1. assume that coke budget for a 10% increase in sales over fiscal year 2019. what would budgeted salesbe for fiscal year 2020 ?(round 2 decimal places ) 2. Assume cokes cost of sales will be 65%of sales, whatis cokes budgeted cost of sales for 2020 ? (round 2 decimal places) 3. If coke wants ending inventory tobe 10% of the next periods budgeted cost of sales, and the 2021 cost of budgeted sales is $3,796, 080.79what will be 2020 budgetd endinding inventory be? 4. based on the previous calculations for the coke(in thousands, except per share data)Net salesCost of salesGross profitSelling, delivery and administrative expensesIncome from operationsInterest expense, netOther expense, netGain on exchange transactionsIncome (loss) before income taxesIncome tax expense (benefit)Net income (loss)3COCA-COLA CONSOLIDATED, INC.CONSOLIDATED STATEMENTS OF OPERATIONSLess: Net income attributable to noncontrolling interestNet income (loss) attributable to Coca-Cola Consolidated, Inc.Basic net income (loss) per share based on net income (loss)attributable to Coca-Cola Consolidated, Inc.:Common StockWeighted average number of Common Stock shares outstandingClass B Common StockWeighted average number of Class B Common Stock shares outstandingDiluted net income (loss) per share based on net income (loss)attributable to Coca-Cola Consolidated, Inc.:Common StockWeighted average number of Common Stock shares outstanding -assuming dilutionClass B Common StockWeighted average number of Class B Common Stock shares outstanding- assuming dilution$S20194,826,549 $3,156,0471,670,5021,489,748180,75445,990100,53934,22515,66518,5607,18511.375 S1.217,1411.212,2291.219,4171.192,276SSFiscal Year20184,625,364 $3,069,6521,555,7121,497,81057,90250,50630,85310,170(13,287)1,869(15,156)4,774(19.930) S(2.13) S7,141(2.13) S2,209(2.13) S9,350(2.13) S2,20920174,287,5882,782,7211,504,8671,403,320101,54741,8699,56512,89363,006(39,841)102,8476,31296,53510.357,14110.352,18810.309,36910.292,228

The sales budget makes the company competent to manage its resources effectively and earn the…

1. assume that coke budget for a 10% increase in sales over fiscal year 2019. what would budgeted sales be for fiscal year 2020 ?(round 2 decimal places ) 2. Assume cokes cost of sales will be 65%of sales, what is cokes budgeted cost of sales for 2020 ? (round 2 decimal places ) 3. If coke wants ending inventory to be 10% of the next periods budgeted cost of sales, and the 2021 cost of budgeted sales is $3,796, 080.79 what will be 2020 budgetd endinding inventory be? 4. based on the previous calculations for the coke

1. assume that coke budget for a 10% increase in sales over fiscal year 2019. what would budgeted sales be for fiscal year 2020 ?(round 2 decimal places ) 2. Assume cokes cost of sales will be 65%of sales, what is cokes budgeted cost of sales for 2020 ? (round 2 decimal places ) 3. If coke wants ending inventory to be 10% of the next periods budgeted cost of sales, and the 2021 cost of budgeted sales is $3,796, 080.79 what will be 2020 budgetd endinding inventory be? 4. based on the previous calculations for the coke

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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COCA-COLA CONSOLIDATED, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Net sales Cost of sales Gross profit Selling, delivery and administrative expenses Income from operations Interest expense, net Other expense, net Gain on exchange transactions Income (loss) before income taxes Income tax expense (benefit) Net income (loss) Less: Net income attributable to noncontrolling interest Net income (loss) attributable to Coca-Cola Consolidated, Inc. Basic net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.: Common Stock Weighted average number of Common Stock shares outstanding Class B Common Stock Weighted average number of Class B Common Stock shares outstanding Diluted net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.: Common Stock Weighted average number of Common Stock shares outstanding - assuming dilution Class B Common Stock Weighted average number of…
Mazoon Company is in the period of budgeting for 2022. The Sales manager forecasted the number of units to be sold as 35000 units and determined the selling price as 28 OMR per unit. According to these estimates, which of the following is Sales (OMR)? Select one: O a. The correct answer not available O b. 1112500 OMR O c. 980000 OMR O d. 890000 OMR O e. 9780000 OMR
1. WFU Corporation expects the unit sales of Product MSA to increase by 10%, while Product MA will increase by 5% of last year's sales. The company will increase the price of Product MSA by $10, while Product MA will remain the same. Prepare the budgeted revenue for the upcoming year, 20Y6 with the information below for 20Y5. Product MSA Product MA 2. WFU Corporation has a desired ending inventory of 5% of the upcoming year's sales for each year. In 20Y7, the company expects to sell 20,000 of Product MSA and 12,000 of Product MA. Prepare the company's production budget for 2016. 3. Each finished good of Product MSA and Product MA requires two materials, Product M and Product A, which are measured in pounds. Product M costs $7.50 per pound, and Product A costs $5.00 per pound. The required pounds of material per finished good and beginning and ending inventories are shown. Prepare the 20Y6 direct materials purchases budget. Product MSA Product MA Beginning inventory Ending inventory…
Mazoon Company is in the period of budgeting for 2022. The Sales manager forecasted the number of units to be sold as 35000 units and determined the selling price as 28 OMR per unit. The management revised these estimates with a 25 % increase in selling price and with a 15 % decrease in the number of units sold. According to these estimates, which of the following is revised Sales (OMR)? Select one: O a. 920000 O b. 9780000 c. 1112500 O d. 1041250 Next page Previous page II
Prepare for Ending Finish Goods Inventory Based on the budgeted sales and Enzo’s policy to have enough inventories at the end of the quarter is equal to 35% of the next quarter's budgeted sales. Assume that the budgeted sales for the first quarter of year 2024 are 3,000 units of XY, and 4,700 units of AB
Jarziz Company is in the period of budgeting for 2022. The Sales manager forecasted the number of units to be sold as 25000 units and determined the selling price as 40 OMR per unit. The management revised these estimates with a 20 % increase in selling price and with a 25 % decrease in the number of units sold. According to these estimates, which of the following is revised Sales (OMR)? Select one: O a. 1.010.000 O b. 1,150,000 O c. 980,000 O d. 900,000 Next page search
(J) please answer ASap... Question 1 The following table presents selected information for Superior Flooring's monthly production budgets for the coming year. Superior's inventory policy is to have ending inventory equal to 10% of the next month's sales. What is the beginning inventory in June? A. 350 B. 310 C. 250 D. 340 Question 2 Which of the following statements is true? A. A budget reconciliation report shows the difference between actual profit and budgeted profit and does not show the other variances. B. Activity-based costing is not used to evaluate customer profitability. C. Sales quantity (budgeted sales volume vs. actual sales volume) is the only item which differs between the master budget and the flexible budget. D. Comparing the flexible budget to the as-if budget isolates a change in input price (e.g. budgeted input price vs. actual input price). Question 3 Which of the following is not a benefit of budgeting? A. It reduces the need for analysis with regard to company…
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Using the table below, prepare the Merchandise Purchases Budget of C Company for June 30, 2019. The budgeted sales will be ₱300,000 in June and ₱320,000 inJuly. Cost of goods sold is 70% of sales. The desired ending inventory is 30% of the followingmonth's cost of goods sold.
A. In May 2020, the budget committee of Alia, Inc. assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. Expected sales: June $750,000, July $900,000o. 2. Cost of goods sold is expected to be 80% of sales. 3. Desired ending merchandise inventory is 40% of the following (next) month's cost of goods sold. 4. The beginning inventory on June 1 will be the desired amount. Instructions (a) Compute the budgeted merchandise purchases for June. (b) Prepare the budgeted income statement for June through gross profit.