Reference no: EM132602212
Question 1: On January 1, Concord Corporation has a beginning cash balance of $166000. During the year, the company expects cash disbursements of $970000 and cash receipts of $780000. If Concord requires an ending cash balance of $120000, Concord Corporation must borrow
Question 2: Concord Corporation has 34000 units in beginning finished goods. If sales are expected to be 140000 units for the year and Concord desires ending finished goods of 40000 units, how many units must the company produce?
Question 3: Sunland Company's direct materials budget shows total cost of direct materials purchases for January $250000, February $270000 and March $330000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are
Question 4: The production budget shows that expected unit sales are 50000. The total required units are 64000. What are the required production units?
Question 5: A company budgeted unit sales of 294000 units for January, 2020 and 340000 units for February 2020. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 88200 units of inventory on hand on December 31, 2019, how many units should be produced in January, 2020 in order for the company to meet its goals?