Entries by mary WAMBUGU

Alpha Company has budgeted activity for October to reflect net income $120,000. All sales are credit sales.

September 6, 2019 in /by

Alpha Company has budgeted activity for October to reflect net income $120,000. All sales are credit sales. Receivables are planned to increase by $35,000, payables to decrease by $25,000 and Depreciation Expense is $55,000. Use this information to determine how much cash will increase (decrease) during the month of October. (Round & enter final answers […]

 

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Alpha Company began operations on January 1. All sales are on credit. Alpha has sales budgeted as $170,000 for February. Receivables at January 31 were $25,000.

September 6, 2019 in /by

Alpha Company began operations on January 1. All sales are on credit. Alpha has sales budgeted as $170,000 for February. Receivables at January 31 were $25,000. Accounts Receivable collections are expected to be 60% in the month of sale, 30% the next month, and 10% in the next. Use this information to determine the dollar […]

 

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Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000.

September 6, 2019 in /by

Alpha Company is preparing its cash budget for the month of May.  The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%.   Estimated collections in May for credit sales in April are 70%.  Estimated Collections in May for credit sales prior […]

 

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Alpha Company has provided projected information as follows: Net sales $10,000 Fixed manufacturing costs $1,000

September 6, 2019 in /by

Alpha Company has provided projected information as follows:                       Net sales                                                $10,000                      Fixed manufacturing costs      $1,000 Additionally, Alpha has experienced a variable manufacturing costs of 45% of net sales and sees not changes during the budget period. Alpha expects that there will be no changes to any inventory values. Use this information to determine Alpha’s: . (Round & […]

 

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