Accounting-Swamp Fox has the following sales forecasts for its hip waders

Swamp Fox has the following sales forecasts for its hip waders next year:First Quarter…………………..10,000 pairsSecond Quarter……………….5% increase over first quarterThird Quarter…………………3% decrease from second quarterFourth Quarter………………..8% increase over first quarter34. What is Swamp Fox’s estimated sales in units for next year?A. 41,485 pairs.B. 38,300 pairs.C. 40,000 pairs.D. 40,685 pairs.E. Some other amount.35. What is Swamp Fox’s estimated sales revenue for next year ifeach pair sells for an average of $30?A. $1,149,000.B. $1,200,000.C. $1,220,550.D. $1,244,550.E. Some other amount36. Bird plans to sell 5,000 units each quarter next year. During the first two quarterseach unit will sell for $12; during the last two quarters the sales price will increase $1.50per unit. What is Bird’s estimated sales revenue for next year?A. $240,000.B. $255,000.C. $270,000.D. $244,000.E. Some other amount.37. Bison Sporting Goods sells bicycles throughout the northeastern United States. Thefollowing data were taken from the most recent quarterly sales forecast:On the basis of the information presented, how many bicycles should the companypurchase in August?A. 1,860.B. 1,950.C. 2,040.D. 2,250.E. Some other amount.38. Swansong plans to sell 10,000 units of a particular product during July, and expectssales to increase at the rate of 10% per month during the remainder of the year. The June30 and September 30 ending inventories are anticipated to be 1,100 units and 950 units,respectively. On the basis of this information, how many units should Swansong purchasefor the quarter ended September 30?A. 31,850.B. 32,150.C. 32,950.D. 33,250.E. Some other amount.39. Yorkley Corporation plans to sell 41,000 units of its single product in March. Thecompany has 2,800 units in its March 1 finished-goods inventory and anticipates having2,400 completed units in inventory on March 31. On the basis of this information, howmany units does Yorkley plan to produce during March?A. 40,600.B. 41,400.C. 43,800.D. 46,200.E. Some other amount.40. Coleman, Inc. anticipates sales of 50,000 units, 48,000 units, and 51,000 units in July,August, and September, respectively. Company policy is to maintain an ending finishedgoods inventory equal to 40% of the following month’s sales. On the basis of thisinformation, how many units would the company plan to produce in July?A. 46,800.B. 49,200.C. 49,800.D. 52,200.E. Some other amount.41. Coleman, Inc. anticipates sales of 50,000 units, 48,000 units, and 51,000 units in July,August, and September, respectively. Company policy is to maintain an ending finishedgoods inventory equal to 40% of the following month’s sales. On the basis of thisinformation, how many units would the company plan to produce in August?A. 48,000.B. 49,200.C. 49,800.D. 50,600.E. Some other amount.42. Coleman, Inc. anticipates sales of 50,000 units, 48,000 units, 51,000 units and 50,000units in July, August, September and October, respectively. Company policy is tomaintain an ending finished-goods inventory equal to 40% of the following month’s sales.On the basis of this information, how many units would the company plan to produce inSeptember?A. 46,800.B. 49,200.C. 49,800.D. 50,600.E. Some other amount.43. Telfair & Company had 3,000 units in finished-goods inventory on December 31. Thefollowing data are available for the upcoming year:The number of units the company expects to sell in January is:A. 6,900.B. 8,900.C. 9,400.D. 9,900.E. 11,900.45. Tidewater plans to sell 85,000 units of product no. 794 in May, and each of theseunits requires three units of raw material. Pertinent data follow.On the basis of the information presented, how many units of raw material shouldTidewater purchase for use in May production?A. 228,000.B. 246,000.C. 264,000.D. 282,000.E. Some other amount.46. An examination of Shorter Corporation’s inventory accounts revealed the followinginformation:Raw materials, June 1: 46,000 unitsRaw materials, June 30: 51,000 unitsPurchases of raw materials during June: 185,000 unitsShorter’s finished product requires four units of raw materials. On the basis of thisinformation, how many finished products were manufactured during June?A. 45,000.B. 47,500.C. 