Solve 5 questions with with steps and reason. The subject is Managerial Accounting. 3. Majan Company expects sales of Product G to be 30,000units in April, 40,000 units in May and 50,000 units inJune. The company desires that the inventory on hand atthe end of each month be equal to 30% of the nextmonth's expected unit sales. Due to excessive productionduring March, on March 31 there were 20,000 units ofProduct G in the ending inventory. Majan Company'sproduction of Product G for the month of May shouldbe:A. 25,000 unitsB. 30,000 unitsC. 35,000 unitsD. 33,000 units4. Al Maha Company makes collections on sales accordingto the following schedule:10% in the month of sale50% in the month following sale40% in the second month following saleThe following sales are expected:Expected SalesJanuaryFebruary$80,000$100,000March$120,000Cash collections in March should be budgeted to be:A. $113,000B. $90,000C. $94,000D. $96,0005. Which of the following is not a benefit of budgeting?A. It sets some standards to evaluate performance.B. It uncovers drawbacks of department performanceC. It reduces the need to track the actual cost activity.D. It formalizes a manager's planning efforts. 1. Muscat Inc. is working on its cash budget for December.The budgeted beginning cash balance is $10,000.Budgeted cash receipts total $80,000 and budgeted cashdisbursements total $75,000. The desired ending cashbalance is $40,000. To attain its desired ending cashbalance for December, the company needs to borrow:B\A. $0B. $25,000C. $35,000D. $40,0002. Al Nebras Company has budgeted production for nextyear as follows:1" YearQI Q2Q3Q4Production in Units 30,000 40,000 50,000 60,000Four pounds of material X are required for each unitproduced. The company has a policy of maintaining a stockof material X on hand at the end of each quarter equal to20% of the next quarter's production needs for material X.A total of 8,000 pounds of material X are on hand to startthe year. Budgeted purchases of material A for the thirdquarter would be:A. 52,000 poundsВ. 192,000 рoundsC. 208,000 poundsD. 216,000 pounds

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1. Muscat Inc. is working on its cash budget for December. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $80,000 and budgeted cash disbursements total $75,000. The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow:

1. Muscat Inc. is working on its cash budget for December. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $80,000 and budgeted cash disbursements total $75,000. The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow:

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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