Loading... Please wait...

ACC 206 Week 4 Chapter 6 Exercise 4 Production and cash-outlay computations

Price:
$6.00

Click the button below to add the ACC 206 Week 4 Chapter 6 Exercise 4 Production and cash-outlay computations to your wish list.

SHARE

Product Description

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.
 
 
1-May
31-May
Product K (Units)
         55,000
       60,000
Rate Materials A (Units)
         40,000
       37,000
 
Each unit of raw material A costs $8; RPR pays for all purchases in the month of acquisition. Invoices that account for 80% of the cost of materials acquired will be paid within 10 days of receipt, entitling the company to a 2% cash discount.
 
a.       Determine the number of units of product K to be manufactured in May.
b.      Compute the May cash outlay for purchases of raw material A.
 
 
 
 
 
 
 
July
August
September
Beginning cash balance
$10,000
$ ?
$ ?
Add: Cash receipts
50,000
63,000
71,000
Deduct: Cash payments
-64,000
-58,000
-64,000
Cash excess (deficiency) before financing
($4,000)
$ ?
$ ?
Financing
     
Borrowing to maintain minimum balance
?
?
?
Principal repayment
?
?
?
Interest payment
?
?
?
Ending cash balance
$ ?
$ ?
$ ?

Find Similar Products by Category

Vendors Other Products

Product Reviews

This product hasn't received any reviews yet. Be the first to review this product!

Write a review

chat iconOur newsletter

Categories