57,750.D. 70,500.E. Some other amount.47. Nguyen plans to sell 40,000 units of product no. 75 in June, and each of these unitsrequires five square feet of raw material. Pertinent data follow.If the company purchases 201,000 square feet of raw material during the month, theestimated raw-material inventory on June 30 would be:A. 11,000 square feet.B. 13,000 square feet.C. 23,000 square feet.D. 25,000 square feet.E. some other amount.48. Northwest manufactures a product requiring 0.5 ounces of platinum per unit. The costof platinum is approximately $360 per ounce; the company maintains an ending platinuminventory equal to 10% of the following month’s production usage. The following datawere taken from the most recent quarterly production budget:The cost of platinum to be purchased to support August production is:A. $195,840.B. $198,000.C. $200,160.D. $391,680.E. Some other amount.49. Northwest’s production data for one of its products were taken from the most recentquarterly production budget:If it takes two direct labor hours to produce each unit and Northwest’s cost per labor houris $15, direct labor cost for August would be budgeted at:A. $16,500.B. $31,200.C. $33,000.D. $34,800.E. Some other amount.50. Northcutt’s production data for a new deluxe product were taken from the most recentquarterly production budget:In addition, Northcutt produces 5,000 units a month of its standard product. It takes twodirect labor hours to produce each standard unit and 2.25 direct labor hours to produceeach deluxe unit. Northwest’s cost per labor hour is $15. Direct labor cost for July wouldbe budgeted at:A. $183,750.B. $187,125.C. $189,125.D. $194,750.E. Some other amount.51. Northcutt’s production data for a new deluxe product were taken from the most recentquarterly production budget:In addition, Northcutt produces 5,000 units a month of its standard product. It takes twodirect labor hours to produce each standard unit and 2.25 direct labor hours to produceeach deluxe unit. Northwest’s cost per labor hour is $15. Direct labor cost for Augustwould be budgeted at:A. $187,125.B. $194,750.C. $197,107.D. $183,250.E. Some other amount. 52. Northcutt’s production data for a new deluxe product weretaken from the most recent quarterly production budget:In addition, Northcutt produces 5,000 units a month of its standard product. It takes twodirect labor hours to produce each standard unit and 2.25 direct labor hours to produceeach deluxe unit. Northwest’s cost per labor hour is $15. Direct labor cost for Septemberwould be budgeted at:A. $187,125.B. $183,075.C. $194,750.D. $197,075.E. Some other amount.53. Northcutt’s production data for a new deluxe product weretaken from the most recent quarterly production budget:In addition, Northcutt produces 5,000 units a month of its standard product. It takes twodirect labor hours to produce each standard unit and 2.25 direct labor hours to produceeach deluxe unit. Northwest’s cost per labor hour is $15. Direct labor cost for the quarterwould be budgeted at:A. $519,075.B. $533,125.C. $547,750.D. $553,950.E. Some other amount.54. Quattro began operations in April of this year. It makes all sales on account, subject tothe following collection pattern: 30% are collected in the month of sale; 60% arecollected in the first month after sale; and 10% are collected in the second month aftersale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively,what were the firm’s budgeted collections for April?A. $18,000.B. $21,000.C. $60,000.D. $65,000.E. Some other amount.55. Quattro began operations in April of this year. It makes all sales on account, subjectto the following collection pattern: 30% are collected in the month of sale; 60% arecollected in the first month after sale; and 10% are collected in the second month aftersale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively,what were the firm’s budgeted collections for May?A. $21,000.B. $60,000.C. $69,000.D. $75,000.E. Some other amount.56. Quattro began operations in April of this year. It makes all sales on account, subject tothe following collection pattern: 30% are collected in the month of sale; 60% arecollected in the first month after sale; and 10% are collected in the second month aftersale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively,what