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assignment-chapter-six-and-seven-problems
Please complete the following 8 exercises below in either Excel or a
word document (but must be single document). You must show your
work where appropriate (leaving the calculations within Excel cells is
acceptable). Save the document, and submit it in the appropriate week
using the Assignment Submission button.
Chapter 6 Exercise 2
2. Schedule of cash collections
Sugarland Company sells a single product and anticipates opening a
new facility in Charlotte on May 1 of the current year. Expected sales
during the first three months of activity are: May, $60,000; June,
$80,000; and July, $85,000. Thirty percent of all sales are for cash; the
remaining 70% are on account. Credit sales have the following
collection pattern:
Chapter 6 Exercise 4
4. Production and cash-outlay computations
RPR, Inc., anticipates that 120,000 units of product K will be sold during
May. Each unit of product K requires four units of raw material A.
Actual inventories as of May 1 and budgeted inventories as of May 31
follow.