projector 1 assignment 1 - Questions.docx Open with Google Docs 9-2. You are the manager of Forest Products Inc. On January 1, you expect the following balances Cash on hand $ 9,000 Accounts receivable 100,000 (75,000 from December, 25000 from November) Inventory 40.000 Prepayments & deposits 1.000 Total current assets $150.000 Current trade abilities $ 75,000 Expected sales revenue for January $180.000 Expected cost of goods sold for January $120.000 Expected expenses for January $10,000 During January you expect to receive All the $25,000 outstanding from November $50,000 of the amount outstanding from December 50% of January's sales revenue (the remainder being sold on credit) During January you expect to pay: $75,000 current trade liabilities Inventory bought in January will be paid for in February All the expenses, except $1,000 of depreciation and $200 expiration of prepayments Page + Required . . hun 20 O 8:45 AM 2010-05 10-6. You are given the following information for the Face Care Products Division of Cygnet Inc.: Cygnet Inc. Face-Care Products Budgetary Control Report of January (5 millions) Details Budget Actual Total Face Care Product Market $10,000 $12,500 Market share 5% 4% Sales revenue $500 $500 Variable costs Raw materials $ 80 $ 95 Direct labour 150 150 Overhead 50 45 Marketing 20 $300 10 $300 Fixed costs Production $ 50 45 Marketing & administration 10 60 50 Total costs $360 $350 Operating income $140 $150 5 Required Page 3 / 6 - Q+ o D do 9 0 projector 1 assignment 1 - Questions.docx Open with Google Docs 9-2. You are the manager of Forest Products Inc. On January 1, you expect the following balances Cash on hand $ 9,000 Accounts receivable 100,000 (75,000 from December, 25000 from November) Inventory 40.000 Prepayments & deposits 1.000 Total current assets $150.000 Current trade abilities $ 75,000 Expected sales revenue for January $180.000 Expected cost of goods sold for January $120.000 Expected expenses for January $10,000 During January you expect to receive All the $25,000 outstanding from November $50,000 of the amount outstanding from December 50% of January's sales revenue (the remainder being sold on credit) During January you expect to pay: $75,000 current trade liabilities Inventory bought in January will be paid for in February All the expenses, except $1,000 of depreciation and $200 expiration of prepayments Page + Required . . hun 20 O 8:45 AM 2010-05 10-6. You are given the following information for the Face Care Products Division of Cygnet Inc.: Cygnet Inc. Face-Care Products Budgetary Control Report of January (5 millions) Details Budget Actual Total Face Care Product Market $10,000 $12,500 Market share 5% 4% Sales revenue $500 $500 Variable costs Raw materials $ 80 $ 95 Direct labour 150 150 Overhead 50 45 Marketing 20 $300 10 $300 Fixed costs Production $ 50 45 Marketing & administration 10 60 50 Total costs $360 $350 Operating income $140 $150 5 Required Page 3 / 6 - Q+ o D do 9 0