Solution-How much cash does dix expect to collect in april

How much cash does dix expect to collect in april

Assignment Help Managerial Accounting

Reference no: EM132624807

Question 1: A tight budget may create ______. Why?

a. budgetary slack

b. discouragement

c. a flexible budget

d. a "spend it or lose it" mentality.

Question 2: The first step of the budget process is ______. Why?

a. plan

b. direct

c. control

d. feedback

Question 3: Static budgets are often by ______. Why?

a. production departments

b. administrative departments

c. responsibility centers

d. capital projects

Question 4: The total estimated sales for the coming year is 250,000 units. the estimated inventory at the beginning of the year is 22,500 units, and the desired inventory at the end of the year is 30,000 units. The total production indicated in the production budget is _____. Show your solution.

Question 5: Dix Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. Dix historically collects 70% of its sales in the month of sales and 30% in the following month. How much cash does Dix expect to collect in April? Show your solution.

Reference no: EM132624807

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How much cash does dix expect to collect in april

Reference no: EM132624807

Reference no: EM132624807

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