Each bag produced requires 4 feet of leather, 9 feet of nylon, 3 gold buckles, and 3.5 hours of direct labor. Currently you are paying your assembly workers $17 / hour (all wages are paid in the quarter they are incurred). In order to meet the following month’s demand, Tandy desires to keep 45% of the next month’s sales in Finished Goods Inventory. Tandy is forecasting sales in April, 2019 of 1,285 bags. Additionally, they also keep 30% of next month’s production needs in raw materials inventory. Tandy anticipates production of 1,255 units in April, 2019. Tandy has signed contracts with their suppliers to purchase leather at $4 a foot and buckles at $5 per buckle for the following year. Their policy is to pay for 75% of raw materials at the time of purchase and the remaining 25% in the following month. Tandy incurred $ 58,000 ($35,000 of leather, $15,000 of nylon, and $8,000 of buckles) of total materials purchases in December of 2018.Selling, General, and Administrative Expenses
Tandy anticipates the following expenses for January through March (all expenses are fixed and stated in the aggregate for all three months):
Sales & Delivery $ 12,500
Executive’s Salaries $ 44,100
Advertising Expenses $ 5,500
Mortgage Payments $ 7,500
Utilities on Admin offices $ 4,500
Required
Please complete the entire operational budget using Microsoft Excel
What is the projected ending cash balance in March?
Answers: 2
Business, 22.06.2019 07:10
In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.
Answers: 2
Business, 22.06.2019 11:00
Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
Answers: 1
Business, 22.06.2019 20:20
This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.
Answers: 2
Business, 23.06.2019 02:00
When the two countries did not specialize, the total production of jeans was 23 million pairs per month, and the total production of corn was 68 million bushels per month. because of specialization, the total production of jeans has increased by million pairs per month, and the total production of corn has increased by million bushels per month. because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade?
Answers: 1
Each bag produced requires 4 feet of leather, 9 feet of nylon, 3 gold buckles, and 3.5 hours of dire...
Mathematics, 28.01.2020 01:31
Mathematics, 28.01.2020 01:31
Mathematics, 28.01.2020 01:31
History, 28.01.2020 01:31
Mathematics, 28.01.2020 01:31
Mathematics, 28.01.2020 01:31
Biology, 28.01.2020 01:31