were the firm’s budgeted collections for June?A. $21,000.B. $60,000.C. $69,000.D. $75,000.E. Some other amount.57. Quattro began operations in April of this year. It makes all sales on account, subject tothe following collection pattern: 30% are collected in the month of sale; 60% arecollected in the first month after sale; and 10% are collected in the second month aftersale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively,what were the firm’s budgeted collections for the quarter?A. $121,000.B. $140,000.C. $153,000.D. $175,000.E. Some other amount.58. Verna’s makes all sales on account, subject to the following collection pattern: 20%are collected in the month of sale; 70% are collected in the first month after sale; and10% are collected in the second month after sale. If sales for October, November, andDecember were $70,000, $60,000, and $50,000, respectively, what was the budgetedreceivables balance on December 31?A. $40,000.B. $46,000.C. $49,000.D. $59,000.E. Some other amount.59. Dragon makes all sales on account, subject to the following collection pattern: 30%are collected in the month of sale; 60% are collected in the first month after sale; and10% are collected in the second month after sale. If sales for June, July, and August were$120,000, $160,000, and $220,000, respectively, what were the firm’s budgetedcollections for August and the company’s budgeted receivables balance on August 31?A. Choice AB. Choice BC. Choice CD. Choice DE. Choice E60. The following selected data pertain to Phineus Corporation:July’s cash disbursements are expected to be:A. $404,000.B. $464,000.C. $674,000.D. $734,000.E. Some other amount.61. Digregory makes all purchases on account, subject to the following payment pattern:Paid in the month of purchase: 30%Paid in the first month following purchase: 60%Paid in the second month following purchase: 10%If purchases for January, February, and March were $200,000, $180,000, and $230,000,respectively, what were the firm’s budgeted payments in March?A. $69,000.B. $138,000.C. $177,000.D. $197,000.E. Some other amount.62. Brooke-lyn makes all purchases on account, subject to thefollowing payment pattern:Paid in the month of purchase: 30%Paid in the first month following purchase: 65%Paid in the second month following purchase: 5%If purchases for April, May, and June were $200,000, $160,000, and $250,000,respectively, what was the firm’s budgeted payables balance on June 30?A. $175,000.B. $179,000.C. $183,000.D. $189,000.E. Some other amount.63. Wolverine, Inc. began operations on January 1 of the currentyear with a $12,000 cash balance. Forty percent of sales are collected in the month ofsale; 60% are collected in the month following sale. Similarly, 20% of purchases are paidin the month of purchase, and 80% are paid in the month following purchase. Thefollowing data apply to January and February:If operating expenses are paid in the month incurred and include monthly depreciationcharges of $2,500, determine the change in Wolverine’s cash balance during February.A. $2,000 increase.B. $4,500 increase.C. $5,000 increase.D. $7,500 increase.E. Some other amount.The Gingham Company’s budgeted income statement reflects the following amounts:Sales are collected 50% in the month of sale, 30% in the month following sale, and 19%in the second month following sale. One percent of sales is uncollectible and expensed atthe end of the year.Gingham pays for all purchases in the month following purchase and takes advantage of a3% discount. The following balances are as of January 1:*Of this balance, $35,000 will be collected in January and the remaining amount will becollected in February.The monthly expense figures include $5,000 of depreciation. The expenses are paid in themonth incurred.64. Gingham’s expected cash balance at the end of January is:A. $87,000.B. $89,160.C. $92,000.D. $94,160.E. $113,160.65. Gingham’s budgeted cash receipts in February are:A. $91,000.B. $95,000.C. $113,090.D. $113,640.E. $114,000.66. Gingham’s budgeted cash payments in February are:A. $75,660.B. $94,860.C. $97,200.D. $99,860.E. $102,200.67. Gingham’s expected cash balance at the end of February is:A. $87,000.B. $89,160.C. $92,000.

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