Business, 23.06.2020 18:01 jonystroyer1020

Badlands Inc. manufactures a household fan that sells for $40 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the companyâ€™s accounting records. Badlands maintains a minimum cash balance of $35,000. Total payments in January 20x1 are budgeted at $210,000.A schedule of cash collections for January and February of 20x1 revealed the following receipts for the period: Cash Receipts January Cash Receipts FebruaryFrom December 31 accounts receivable $126,000 From January sales 92,000 $145,000From February sales 76,000March 20x1 sales are expected to total 11,500 units. Finished-goods inventories are maintained at 20 percent of the following month?s sales. The December 31, 20x0, balance sheet revealed the following selected figures: cash, $24,100; accounts receivable, $126,000; and finished goods, $24,750.Required:1. Determine the number of units that Badlands sold in December 20x0.2. Compute the sales revenue for March 20x1.3. Compute the total sales revenue to be reported on Badlands? budgeted income statement for the first quarter of 20x1.4. Determine the accounts receivable balance to be reported on the March 31, 20x1, budgeted balance sheet.5. Calculate the number of units in the December 31, 20x0, finished-goods inventory.6. Calculate the number of units of finished goods to be manufactured in January 20x1.7. Calculate the financing required in January, if any, to maintain the firm?s minimum cash balance.1. December sales units2. March sales revenue 3. First quarter sales revenue 4. March 31 accounts receivable balance 5. December 31 finished-goods inventory units6. Finished goods to be manufactured in January units7. Financing required in January

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:30

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Answers: 3

Answer

Business, 22.06.2019 14:20

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)

Answers: 2

Answer

Business, 22.06.2019 14:30

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Answers: 1

Answer

Business, 22.06.2019 20:00

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Answers: 3

Answer

You know the right answer?

Badlands Inc. manufactures a household fan that sells for $40 per unit. All sales are on account, wi...

Questions