亨格瑞管理会计英文第15版练习答案07(3)

查尔斯亨格瑞管理会计英文版第15版北京大学出版社练习答案07

Accurate sales forecasts are essential to budgeting. Sales personnel are often “closest to the action” and therefore in the best position to make accurate forecasts. They are in direct contact with customers, and often they are the first to notice trends. A

central staff function, such as market research, can set parameters for forecasting and give some common ground rules. But usually it is important to get sales personnel heavily involved because they have information that no one else has. Most importantly, the more involved sales personnel are, the more committed they will be to achieving budgeted sales goals.

The planning that comes through a good budget process is important to all segments of an organization. Segments with both revenues and expenses can show a budgeted profit. Other segments that have only expenses, such as a research and

development department, still have to plan their operations. It is important to predict the resources needed to meet the segment’s objectives so that required resources can be

obtained. Budgeting provides a formal channel for communication between the segment and top management about what activities the segment is to undertake.

A key to employee acceptance of a budget is participation. Budgets created with the active participation of all affected employees are generally more effective than

budgets imposed on subordinates. If a budget is to help direct future activities, employees must accept the budget. Acceptance means believing that the budget reflects a desired future path for the organization. If a manager has been a participant in determining the future path – that is, helped develop the budget – he or she is more likely to accept it as a desirable objective.

(5 min.)

1. a. Capital budget 2. Sales budget (or operating budget) b. Cash budget 3. Continuous (rolling) c. Budgeted balance sheet 4. Overall goals of the organization

(10-15 min.)

Music Masters will be using cash until the beginning of 2010, at which time cash receipts will begin to exceed cash disbursements. Therefore, the following amount of venture capital is needed to carry the firm to the beginning of 2010: Initial capital investment $380,000 First year cash outflow (12 × $35,000) 420,000 Second year cash outflow [12 × ($35,000 - $30,000)] Total

查尔斯亨格瑞管理会计英文版第15版北京大学出版社练习答案07

1.

(10-15 min.)

Cost + (.25 × Cost) = Sales

1.25 × Cost = $2,100,000

Cost = $1,680,000

2.

Use the familiar identity, Beginning Inventory plus Purchases equals Cost of Goods Sold plus Ending Inventory. To compute required purchases, compute the inventory needed (Cost of Goods Sold plus Ending Inventory) and then subtract the amount that will come from Beginning Inventory:

$1,760,000 $2,326,400

Cost of goods sold ($2,200,000 1.25) Add: Target ending inventory .30 × ($2,360,000 1.25) Cost of goods needed Less: Beginning inventory .30 × ($2,200,000 1.25) Required Purchases

(25-30 min.)

1. July collections include: May sales billed June 5, .18 × .5 × $700,000 June sales billed June 20, .18 × .5 × $800,000 June sales billed July 5, .80 × .5 × $800,000 × .97 July sales billed July 20, .80 × .5 × $950,000 × .97 Total

$ 63,000

72,000 310,400 2. .60 × .25 × $800,000 = $120,000

3.

Ending inventory, .60 × .25 × $950,000

Merchandise needed for current month's sales, .60 × $800,000 Total needs

Beginning inventory, .60 × .25 × $800,000 Required Purchases

$142,500 622,500 $135,000 705,000

$ 90,000 630,000 4.

Ending inventory, .60 × .25 × next month's sales Merchandise needed for current month's sales, .60 × sales Total needs

Beginning inventory, .60 × .25 × current month's sales Required Purchases

Payments, 1/2 of current purchases, 1/2 of preceding month's purchases, .5 × $562,500 + .5 × $495,000

查尔斯亨格瑞管理会计英文版第15版北京大学出版社练习答案07

(15 min.) This illustration is straightforward and follows the chapter example closely. All amounts are in dollars. Credit sales, 30% 129,000 132,000 150,000 Cash sales, 70% Total sales, 100% Cash sales this month 301,000 308,000 350,000

100% of last month's credit sales Total collections (15-25 min.) This problem is slightly more complex than 7-30. All amounts are in thousands of Japanese yen. Credit sales, 80% 160,000 176,000 192,000 Cash sales, 20% Total sales Cash sales this month 40,000 44,000 48,000 50% of this month's credit sales 80,000 88,000 96,000 40% of last month's credit sales 62,400 64,000 70,400 10% of next-to-last month's credit sales Total collections

(10-15 min.)

Collections from: January sales: $360,000 × 12% $ 43,200 February sales: $400,000 × 10% × 99% 39,600 February sales: $400,000 × 25% 100,000 March sales: $450,000 × 50% × 98% Total cash collections

查尔斯亨格瑞管理会计英文版第15版北京大学出版社练习答案07

chapter. All amounts are in dollars. Some students need to be reminded that merchandise inventories are carried at cost, not at selling prices.

RENOVATION LIGHTING SUPPLY Purchases and Disbursements Budgets

Ending inventory 220,000 200,000 Cost of goods sold, 60% of sales Total needed 484,000 410,000 Beginning inventory Purchases

10% of this month's purchases 20,900 19,000 80% of last month's purcha …… 此处隐藏：4884字，全部文档内容请下载后查看。喜欢就下载吧 ……