Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 22-6 (algo) manufacturing: production bud

Exercise 22-6 (Algo) Manufacturing: production budgets LO P1 Electro Company manufactures transmissions for electric cars....

90.2K

Verified Solution

Question

Accounting

imageimage

Exercise 22-6 (Algo) Manufacturing: production budgets LO P1 Electro Company manufactures transmissions for electric cars. Management reports ending finished goods inventory for the first quarter at 172,800 units. The following unit sales are budgeted during the rest of the year: second quarter, 432,000 units; third quarter, 303,000 units; and fourth quarter, 483,500 units. Company policy calls for the ending finished goods inventory of a quarter to equal 40% of the next quarter's budgeted unit sales. Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture. QS 22-23 (Algo) Cash budget LO P2 Santos Company is preparing a cash budget for February. The company has $17,000 cash at the beginning of February and budgets $67,000 in cash receipts from sales and $110,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $5,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

What makes domestic and sexual violence against people with disabilities particularly challenging to combat? For example,...

Advance Math
1.2K views

Solve the initial value problem. y'=(y^2)+(2xy)+(x^2)-(1), y(0)=1

Biology
1.2K views

estion 8 1 point Lilaste ology Of the following anatomical structures which is homologous to...

Geometry
1.2K views

Which line has a slope of M A Line A Line B C Line C...

Basic Math
1.2K views

Paul purchased a $2450 bond paying 3.5% annual simple interest after graduating from college. It...

Basic Math
1.2K views

A teacher administers a test to his class of 30 students. The mean score (out...

Algebra
1.2K views

1 Solve the following equations for x 6 pts each a In 4x 15 0...

Accounting
1.2K views

please help to asnwer. thanks and appreciate it :) topic: suspense account and...

Accounting
1.2K views

same question Paul Swanson has an opportunity to acquire a...

Accounting
1.2K views

cost accounting Case 3 Keener Company manufactures a specialized product. Department 2 adds new...

Accounting
1.2K views

On 30 June, Duck Ltd estimated that $8,000 of its receivables were likely to be...

Finance
1.2K views

You are considering a project with the following cash flows: CFO - 100,000 CF1 $25,000...