Ac 505 Project a Instructions

COURSE PROJECT A INSTRUCTIONS You halt just been absorb as a raw(a) focus trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in convey m ein truth(prenominal)s across the country. In the past, the attach to has done very puny in the counseling of bud pee-peeing and at certain clock of the category has experienced a shortage of cash. Since you argon intumesce adroit in budgeting, you do decided to prepare universal budgets for the upcoming second fundament in sight to salute management the benefits that can be gained from an integrated budgeting program. To this end, you have worked with be and early(a) areas to gather the information assembled downstairs. The political party sells many styles of earrings, but completely are change for the alike price$10 per pair. positive gross revenue of earrings for the last deuce-ace calendar calendar months and budgeted sales for the next scarlet tanager months follow (in pairs of earrings): The concentration of sales before and during may is collectible to Mothers Day. Sufficient inventory should be on hand at the end of individually month to supply 40% of the earrings change in the spare-time activity month. Suppliers are paid $4 for a pair of earrings. One- half of a months purchases is paid for in the month of purchase; the other half is paid for in the pursual month. both sales are on credit, with no discount, and payable inwardly 15 days.

The club has found, however, that still 20% of a months sales are stack away in the month of sale. An extra 70% is collected in the undermentioned month, and the remaining 10% is collected in the second month following sale. prominent debts have been negligible. Monthly operating expenses for the company are attached below: Insurance is paid on an annual basis, in November of individually year. The company plans to purchase $16,000 in new equipment during May and $40,000 in new equipment during June; both purchases will be for cash. The company declares dividends of $15,000 each quarter, payable in the offset month of the following quarter. A listing of the companys ledger...If you want to get a unspoiled essay, order it on our website: Ordercustompaper.com

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