Managerial accounting free essay sample

a. Sales budget: April May June Quarter Budgeted sales in units 35,000 45,000 60,000 140,000 Selling price per unit Ãâ€" $8 Ãâ€" $8 Ãâ€" $8 Ãâ€" $8 Total sales $280,000 $360,000 $480,000 $1,120,000 b. Schedule of expected cash collections: February sales $ 48,000 $ 48,000 March sales 112,000 $ 56,000 168,000 April sales 70,000 140,000 $ 70,000 280,000 May sales 90,000 180,000 270,000 June sales 120,000 120,000 Total cash collections $230,000 $286,000 $370,000 $ 886,000 c. Merchandise purchases budget: Budgeted sales in units 35,000 45,000 60,000 140,000 Add budgeted ending inventory* 40,500 54,000 36,000 36,000 Total needs 75,500 99,000 96,000 176,000 Less beginning inventory 31,500 40,500 54,000 31,500 Required unit purchases 44,000 58,500 42,000 144,500 Unit cost Ãâ€" $5 Ãâ€" $5 Ãâ€" $5 Ãâ€" $5 Required dollar purchases $220,000 $292,500 $210,000 $ 722,500 *90% of the next month’s sales in units. Case 8-29 d. Budgeted cash disbursements for merchandise purchases: April May June Quarter March purchases $ 85,750 $ 85,750 April purchases 110,000 $110,000 220,000 May purchases 146,250 $146,250 292,500 June purchases 105,000 105,000 Total cash payments $195,750 $256,250 $251,250 $703,250 2. Cravat Sales Company Cash Budget For the Three Months Ending June 30 April May June Quarter Cash balance, beginning $ 14,000 $ 10,250 $ 10,000 $ 14,000 Add receipts from customers (Part 1 b.) 230,000 286,000 370,000 886,000 Total cash available 244,000 296,250 380,000 900,000 Less disbursements: Purchase of inventory (Part 1 d.) 195,750 256,250 251,250 703,250 Sales commissions 35,000 45,000 60,000 140,000 Salaries and wages 22,000 22,000 22,000 66,000 Utilities 14,000 14,000 14,000 42,000 Miscellaneous 3,000 3,000 3,000 9,000 Dividends paid 12,000 0 0 12,000 Land purchases 0 25,000 0 25,000 Total disbursements 281,750 365,250 350,250 997,250 Excess (deficiency) of receipts over disbursements (37,750) (69,000) 29,750 (97,250) Financing: Borrowings 48,000 79,000 0 127,000 Repayments* 0 0 (16,000) (16,000) Interest* 0 0 (3,020) (3,020) Total financing 48,000 79,000 (19,020) 107,980 Cash balance, ending $ 10,250 $ 10,000 $ 10,730 $ 10,730 *This is the maximum amount (in increments of $1,000) that the company could repay to the bank and still have at least a ,000 ending balance. We will write a custom essay sample on Managerial accounting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page ** $48,000 Ãâ€" 1% Ãâ€" 3 = $1,440 $79,000 Ãâ€" 1% Ãâ€" 2 = 1,580 Total interest = $3,020 Case 8-29 3. Cravat Sales Company Budgeted Income Statement For the Three Months Ended June 30 Sales revenue (Part 1 a.) $1,120,000 Variable expenses: Cost of goods sold (140,000 ties @ $5 per tie) $700,000 Commissions (140,000 ties @ $1 per tie) 140,000 840,000 Contribution margin 280,000 Fixed expenses: Wages and salaries 66,000 Utilities 42,000 Insurance expired 3,600 Depreciation 4,500 Miscellaneous 9,000 125,100 Net operating income 154,900 Interest expense 3,020 Net income $ 151,880 Case 8-29 4. Cravat Sales Company Budgeted Balance Sheet June 30 Assets Cash (Part 2) $ 10,730 Accounts receivable (see below) 450,000 Inventory (36,000 ties @ $5 per tie) 180,000 Unexpired insurance ($14,400 – $3,600) 10,800 Fixed assets, net of depreciation ($172,700 + $25,000 – $4,500) 193,200 Total assets $844,730 Liabilities and Stockholders’ Equity Accounts payable, purchases (50% Ãâ€" $210,000.) $105,000 Dividends payable 12,000 Loans payable, bank ($127,000 – $16,000) 111,000 Capital stock, no par 300,000 Retained earnings (see below) 316,730 Total liabilities and equity $844,730 Accounts receivable at June 30: 25% Ãâ€" May sales of $360,000 $ 90,000 75% Ãâ€" June sales of $480,000 360,000 Total $450,000 Retained earnings at June 30: Balance, March 31 $176,850 Add net income (Part 3) 151,880 Total 328,730 Less dividends declared 12,000 Balance, June 30 $316,730

5 Ways to Bond With New Coworkers

5 Ways to Bond With New Coworkers Making friends as a grownup can be really hard. Particularly making friends at work, when you’re the new kid and don’t yet know the dynamics of your office. But there are a few easy steps you can take to make inroads. 1. Think Outside the OfficeGrab a coffee or a drink at happy hour after work. Ask questions (not pushy or invasive ones!) and find out about your co-workers’ interests.2. Quit The Smack TalkEveryone needs to grumble about work now and then- and a nice round of complaining with your co-workers can be just the key  to get things off your chest. But be careful not to overdo it. It’s easy to step on toes or alienate people who might have a different take on things. Concentrate on the positive instead!3. Stick To Common GroundFind things you have in common with your co-workers and steer the conversation towards your shared interests. It shows you listen to what they care about and you can open up a discussion about something non-work-related (al ways a welcome break!).4. CollaborateAsk for guidance or a fresh pair of eyes on your project. Your co-workers will be flattered to know you recognize what they do well and respect them for it. Plus you’ll prove yourself as someone who is capable and cooperative.5. Share the GloryDon’t be one of those people  who constantly takes all the credit. Make sure to point out who helped you out  and try not to toot your own horn- even if you did something toot-worthy!Try these simple workplace hacks and you’ll be well on your way to making friends in your new office. When in doubt, just remember to do your job and be sincere.5 Steps To Easily Connect With Your Co-Workers

Follow the instruction to Find an example of art or architecture from Essay

Follow the instruction to Find an example of art or architecture from American history since 1877 - Essay Example Many houses were huge with many rooms, but the floor and walls were full of dirt. Despite the fact that sod houses were full of dirt and mud falling from the ceiling, the society was proud of them. Some people were much comfortable, and they lived even for decades. It indicates that the society had limited resources, and many lived in poverty. In addition, the sod houses were used to keep away dangerous animals, insects, and snakes that outline that people used to live in the forest or bushy grassland. The preparation of sods and construction of houses involved much tedious work which required a lot of efforts. During this time, people worked together as a community in order to combine the effort. It clearly indicates that it was the culture for the people to live in unity. The smoothening of the inner walls by plastering and the use of cooking ports in cooking also shows that the people did craft work (Barns, 1970). Additionally, the use of agricultural equipments in cutting the rod evidenced that the ancient American society relied on agriculture for