Description
Exercise 23-1 Preparation of merchandise purchases budgets (for three
periods) L.O. P1
[The following information applies to
the questions displayed below.]
Formworks |
Sales (Units) |
Purchases (Units) |
|
July |
210,000 |
218,000 |
August |
290,000 |
290,000 |
September |
290,000 |
280,000 |
|
Section Break |
Difficulty: Medium |
|
Exercise 23-1 Preparation of merchandise purchases budgets (for three |
Learning Objective: 23-P1 Prepare each component of a master budget |
1.
award:
3 out of
3.00 points
Exercise 23-1 Part 1
1. |
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-1 Part 1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
2.
award:
1 out of
1.00 point
Exercise 23-1 Part 2
2. |
Compute |
Ratio |
10 |
eBook LinkView Hint #1
3.
award:
1 out of
1.00 point
Exercise 23-1 Part 3
3. |
How |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-1 Part 3 |
Learning Objective: 23-P1 Prepare each component of a master budget |
4.
award:
2.98 out of
3.00 points
Exercise 23-2 Preparation of cash budgets (for three periods) L.O. P1
Kasik |
Cash |
Cash |
|||
January |
$ |
525,000 |
$ |
477,000 |
February |
403,500 |
354,000 |
||
March |
478,000 |
522,000 |
||
|
According |
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-2 Preparation of cash budgets (for three periods) L.O. P1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
5
award:
2 out of
2.00 points
Exercise 23-3 Preparation of a cash budget L.O. P1
Use the |
a. |
Beginning |
b. |
Cash |
c. |
Payments |
d. |
Budgeted |
e. |
Budgeted |
f. |
Other |
g. |
Accrued |
h. |
Bank |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-3 Preparation of a cash budget L.O. P1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
6.
award:
5 out of
5.00 points
Exercise 23-4 Preparing a budgeted income statement and balance sheet
L.O. P2
Following |
a. |
Beginning |
b. |
Cash |
c. |
Payments |
d. |
Budgeted |
e. |
Budgeted |
f. |
Other |
g. |
Accrued |
h. |
Bank |
Additional |
|
a. |
Cost of |
b. |
Inventory |
c. |
Salaries |
d. |
The |
e. |
The |
f. |
Income |
g. |
The |
Prepare |
eBook LinkView Hint #1
7.
award:
3 out of
3.00 points
Exercise 23-6 Computing budgeted purchases and costs of goods sold L.O.
P1
Sand rev: 04_30_2012 |
Accounts |
Merchandise Inventory |
|||
May |
$ |
130,000 |
$ |
220,000 |
June |
150,000 |
400,000 |
||
July |
300,000 |
200,000 |
||
August |
130,000 |
300,000 |
||
|
1. |
Compute |
June |
July |
August |
|
Budgeted |
$ 1,370,000 |
$ 1,450,000 |
$ 1,430,000 |
|
2. |
Compute |
June |
July |
August |
|
Budgeted |
$ 1,190,000 |
$ 1,650,000 |
$ 1,330,000 |
|
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-6 Computing budgeted pu |
Exercise 23-7 Computing budgeted accounts payable and purchases-sales
forecast in dollars L.O. P1, P2
[The following information applies to
the questions displayed below.]
Sound |
Section Break |
Difficulty: Medium |
Learning Objective: 23-P2 Link both operating and capital expenditures |
Exercise 23-7 Computing budgeted accounts payable and purchases-sales |
Learning Objective: 23-P1 Prepare each component of a master budget |
8.
award:
3 out of
3.00 points
Exercise 23-7 Part 1
(1) |
Compute |
July |
August |
September |
October |
|
Budgeted |
$ 201,600 |
$ 172,200 |
$ 182,700 |
$ 156,100 |
|
eBook Links (2)View Hint #1
Worksheet |
Difficulty: Medium |
Learning Objective: 23-P2 Link both operating and capital expenditures |
Exercise 23-7 Part 1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
9.
award:
2 out of
2.00 points
Exercise 23-7 Part 2
(2) |
Compute |
September |
October |
|
Budgeted |
$ 189,000 |
$ 172,130 |
|
eBook Links (2)View Hint #1
Worksheet |
Difficulty: Medium |
Learning Objective: 23-P2 Link both operating and capital expenditures |
Exercise 23-7 Part 2 |
Learning Objective: 23-P1 Prepare each component of a master budget |
10.
award:
2 out of
2.00 points
Exercise 23-7 Part 3
(3) |
Compute |
September |
October |
|
Budgeted |
$ 232,260 |
$ 216,230 |
|
eBook Links (2)View Hint #1
Worksheet |
Difficulty: Medium |
Learning Objective: 23-P2 Link both operating and capital expenditures |
Exercise 23-7 Part 3 |
Learning Objective: 23-P1 Prepare each component of a master budget |
11.
award:
0.73 out of
2.00 points
Exercise 23-9A Direct materials budget L.O. P3
Nascar |
Required: |
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-9A Direct materials budget L.O. P3 |
Learning Objective: 23-P3 Appendix 23A-Prepare production and |
12.
award:
0.80 out of
2.00 points
Exercise 23-10A Direct labor budget L.O. P3
Nascar |
Required: |
Prepare |
eBook LinkView Hint #1
Worksheet |
13.
award:
2 out of
2.00 points
Exercise 23-11 Budgeted cash disbursements L.O. P1
Jake |
July |
August |
September |
||||
Sales |
$ |
29,000 |
$ |
37,000 |
$ |
41,000 |
Purchases |
17,110 |
21,830 |
29,000 |
|||
|
Payments |
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-11 Budgeted cash disbursements L.O. P1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
14.
award:
2 out of
2.00 points
Exercise 23-12 Budgeted cash receipts L.O. P1
Emily |
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-12 Budgeted cash receipts L.O. P1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
15.
award:
3 out of
3.00 points
Exercise 23-13 Cash budget L.O. P1
Kaizen |
July |
August |
September |
||||
Cash |
$ |
24,000 |
$ |
32,000 |
$ |
40,000 |
Cash |
28,000 |
30,000 |
32,000 |
|||
|
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-13 Cash budget L.O. P1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
16.
award:
4 out of
4.00 points
Exercise 23-14 Cash budget L.O. P1
Fabrice |
October |
November |
December |
||||
Cash |
$ |
23,900 |
$ |
17,900 |
$ |
21,900 |
Cash |
26,850 |
16,900 |
14,100 |
|||
|
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-14 Cash budget L.O. P1 |
Learning Objective: 23-P1 Prepare each component of a master budget |
17.
award:
4 out of
4.00 points
Exercise 23-17 Budgeted balance sheet L.O. P2
The |
a. |
The |
b. |
The |
c. |
The |
d. |
The |
e. |
The |
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
|
Exercise 23-17 Budgeted balance sheet L.O. P2 |
Learning Objective: 23-P2 Link both operating and capital expenditures |
18.
award:
4 out of
4.00 points
Exercise 23-18 Budgeted income statement L.O. P2
Zulu, |
Commissions |
10 |
% |
of |
|
Rent |
$ |
18,000 |
per |
|
Advertising |
14 |
% |
of |
|
Office |
$ |
71,000 |
per |
|
Depreciation |
$ |
55,000 |
per |
|
Interest |
14 |
% |
annually |
|
Tax |
30 |
% |
||
|
Prepare |
eBook LinkView Hint #1
Worksheet |
Difficulty: Medium |
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