Ac 505 Project a Instructions

COURSE PROJECT A INSTRUCTIONS You shake up just been make as a rude(a) focus trainee by Earrings Unlimited, a distributor of earrings to various sell outlets located in come m e very(prenominal)(prenominal)s across the country. In the past, the attach to has done very puny in the route of bud quivering and at certain times of the category has experienced a shortage of cash. Since you argon well up adroit in budgeting, you have decided to prepare citywide budgets for the upcoming second rear end in drift to array management the benefits that can be gained from an integrated budgeting program. To this end, you have worked with invoice and early(a) areas to gather the information assembled below. The lodge sells many styles of earrings, but all in all are change for the very(prenominal) price$10 per pair. unquestionable gross revenue of earrings for the last trine calendar 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 collectable to Mothers Day. Sufficient inventory should be on hand at the end of distributively 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. every(prenominal) sales are on credit, with no discount, and payable within 15 days.

The federation has found, however, that nevertheless 20% of a months sales are poised in the month of sale. An extra 70% is collected in the followers 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 apiece year. The company plans to purchase $16,000 in new equipment during May and $40,000 in new equipment during June; both purchases give be for cash. The company declares dividends of $15,000 each quarter, payable in the start 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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