Calculate the production budget (in unit) for the 1st quarter 2022 (1st January to 31st March 2022).
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Gxsport is a small business manufactures sportswear focusing on tracksuits. Gxsport
perform very well in 2021 with yearly sales amounting to RM630,000, equivalent to 12,600
pieces sold. For the 1st quarter of 2022, the sales are predicted to increase by 7% as
compared to 2021’s sales due to the raised of awareness for a healthy lifestyle.
The price of the tracksuit is RM50 per piece. The labour rate is RM7 per hour and each
piece of tracksuit requires 0.4 hours to make. Manufacturing overheads are charges at
RM1.50 per piece. The inventory is expected to have a balance of 500 pieces of tracksuits
as at 1st January 2022 and increase by 10% as at 31st March 2022.
Calculate the production budget (in unit) for the 1st quarter 2022 (1st January to 31st March
2022).
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- 1. Gxsport is a small business manufactures sportswear focusing on tracksuits. Gxsportperform very well in 2021 with yearly sales amounting to RM630,000, equivalent to 12,600pieces sold. For the 1st quarter of 2022, the sales are predicted to increase by 7% ascompared to 2021’s sales due to the raised of awareness for a healthy lifestyle.The price of the tracksuit is RM50 per piece. The labour rate is RM7 per hour and eachpiece of tracksuit requires 0.4 hours to make. Manufacturing overheads are charges atRM1.50 per piece. The inventory is expected to have a balance of 500 pieces of tracksuitsas at 1st January 2022 and increase by 10% as at 31st March 2022. 1. Calculate the production budget (in unit) for the 1st quarter 2022 (1st January to 31st March2022).ZNet Co. is a web-based retail company. The company reports the following for the past year. The company’s CEO believes that sales for next year will increase by 20% and both profit margin (%) and the level of average invested assets will be the same as for the past year. 1. Compute return on investment for the past year. 2. Compute profit margin for the past year. 3. If the CEO’s forecast is correct, what will return on investment equal for next year? 4. If the CEO’s forecast is correct, what will investment turnover equal for next year? Sales . $5,000,000 Operating income . $1,000,000 Average invested assets . $12,500,000Which is not an example of a well stated financial objective? Increase sales by 10% this year Reduce costs of good sold for next product launch in January 2022 Double our gross margin % by end of the year. Deliver 15% earnings growth in the 4th quarter of 2021
- You have a tea stall in operation at Dhanmondi lake since 2018. Information of your business in 2019 are as follows: Selling price was BDT 10 per cup Average Sales volume was 35 cup per day Annual sales growth was 12% Price increases by 20% every year Monthly average selling and administration cost of the stall was: Police Commission = BDT 500/month Rent = BDT 1,000/month Utility = BDT 200/month Depreciation = BDT 60/month During a normal situation, the following growth has been observed: Raw material cost increases by 10% every year Labor cost increases by 8% every year MOH cost increases by 12% every year Selling and administration cost increases by 4% every year Make a Master Budget (Sales/Production/RM/Labor/MOH/Selling & Administrative/Cash budget) for the year 2020 (PCORONA virus year ) and another Master Budget for the year 2021 (year of new normal). You need to calculate your own production cost (raw material cost + labor cost + MOH cost) and opening/closing inventory. Show…The Simpson Corporation has gathered information regarding past sales of custom t-shirts. Year Sales 2013 $225,000 2014 $193,000 2015 $248,000 2016 $360,000 2017 $340,000 2018 $295,000 2019 $310,000 Answer the following questions. Predict the sales for 2020 using the moving average method. You noticed a sudden jump in sales for 2016. After inquiring about this jump, you were notified by your manager about a one-time special order sale for $60,000 in that year that is not likely to be repeated. What revision, if any, would you make in the sales information used for projection? If you revised your historical sales to be used to project 2020 sales, please recalculate your projection using the moving average method. Which projection (Question 1 or Question 3) do you feel is more representative of the Simpson Corporation's historical sales? Why?You have a tea stall in operation at Ramna park since 2015. Information of your business in 2018 are as follows: Selling price