Reference no: EM132344467
Question
1. Adelphi Company has budgeted activity for March to reflect net income $120,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $9,000 payables to increase (decrease -) by $13,000 and Depreciation Expense is $48,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)
2. During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $10.00 per unit, fixed costs of $100,000, and net income of $30,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)
3. Towson Company manufactures book cases, and each requires 38 board feet of lumber. Towson expects that 1,800 and 2,050 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 45% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)
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