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[answered] 1. ABC Company projects the next period sales will be 12,00


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1. ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending

 

inventory equal to 20% of the next month?s sales. What is the desired inventory?

 

2. ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending

 

inventory equal to 20% of the next month?s sales. If the beginning inventory is 100, and the current

 

month?s sales are 14,000, what is the number of units that will need to be purchased for the current

 

month?

 

3. ABC Company has sakes forecasts of the following: January= $40,000;

 

February=$65,000;March=$52,850. All sales are on account and are collected as follows: 20% in the

 

current month, 50% in the month following, 25% in the second month following, and 5% uncollectible.

 

What are the cash receipts for March?

 

4. ABC Company has sales forecasts of the following: February=$40,000; March= $$65,000. All sales are

 

on account and are collected as follows. 20% in the current month, 50% in the month following, 25% in

 

the second month following, and 5% uncollectible. If the total cash receipts for March equal $48,250,

 

what is the sales forecast for January?

 

5. Assume the following information for the month of August. June sales=$40,000; July sales= $65,000;

 

August sales= $52,850. All sales are on account and are collected as follows: 20% in the current month,

 

50% in the month following, 25% in the second month following, and 5% uncollectible. The beginning

 

cash balance is $14,670, with cash payments of $24,763. If the minimum cash balance is $50,000, what

 

is the amount needed by the bank, or how much is available to pay towards the bank loan? Show the

 

amount as a positive number, and the amount to repay a loan as a negative number.

 

6. Assume the following information for the month of August. June sales=$40,000; July sales= $65,000;

 

August sales= $52,850. All sales are on account and are collected as follows: 20% in the current month,

 

50% in the month following, 25% in the second month following, and 5% uncollectible. The beginning

 

cash balance is $14,670, with cash payments of $24,653. If the minimum cash balance is $40,000, what

 

is the amount needed by the bank, or how much is available to pay towards the bank loan? Show the

 

amount as a positive number, and the amount to repay a loan as negative number.

 

7.ABC Company pays for merchandise by paying cash and using credit. Credit purchases equal 80% of the

 

purchases. Of those purchased on credit the purchases are paid for as follows: 60% in the current month,

 

35% in the month following, and 5% in the second month following. Assume January purchases are

 

$65,000. How much of the January purchases are paid for in January?

 

8. ABC Company pays for merchandise entirely on credit as follows: 60% in the current month, 35% in

 

the month following, and 5% in the second month following. Assume January purchases are $65,000.

 

How much of the January purchases are paid for in January?

 


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