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63. Ardel Co. budgeted to sell 200,000 units of Zbox in September. Production of one unit of
Zbox requires two pounds of aluminum and five pounds of steel powder. The beginning inventory
and the desired ending inventory (in units) are as follows:
Beginning Inventory Desired Ending Inventory
Zbox 24,000 13,000
Aluminum 30,000 23,000
Steel powder 26,000 31,000
How many units of Zbox are to be manufactured by Adel Co. during September?
64. Ardel Co. budgeted to sell 200,000 units of Zbox in September. Production of one unit of
Zbox requires two pounds of aluminum and five pounds of steel powder. The beginning inventory
and the desired ending inventory (in units) are as follows:
Beginning Inventory Desired Ending Inventory
Zbox 24,000 13,000
Aluminum 30,000 23,000
Steel powder 26,000 31,000
How many pounds of aluminum powder does Ardel Co. need to purchase during September if
Ardel plans to manufacture 150,000 units of Zbox in September?
65. Ardel Co. budgeted to sell 200,000 units of Zbox in September. Production of one unit of
Zbox requires two pounds of aluminum and five pounds of steel powder. The beginning inventory
and the desired ending inventory (in units) are as follows:
Beginning Inventory Desired Ending Inventory
Zbox 24,000 13,000
Aluminum 30,000 23,000
Steel powder 26,000 31,000
How many pounds of steel powder does Ardel Co. need to purchase during September if Ardel
plans to manufacture 150,000 units of Zbox in September?
66. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Total budgeted cash collections for Yekstop Corp. in December are:
67. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Total budgeted cash collections in January by Yekstop Corp. are:
68. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Total budgeted inventory purchases in November by Yekstop Corp. are:
69. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Total budgeted inventory purchases in December by Yekstop Corp. are:
70. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Budgeted December cash payments by Yekstop Corp. for December inventory purchases are:
71. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Budgeted cash payments in November for November inventory purchases by Yekstop Corp. are:
72. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Budgeted cash payments in December for November inventory purchases by Yekstop Corp. are:
73. Information pertaining to Yekstop Corp.'s sales revenue is presented below:
November December January
Cash sales $96,000 $125,000 $78,000
Credit sales 288,000 450,000 234,000
Total sales $384,000 $575,000 $312,000
Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible
credit sales, 65% are likely to be collected in the month of sale and the remainder in the month
following the month of sale. The company desires to begin each month with an inventory equal to
75% of the sales projected for the month. All purchases of inventory are on open account; 30%
will be paid in the month of purchase, and the remainder paid in the month following the month
of purchase. Purchase costs are approximately 60% of the selling prices.
Budgeted January cash payments for December inventory purchases by Yekstop Corp. are:
74. Fresplanade Co. had the following historical collection pattern for its credit sales:
75% collected in the month of sale
12% collected in the first month after month of sale
8% collected in the second month after month of sale
3% collected in the third month after month of sale
2% uncollectible
The sales on open account (credit sales) have been budgeted for the last six months of the year
as shown below:
July $72,000
August $84,000
September $96,000
October $108,000
November $120,000
December $102,000
The estimated total cash collections by Fresplanade Co. during December from accounts
receivable is:
75. Fresplanade Co. had the following historical collection pattern for its credit sales:
75% collected in the month of sale
12% collected in the first month after month of sale
8% collected in the second month after month of sale
3% collected in the third month after month of sale
2% uncollectible
The sales on open account (credit sales) have been budgeted for the last six months of the year
as shown below:
July $72,000
August $84,000
September $96,000
October $108,000
November $120,000
December $102,000
The estimated total cash collections by Fresplanade Co. during November from collection of
accounts receivable is:
76. Fresplanade Co. had the following historical collection pattern for its credit sales:
75% collected in the month of sale
12% collected in the first month after month of sale
8% collected in the second month after month of sale
3% collected in the third month after month of sale
2% uncollectible
The sales on open account (credit sales) have been budgeted for the last six months of the year
as shown below:
July $72,000
August $84,000
September $96,000
October $108,000
November $120,000
December $102,000
The estimated total cash collections by Fresplanade Co. during October from accounts
receivable is:
