Pro Forma Finanacial Statements- HW multiple choice questions

Aug 6th, 2015
Price: $5 USD

Question description

Please show work and double-check to make sure that it's the correct answer. I only get once chance to submit answer. Thanks!! 

3. (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? (Points : 4)

5,000 (a)

6,400 (b)

7,800 (c)

12,800 (d)

4. (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? (Points : 4)

350,000 pounds (a)

560,000 pounds (b)

280,000 pounds (c)

490,000 pounds (d)

5. (TCO 7) XYZ Company expects the following sales and collection pattern for the first four months of the year:


Cash Sales

Credit Sales

Total Sales

















 -5% of credit sales are collected in the same month-75% of sales are collected in the following month-15% of sales are collected in the second following month
What are the projected cash collections for the month of March? (Points : 4)

$17,250 (a)

$21,200 (b)

$30,200 (c)

$41,200 (d)

Tutor Answer

(Top Tutor) hinanoureen
School: Purdue University

Studypool has helped 1,244,100 students

Review from student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors