Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i detailed answer i'll upvote average raw ma

I detailed answer I'll upvote Average raw material in...

60.1K

Verified Solution

Question

Accounting

I detailed answer I'll upvote

image

Average raw material in stock is for 1 month. Average material in work in progress is for half month. Credit allowed to supplier: 1 month and credit allowed to debtors: 1 month. Average time lag in payment of wages is 10 days. Average time lag in payment of overheads is 30 days. 25% of sales are on cash basis. Cash balance is expected to be Rs.1,00,000. Finished goods lie in warehouse for 1 month. You are required to make a statement of working capital needed to finance a level of the activity of 54,000 units of output. Production is car ried on evenly throughout the year and wages and overheads accrue similarly

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

Finance
1.2K views

What would happen to the bond’s value if inflation fell and declined to 7%? Would we...

Basic Math
1.2K views

The point (a, b) is on the terminal side of angle C in the coordinate...

Statistics
1.2K views

The boxplot below shows salaries for Construction workers and Teachers Construction Teacher 1 21 22...

Statistics
1.2K views

Which of the following is NOT an assumption or condition for a hypothesis test for...

Calculus
1.2K views

Suppose the position equation for a moving object is given by s(t) = 3t +...

Accounting
1.2K views

homework On Aprill 1,...

Accounting
1.2K views

Problem 12-3A Indirect: Statement of cash flows LO A1, P1, P2, P3 Forten Company, a...

Accounting
1.2K views

help please Which of the following statements is correct in regard...

Accounting
1.2K views

HomeSuites is a chain of all-suite, extended-stay hotel properties. The chain has 18 properties with...

Accounting
1.2K views

What was the amount of cash provided by operating activities? A. $84,500 B. $85,000 C....

Accounting
1.2K views

QUESTION 4 (25 Marks) Case Study - Retirement Planning ...

Finance
1.2K views

Interest versus dividend income During the year just ended, Shering Distributors, Inc, had pretax earnings...