Homework Assignment restraint Week 5:
Restraint Week 5, delight spin in the repartees to the subjoined investigations:
Investigation 1. Prepare a budget restraint this year restraint the Administrative Department at Tom’s Toyota Company grounded on the subjoined information:
Last Year Restraintecasting Assumption Budget restraint this Year
Salaries $60,000 2% gain-groundth ___________
Stationary $ 900 1% wane ___________
Telephone $ 2,500 3% gain-groundth ___________
Electricity $ 1,200 2.5% gain-groundth ___________
Office Rent $10,000 2% gain-groundth ___________
Depreciation $ 4,000 no fluctuate ___________
Total: $78,600 ___________
Investigation 2. Define a “Static Budget.”
Investigation 3. Define a “Flexible Budget.”
Investigation 4. Define the vocable “Zero-grounded Budgeting.”
Investigation 5. Define “Period Budgets.”
Investigation 6. Define “Rolling Budgets.”
Investigation 7. Huge Bob’s Discount Appliances expects sales of $5,000, $5,000, and $10,000 during April, May, and June (huge sale in June). To plant duty, Huge Bob lets integral customers suborn on honor, and integral do so. In the gone-by, 50% of Huge Bob’s sales own been calm during the month of sale, 40% are calm the subjoined month, and 10% the month ensueing that. If this curve continues, what completeure be Huge Bob’s completion capital collections in the month of June?
Investigation 8. Little Louie’s expects to own $100 in capital on workman at the opening of June, and the company’s target capital counteract is $100. Net capital issue restraint June is minus $300. Assuming that Little Louie’s borrows to engage scanty vocable capital wants and pays tail as early as residue capital is beneficial, what completeure be the company’s exit capital counteract ensueing financing at the object of June?
Investigation 9. Ma & Pa Kettle’s Chili Company has begun selling a odd chili recipe and they insufficiency you to succor them with contiguous year’s budgeted financial statements. Using the worksheet below, entire Ma & Pa’s restraintecast and repartee the investigations which ensue.
To initiate with, Ma & Pa are enduring sales completeure gain-ground 50% contiguous year. Claim that is penny. Then claim that COGS, Floating Effects, and Floating Liabilities integral dissimilate straightway with Sales (that resources if sales gain-grounds a indubitable percentage, then the representation in investigation completeure gain-ground by that identical percentage). Claim that agricultural expenses completeure stop unchanged and that $1,000 price of odd Agricultural Effects completeure be obtained contiguous year. Lastly, the floating dividobject cunning completeure be continued contiguous year.
Ma & Pa Kettle Chili Company, Inc.
This year restraint contiguous year
Sales $10,000 ________
COGS 4,000 ________
Gross Profit 6,000 ________
Agricultural Expenses 3,000 ________
Before Tax Profit 3,000 ________
Tax @ 33.3333% 1,000 ________
Net Profit $2,000 ________
Dividends $0 ________
Floating Effects $25,000 ________
Net Agricultural Effects 15,000 ________
Completion Effects $40,000 ________
Floating Liabilities $17,000 ________
Long vocable something-due 3,000 ________
Common Stock 7,000 ________
Retained Earnings 13,000 ________
Completion Liabs & Eq $40,000 ________
Sum want to counteract the counteract shuffle ________
(Proposed completion effects minus proposed
completion liabilities & equity *)
* If this compute is XXXXX it resources Ma & Pa want attached exterior funding to finance their proposed asset gain-groundth. If this compute is XXXXX it resources Ma & Pa own programmed too considerable financing restraint the sum of effects they design.
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