Calculate the Gross and the Net Operating Cycle for Vishal & Co. Ltd. using the following information. (Assume 360 days in a year). Amt. in Rs. Opening Balances Raw Material 200,000 WIP 60,000 Finished Goods 600,000 Debtors 250,000 Creditors 550,000 Closing Balances Raw Material 300,000 WIP 65,000 Finished Goods 725,000 Debtors 215,000 Creditors 575,000 Annual Purchase of Raw Material 3,200,000 Manufacturing Expenses 550,000 Selling & Distribution Costs 300,000 Sales 4, 480,000
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- Financial information pertaining to Alya Sdn Bhd (see the picture) Beginning cash balance is RM1,800,000 Sales are on credit and are collected 50 percent in the current period and the remainder in the next period. Last quarter’s sales were RM8,400,000. There are no bad debts. Purchases of direct materials and labor costs are paid for in the quarter acquired. Manufacturing overhead expenses are paid in the quarter incurred. Selling and administrative expenses are all fixed and are paid in the quarter incurred. They are budgeted at RM340,000 per quarter, including RM90,000 of depreciation. Required: prepare sales budget and thenrefer to the sales budget to Construct a cash budget for Alya Sdn Bhd for the quarter ending 30th September 2021.What is the average collection period for the year for company ERT ( show your work) Sales-$2,600(30% cash, 70% credit); Inventory-$700;Depreciation -$1,200; Plant & Equipment $3,000; Accounts Receivable - $245; Notes Payable- $155Viper Construction’s days sales outstanding is 50 days (on a 365-day basis). The company’s accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million. How much is the Annual Sales? A. Php 400,000,000B. Php 100,000,000C. Php 182,500,000D. Php 136,986,301E. Php 730,000,000
- Alya Sdn Bhd. manufactures and supplies granite pots and pans with glass lids to a company in Japan. The new manager, Rushdi, wants to monitor the quarterly budgets for the quarter ending 30th September 2021 to ensure the sales targeted can be executed as planned even with the current economic condition. The following information is available: Budgeted sales: POTS PANS 60,000 units @RM100 each 40,000 units @RM125 each Budgeted inventories: Ending Beginning 20,000 Pots 25,000 10,000 36,000 kg 32,000 kg Pans Direct material (Granite) Direct material (Glass) Direct material (Handles) 8,000 32,000 kg 29,000 kg 6,000 units 7,000 units Standard variable costs: POTS PANS Direct materials: 5kg @RM8.00 3kg@RM5.00 RM40.00 4kg @RM8.00 15.00 3kg@RM5.00 Granite RM32.00 Glass 15.00 Handles 1 @RM3.00 3.00 Total materials 58.00 47.00 Direct labour 2hours@RM12.00 24.00 3hours@RM16.00 48.00 Variable manufacturing overhead 2hours@RM1.50 3.00 3hours@RM1.50 4.50 Total 85.00 99.50 Variable manufacturing…Alya Sdn Bhd. manufactures and supplies granite pots and pans with glass lids to a company in Japan. The new manager, Rushdi, wants to monitor the quarterly budgets for the quarter ending 30th September 2021 to ensure the sales targeted can be executed as planned even with the current economic condition. The following information is available: Budgeted sales: POTS PANS 60,000 units @RM100 each 40,000 units @RM125 each Budgeted inventories: Ending Beginning 20,000 Pots 25,000 10,000 36,000 kg 32,000 kg Pans Direct material (Granite) Direct material (Glass) Direct material (Handles) 8,000 32,000 kg 29,000 kg 6,000 units 7,000 units Standard variable costs: POTS PANS Direct materials: 5kg @RM8.00 3kg@RM5.00 RM40.00 4kg @RM8.00 15.00 3kg@RM5.00 Granite RM32.00 Glass 15.00 Handles 1 @RM3.00 3.00 Total materials 58.00 47.00 Direct labour 2hours@RM12.00 24.00 3hours@RM16.00 48.00 Variable manufacturing overhead 2hours@RM1.50 3.00 3hours@RM1.50 4.50 Total 85.00 99.50 Variable manufacturing…Alya Sdn Bhd. manufactures and supplies granite pots and pans with glass lids to a company in Japan. The new manager, Rushdi, wants to monitor the quarterly budgets for the quarter ending 30th September 2021 to ensure the sales targeted can be executed