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FinMan Homework

This document contains 13 multiple choice questions related to financial planning and calculations involving sales, production, inventory, collections, purchases and cash flow. The questions require calculating values like accounts receivable, planned production amounts, total collections and disbursements based on given sales, inventory, purchase and cash flow figures.

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Maria Kathreena Andrea Adeva
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46 views6 pages

FinMan Homework

This document contains 13 multiple choice questions related to financial planning and calculations involving sales, production, inventory, collections, purchases and cash flow. The questions require calculating values like accounts receivable, planned production amounts, total collections and disbursements based on given sales, inventory, purchase and cash flow figures.

Uploaded by

Maria Kathreena Andrea Adeva
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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ADEVA, MARIA KATHREENA ANDREA H.

BSA 2-11

Chapter 7: Financial Planning


MC Problems:

1 D. 140,000
Accounts Receivable from April sales
Divide by:
Total sales for April

2 B. March sales are budgeted at 10,000 units less than April sales
March sales 30,000 / 30%
April sales 33,000 / 30%
Change in budgeted sales

3 C. 9,000 units
May June
Sales 5,000 4,000
Ending inventory 1,600 3,600
Total 6,600 7,600
Less: beginning inventory 2,000 1,600
Production 4,600 6,000

Sales, July: 3,600 / 40% = 9,000

4 B. 4,250 units
Production:
Direct labor cost 136,500
Divide by DL cost per table 39
Add: Beginning inventory (from June sales) 3,000 x 40%
Total
Less: Planned Sales, June
Ending inventory, July
Divide by
Sales for July

5 D. 25,700 units
Budgeted sales for February
Ending inventory (from March sales) 32,000 x 10%
Total
Less: Beginning inventory (from February) 25,000 x 10%
Production for February
6 B. 163,800
Planned sales, May
Add: Ending inventory (from June sales) 3,000 x 40%
Total
Less: Beginning inventory (from May sales) 5,000 x 40%
Production
Hours required per unit
Total hours used
Rate per hour
Direct labor cost

7 C. 148.600
Sales from:
April ( 21,000 / 15% ) x 14%
May ( 48,000 / 30% ) x 15%
June 150,000 x 70%
Total Collection

8 A. 1,090,000
Beginning cash balance
Add:
Collections 1,000,000
Borrowings 70,000
Total cash available
Less: Ending cash balance
Disbursements

9 D. 100,000
April 1 cash balance
Collections
Total available
Less: Disbursements
Deficiency
Required minimum balance
Required borrowing
Increments
Total

10 A. 14,250
Sales from:
July 25,000 x 25%
August 10,000 x 50%
September 15,000 x 20%
Total collection from customers in September

11 B. 4,600
Purchases:
September 5,000 x 60%
October 4,000 x 40%
Total disbursed to suppliers in October

12 D. 4,400
Purchases:
October 4,000 x 60%
November 5,000 x 40%
Total disbursed to suppliers in November

13 C. 16,290
Sales from:
November 15,000 x 40%
December 17,500 x 60% x 98%
Total collection from customers in December
21,000
15%
140,000

100,000
110,000
10,000

(prior month)

3,500
1,200
4,700
3,000
1,700
40%
4,250

25,000
3,200
28,200
-2,500
25,700
5,000
1,200
6,200
2,000
4,200
3
12,600
13
163,800

19,600
24,000
105,000
148,600

50,000

1,070,000
1,120,000
30,000
1,090,000

23,000
876,000
899,000
978,000
79,000
20,000
99,000
1,000
100,000

6,250
5,000
3,000
14,250

3,000
1,600
4,600

2,400
2,000
4,400

6,000
10,290
16,290

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