was BDT 10 per cup Average Sales volume was 35 cup per day Annual sales growth was 12% Price increases by 20% every year Monthly average selling and administration cost of the stall was: Police Commission = BDT 500/month Rent = BDT 1,000/month Utility = BDT 200/month Depreciation = BDT 60/month During a normal situation, the following growth has been observed: Raw material cost increases by 10% every year Labor cost increases by 8% every year MOH cost increases by 12% every year Selling and administration cost increases by 4% every year Make a Master Budget (Sales/Production/RM/Labor/MOH/Selling & Administrative/Cash budget) for the year 2019 (Pre CORONA virus year ) and another Master Budget for the year 2020 (CORONA virus year). You need to calculate your own production cost (raw…
- The Best Appliances had the following revenue over the past five Wars, To predict revenues for 2018, The Best Appliances uses the average for the Past five years. The company’s breakeven revenue is $800,000 per year. What is The Best Appliance’s predicted margin of safety in dollars for 2018? $800,000 $0 $200,000 $100,000It is January 1st, 2014 and Oscar D’Souza has decided to start a new business. He wants to forecast the first year’s Income Statement and Balance sheet. He believes the assumptions below are reasonable – and wants you to assist him by creating the forecasted statements. You agree. Please construct an Income Statement and Balance Sheet from the information provided below. First year sales will total $100,000 Gross margins will be 50% Operating margins will be 20% Accounts Receivables will be about 15% of sales Inventory will be 12% of sales Accounts Payable will be 5% of sales Accrued expenses payable will be 7% of sales The Bank of Connecticut will provide a loan of $30,000. The annual interest will be 8%, compounded annually. Interest only payments are needed – until the loan is due in 5 years, where a balloon payment for the full balance must be paid. The combined federal and provincial tax rates will be 30% Capital equipment purchases will be made at the start of the year.…The Martins know that setting up some projected Income Statements are important. They need to look at what the first year of operations might look like and if possible they will need to look at the years thereafter to get an impression of what the long term might look like. RM Purchases: $132,000* (Raw Material Purchases is a part of COGS) Sales Salaries: 80,000 Advertising: 3,000 Travel: 2,000 Revenue: 360,000 Financing Costs: 10,000 Office Lease: 13,000 Depreciation: 38,000 Income Taxes: 22,000 Admin Salary: 40,000 A second financial statement that is key to understanding a business is the Balance Sheet. The Martins have estimated the following accounts to be a part of their initial Balance Sheet. Trade Receivables: $35,000 Cash: 15,000 Short Term Loan: 30,000 Share Capital: 100,000 Long Term Liabilities: 60,000 Property, Plant:…
- a) Parisian Win dow Ltd. is a new business that has just booked €140,000 in sales in its first year of trading. The managers expect that they will achieve 25 percent sales growth per year. What will their expected sales in Years 2, 3, and 4 be? b) You have just introduced "must-have" headphones for the iPod. Sales of the new product are expected to be 10,000 units this year and to increase by 15 percent per year in the future. What are expected sales during each of the next three years? Graph this sales trend, and explain why the number of additional units sold increases every year. USE EXCEL TO WORK THIS OUT AND SHOW THE FORMULA!Technology Inc. expects to have the following data during the coming year. What is Hernandez's expected ROE? Also, discuss the importance of the ROE to a company and to shareholders. $200,000 Interest rate 65% Tax rate Assets 8% D/A 40% EBIT $25,000Calico Restaurants is planning to create a new online meals-to-order service and has estimated that creating it will have the following effects on its operations: a. Annual revenues will increase from $800,000/year to $1,300,000/year, for the next 3 years. b. While the restaurant earns an EBITDA margin (EBITDA as percent of sales) of 30% currently, it expects to earn an EBITDA margin of 40% on just its incremental online sales. c. The tax rate is 20% and the appropriate cost of capital for online restaurant businesses is 12%. Assuming that there will be an initial cost of $450,000 for creating the service, which will be depreciated straight line over 3 years to a salvage value of zero, estimate the NPV for the investment. a. 112,365 b. 9,865 C. -2,354 d. 6,348