Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment
Quagmire Inc. has prepared the following sales budget for the quarter of April, May and June:
Sales Budget
April
May
June
Total
Sales in units
13000
16500
14500
44000
Selling price per unit
x $40
Sales revenue
$520000
$660000
$580000
$1760000
All of the sales are on credit. Quagmire collects from customers as follows:
40% of sales in the month of sale 35% in the month following the sale, and 25% in the second month following the sale.
Cash receipts budget
Collect from current sales
208000
264000
232000
704000
Collect from last month
210000
182000
231000
623000
Collect from 2 mos. Prior
140000
150000
130000
420000
Cash receipts
$ 558000
$ 596000
$ 593000
$ 1747000
Quagmire expects cost of goods sold to be 60% of sales.
They keep 20% of next months expected cost of goods sold in ending inventory. Below are budgeted purchases of inventory. All purchases are paid for in the SAME month as the purchase.
Purchases Budget
Budgeted cost of goods sold
312000
396000
348000
1056000
plus desired ending inventory
79200
69600
57600
Total needs
391200
465600
405600
1113600
less beginning inventory
(62400)
(79200)
(69600)
Cost of purchases
328800
386400
336000
1051200
Below is the budget for variable and fixed selling and administrative expenses. Selling and admin expenses are paid in the month AFTER they are incurred. Fixed expenses include depreciation of 36000 each month.
Sales and Admin Budget
Variable S&A expenses
52000
66000
58000
176000
Fixed S&A (including depreciation)
180000
540000
How much will Quagmire pay (in cash) for purchases in May? How much does Quagmire pay for variable S&A expenses in May? How much does Quagmire pay for fixed S&A expenses in May?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd