亨格瑞管理会计英文第15版练习标准答案07Word文档下载推荐.docx

亨格瑞管理会计英文第15版练习标准答案07Word文档下载推荐.docx

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INTERNETEXERCISES

LO1:

Explainhowbudgetsfacilitateplanningandcoordination.

A1,B1

LO2:

Anticipatepossiblehumanrelationsproblemscausedbybudgets.

25

40

LO3:

Explainpotentiallydysfunctionalincentivesinthebudgetprocess.

22

39,40

LO4:

Explainthedifficultiesofsalesforecasting.

23

42

49

LO5:

Explainthemajorfeaturesandadvantagesofamasterbudget.

24,26

39

LO6:

Followtheprincipalstepsinpreparingamasterbudget.

29

43,45

LO7:

Preparetheoperatingbudgetandthesupportingschedules.

28,29,30,31

43,45,46,48

LO8:

Preparethefinancialbudget.

27,29,32,33,34,35

36,37,38

43,44,47,48

LO9:

Useaspreadsheettodevelopabudget（Appendix7）.

41,42

IntroductiontoBudgetsandPreparingtheMasterBudget

7-A1（60-90min.）

1.ExhibitI

RAPIDBUYELECTRONICS,INC.

MallofAmericaStore

BudgetedIncomeStatement

FortheThreeMonthsEndingAugust31,20X8

Sales$300,000

Costofgoodssold（.62×

$300,000）186,000

Grossprofit$114,000

Operatingexpenses:

Salaries,wages,commissions$60,000

Otherexpenses12,000

Depreciation1,500

Rent,taxesandotherfixedexpenses33,000106,500

Incomefromoperations.$7,500

Interestexpense*1,338

Netincome$6,162

*Seeschedulegforcalculationofinterest.

ExhibitII

CashBudget

JuneJulyAugust

Beginningcashbalance$5,800$5,600$5,079

Minimumcashbalancedesired5,0005,0005,000

（a）Availablecashbalance$800$600$79

Cashreceipts&

disbursements:

Collectionsfromcustomers

（scheduleb）$75,200$121,400$90,800

Paymentsformerchandise

（scheduled）（86,800）（49,600）（49,600）

Fixtures（purchasedinMay）（11,000）--

Paymentsforoperating

expenses（schedulef）（44,600）（30,200）（30,200）

（b）Netcashreceipts&

disbursements$（67,200）$41,600$11,000

Excess（deficiency）ofcashbefore

financing（a+b）（66,400）42,20011,079

Financing:

Borrowing,atbeginningofperiod$67,000$-$-

Repayment,atendofperiod-（41,000）（10,000）

Interest,10%perannum-（1,121）*（217）*

（c）Totalcashincrease（decrease）

fromfinancing$67,000$（42,121）$（10,217）

（d）Endingcashbalance（beginning

balance+b+c）$5,600$5,079$5,862

*Seescheduleg

ExhibitIII

BudgetedBalanceSheet

August31,20X8

AssetsLiabilitiesandOwners’Equity

Cash（ExhibitII）$5,862Accountspayable$37,200

Accountsreceivable*86,400Notespayable16,000**

Merchandiseinventory37,200Totalcurrentliabilities$53,200

Totalcurrentassets$129,462

Netfixedassets:

Owners'

equity:

$33,600less$102,200plusnet

depreciationof$1,50032,100incomeof$6,162108,362

Totalassets$161,562Totalequities$161,562

*Julysales,20%×

90%×

$80,000$14,400

Augustsales,100%×

$80,00072,000

Accountsreceivable$86,400

**Seescheduleg

JuneJulyAugustTotal

Schedulea:

SalesBudget

Creditsales（90%）$126,000$72,000$72,000$270,000

Cashsales（10%）14,0008,0008,00030,000

Totalsales（toExhibitI）$140,000$80,000$80,000$300,000

Scheduleb:

CashCollections

JuneJulyAugust

Cashsales$14,000$8,000$8,000

Onaccountsreceivablefrom:

Aprilsales10,800--

Maysales50,40012,600-

Junesales-100,80025,200

Julysales--57,600

Totalcollections（toExhibitII）$75,200$121,400$90,800

Schedulec:

PurchasesBudgetMayJuneJulyAugust

Desiredpurchases:

62%×

nextmonth'

ssales$86,800$49,600$49,600$37,200

Scheduled:

DisbursementsforPurchasesJuneJulyAugust

Lastmonth'

spurchases（toExhibitII）$86,800$49,600$49,600

Otherrequireditemsrelatedtopurchases

Accountspayable,August31,2008

（62%×

Septembersales-toExhibitIII）$37,200

Costofgoodssold（toExhibitI）$86,800$49,600$49,600

Schedulee:

OperatingExpenseBudget

Salaries,wages,commissions$28,000$16,000$16,000$60,000

OtherVariableexpenses5,6003,2003,20012,000

Fixedexpenses11,00011,00011,00033,000

Depreciation5005005001,500

Totaloperatingexpenses$45,100$30,700$30,700$106,500

Schedulef:

PaymentsforOperatingExpenses

JuneJulyAugust

Variableexpenses$33,600$19,200$19,200

Fixedexpenses11,00011,00011,000

Totalpaymentsforoperatingexpenses$44,600$