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The primary objective of recruitment is to make sure that the organization is in compliance with federal laws.

On Sep 24, 2024


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YM

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Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows:
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows:    Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April.All units are sold on account for $16 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $520,000 ($100,000 from February's sales and $420,000 from March's sales).Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation.b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April.All units are sold on account for $16 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $520,000 ($100,000 from February's sales and $420,000 from March's sales).Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation.b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.

On Sep 22, 2024


a.
a.    Cash disbursements:    *Payments relating to the prior month (March) in April represent the balance of accounts payable at March 31.b.    Cash receipts:    * $420,000 = 0.40 × March salesMarch sales = $420,000 ÷ 0.40 = $1,050,000March sales collected in April = 0.30 × $1,050,000 = $315,000March sales collected in May = 0.10 × $1,050,000 = $105,000** 0.60 × $880,000; 0.30 × $880,000; 0.10 × $880,000*** 0.60 × $720,000; 0.30 × $720,000**** 0.60 × $1,040,000 Cash disbursements:
a.    Cash disbursements:    *Payments relating to the prior month (March) in April represent the balance of accounts payable at March 31.b.    Cash receipts:    * $420,000 = 0.40 × March salesMarch sales = $420,000 ÷ 0.40 = $1,050,000March sales collected in April = 0.30 × $1,050,000 = $315,000March sales collected in May = 0.10 × $1,050,000 = $105,000** 0.60 × $880,000; 0.30 × $880,000; 0.10 × $880,000*** 0.60 × $720,000; 0.30 × $720,000**** 0.60 × $1,040,000 *Payments relating to the prior month (March) in April represent the balance of accounts payable at March 31.b.
a.    Cash disbursements:    *Payments relating to the prior month (March) in April represent the balance of accounts payable at March 31.b.    Cash receipts:    * $420,000 = 0.40 × March salesMarch sales = $420,000 ÷ 0.40 = $1,050,000March sales collected in April = 0.30 × $1,050,000 = $315,000March sales collected in May = 0.10 × $1,050,000 = $105,000** 0.60 × $880,000; 0.30 × $880,000; 0.10 × $880,000*** 0.60 × $720,000; 0.30 × $720,000**** 0.60 × $1,040,000 Cash receipts:
a.    Cash disbursements:    *Payments relating to the prior month (March) in April represent the balance of accounts payable at March 31.b.    Cash receipts:    * $420,000 = 0.40 × March salesMarch sales = $420,000 ÷ 0.40 = $1,050,000March sales collected in April = 0.30 × $1,050,000 = $315,000March sales collected in May = 0.10 × $1,050,000 = $105,000** 0.60 × $880,000; 0.30 × $880,000; 0.10 × $880,000*** 0.60 × $720,000; 0.30 × $720,000**** 0.60 × $1,040,000 * $420,000 = 0.40 × March salesMarch sales = $420,000 ÷ 0.40 = $1,050,000March sales collected in April = 0.30 × $1,050,000 = $315,000March sales collected in May = 0.10 × $1,050,000 = $105,000** 0.60 × $880,000; 0.30 × $880,000; 0.10 × $880,000*** 0.60 × $720,000; 0.30 × $720,000**** 0.60 × $1,040,000