as planned even with the current economic condition. The following information is available: Budgeted sales: POTS PANS 60,000 units @RM100 each 40,000 units @RM125 each Budgeted inventories: Ending Beginning 20,000 8,000 32,000 kg 29,000 kg 6,000 units Pots 25,000 Pans Direct material (Granite) Direct material (Glass) Direct material (Handles) 10,000 36,000 kg 32,000 kg 7,000 units Standard variable costs: POTS PANS Direct materials: RM40.00 4kg @RM8.00 15.00 3kg@RM5.00 Granite 5kg @RM8.00 3kg@RM5.00 RM32.00 Glass 15.00 Handles 1 @RM3.00 3.00 Total materials 58.00 47.00 Direct labour 2hours@RM12.00 24.00 3hours@RM16.00 48.00 Variable manufacturing overhead 2hours@RM1.50 3.00 3hours@RM1.50 4.50 Total 85.00 99.50 Variable manufacturing…
- Income tax was $200,000 for the year. Income tax payable was $20,000 at the beginning of the year and $30,000 at end of the year. Cash payments for income tax reported on the cash flow statement using the direct method is: A.$200,000 B.$220,000 C.$230,000 D.$190,000 Conversion costs are a.direct materials and factory overhead b.direct materials and indirect labor c.factory overhead and direct labor d.direct materials and direct laborAlexander Inc. makes basketballs. The results for the year were as follows: Basketballs Sales $450,000 Income $72,000 Asset base $300,000 Weighted average cost of capital 15% Required:Compute the following amounts for the company:SHOW ALL CALCULATIONS. ROUND EACH NUMBER TO TWO (2) DECIMAL PLACES. D. Turnover. E. Margin.1. Aboridor company had the following results last year: Sales, P700,000; Return on Investment, 28%; and profit margin of 8%. How much was the operating assets last year? 2. Jadafe makes all purchases on account, subject to the following payment pattern:Paid in the month of purchase .................. ..... 30%Paid in the first month following the purchase ....... 60%Paid in the second month following the purchase .. 10%If purchases for January, February and March were P200,000; P180,000; and P230,000,respectively, what were the firm’s budgeted payments in March? 3. Ariba Company Consists of two stores, Amina and Ramina. Store Amina has a sales of P80,000 during April,a contribution margin ratio of 30% and a segment margin of P11,000. The company as awhole had sales of P200,000, a contribution margin of 36%, segment margin for the twostores totalling P31,000. If the net income of the company was P15,000 for the month, whatmust have been the traceable fixed expenses in Store Ramina.
- Using the following information: a. Beginning cash balance on March 1, $82,000. b. Cash receipts from sales, $308,000. c. Cash payments for direct materials, $132,000. d. Cash payments for direct labor, $76,000. e. Cash payments for overhead, $40,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $200 (1% of beginning loan balance of $20,000) h. Cash repayment of loan, $20,000. Prepare a cash budget for March for Gado Company. Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity GADO COMPANY Cash Budget March 0 0 0Using the following Information: a. Beginning cash balance on March 1, $78,000. b. Cash receipts from sales, $305,000. c. Cash payments for direct materials, $138,000. d. Cash payments for direct labor, $70,000. e. Cash payments for overhead, $40,000. f. Cash payments for sales commissions, $8,000 g. Cash payments for Interest, $120 (1% of beginning loan balance of $12,000) h. Cash repayment of loan, $12,000. Prepare a cash budget for March for Gado Company. Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month GADO COMPANY Cash Budget MarchTulip Company provided the following information for the current year: Sales 9,500,000 Interest revenue 250,000 Gain sale of equipment Revaluation surplus during the year Share of profit of associate 100,000 1,200,000 350,000 Cost of goods sold 6,000,000 Finance cost 150,000 500,000 300,000 200,000 Distribution costs Administrative expenses Translation loss on foreign operation Income tax expense 950,000 11. What is the net income for the current year?