User Account

All Pages

Prepare the budgeted income statement for june

Assignment Help Accounting Basics
Reference no: EM131915405

Question - Raymer Industries has the following projected account balances for June 30, 2013:

Accounts payable $78,000

Sales $1,143,000

Accounts receivable $115,000

Capital stock $750,000

Depreciation, factory $36,000

Retained earnings (5/31) $538,000

Inventories (5/31 & 6/30) $213,000

Cash $93,000

Direct materials used $231,000

Equipment, net $313,000

Office salaries $192,000

Buildings, net $948,000

Insurance, factory $37,000

Utilities, factory $119,000

Wages, factory $208,000

Selling expenses $113,000

Bonds payable $200,000

Maintenance, factory $91,000

Prepare the budgeted income statement for June 2013.

Prepare the budgeted balance sheet as of June 30, 2013.

Reference no: EM131915405

Questions Cloud

What is organizational behavior : Identify an organization related to health care in which you are interested. What is organizational behavior? What makes up an organization's culture?
What is the length of the days sales in inventory : Dabble, Inc., has sales of $971,000 and cost of goods sold of $464,000. What is the length of the days’ sales in inventory?
Who owns a customers information : What is the difference between privacy and data security, and how should that difference affect the way we use customer data?
How can the value chain be used in health care organizations : How can the value chain be used to identify organizational strengths and weaknesses in health care organizations? How does the "value chain" relate to health.
Prepare the budgeted income statement for june : Raymer Industries has the following projected account balances for June 30, 2013: Prepare the budgeted income statement for June 2013
Marketable securities are often held in place of cash : "Marketable securities" are often held in place of cash. What are some examples of these kinds of current assets,
Differentiate between traditional and dashboard reporting : Differentiate between traditional and dashboard reporting and apply principles to scenarios; Explain the connection between dashboard utility.
Put option payoffs : Put Option Payoffs. Suppose you purchase five put contracts on Testaburger Co.
Assume that overall cost of debt is weighted average : Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why are paid-in-capital and retained earnings displayed

Why are paid-in-capital and retained earnings displayed separately in the stockholder's equity section of the balance sheet?

  Rowand enterprises had the following selected transactions

Rowand Enterprises had the following selected transactions.

  Compute the deferred income tax amount reported

Compute the deferred income tax amount reported on the balance sheet for Compute the deferred income tax amount reported on the balance sheet

  Relevant federal rate on interest

On January 1, Father (Dave) loaned Daughter (Debra) $100000 to purchase a new car. There were no other loans outstanding between Dave and Debra. the relevant federal rate on interest was 6 percent. the loan was outstanding for the entire year.

  Top five mergers and acquisitions

Determine the top five mergers and acquisitions (M&A) for the current year up to the date of this assignment. Provide a list including the name of the acquirer, the target, the value of the deal, and the type of reorganization involved.

  Determine corrected net incomes

Question - Correction of errors, Determine corrected net incomes for 2009, 2010, and 2011

  Total combined revenues of all segments reporting profits

Total combined revenues of all segments reporting profits

  Charlet company sells office chairs to its customers on

charlet company sells office chairs to its customers. on june 10 charlet purchased 40 office chairs from one of its

  Determine the amount of net cash flows from operating

determine the amount of net cash flows from operating activities teresau2019s will report on the third quarter pro

  Chan company estimates its bad debts

1.At year end (December 31), Chan Company estimates its bad debts as 0.5% of its annual credit sales of $ 975,000.

  Determine the cost of food wrapping

Determine the cost of food wrapping

  Prepare journal entries to record the machine disposal

Onslow Co. purchases a used machine for $144,000 cash on January 2 and readies it for use the next day at a cost of $6,000.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd