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

1、 INTERNET EXERCISESLO1: Explain how budgets facilitate planning and coordination.A1,B1LO2: Anticipate possible human relations problems caused by budgets.2540LO3: Explain potentially dysfunctional incentives in the budget process.2239, 40LO4: Explain the difficulties of sales forecasting.234249LO5:

2、Explain the major features and advantages of a master budget.24,2639LO6: Follow the principal steps in preparing a master budget.2943,45LO7: Prepare the operating budget and the supporting schedules.28,29,30,3143,45,46,48LO8: Prepare the financial budget.27,29,32,33, 34,3536,37,3843,44,47,48LO9: Use

3、 a spreadsheet to develop a budget （Appendix 7）.41,42Introduction to Budgets and Preparing the Master Budget 7-A1 （60-90 min.） 1. Exhibit IRAPIDBUY ELECTRONICS, INC.Mall of America StoreBudgeted Income StatementFor the Three Months Ending August 31, 20X8Sales $300,000Cost of goods sold （.62 $300,000

4、） 186,000Gross profit $114,000Operating expenses: Salaries, wages, commissions $60,000 Other expenses 12,000 Depreciation 1,500 Rent, taxes and other fixed expenses 33,000 106,500Income from operations. $ 7,500Interest expense* 1,338Net income $ 6,162 * See schedule g for calculation of interest. Ex

5、hibit IICash Budget June July August Beginning cash balance $ 5,800 $ 5,600 $ 5,079 Minimum cash balance desired 5,000 5,000 5,000（a） Available cash balance $ 800 $ 600 $ 79 Cash receipts & disbursements: Collections from customers （schedule b） $ 75,200 $121,400 $ 90,800 Payments for merchandise （sc

6、hedule d） （86,800） （49,600） （49,600） Fixtures （purchased in May） （11,000） - - Payments for operating expenses （schedule f） （44,600） （30,200） （30,200）（b） Net cash receipts & disbursements $（67,200） $ 41,600 $ 11,000 Excess （deficiency） of cash before financing （a + b） （66,400） 42,200 11,079 Financing

7、: Borrowing, at beginning of period $ 67,000 $ - $ - Repayment, at end of period - （41,000） （10,000） Interest, 10% per annum - （1,121）* （217）*（c） Total cash increase （decrease） from financing $ 67,000 $（42,121） $（10,217）（d） Ending cash balance （beginning balance + b + c） $ 5,600 $ 5,079 $ 5,862* See

8、 schedule gExhibit IIIBudgeted Balance SheetAugust 31, 20X8 Assets Liabilities and Owners Equity Cash （Exhibit II） $ 5,862 Accounts payable $ 37,200Accounts receivable* 86,400 Notes payable 16,000*Merchandise inventory 37,200 Total current liabilities $ 53,200Total current assets $129,462 Net fixed

9、assets: Owners equity: $33,600 less $102,200 plus net depreciation of $1,500 32,100 income of $6,162 108,362Total assets $161,562 Total equities $161,562 *July sales, 20% 90% $80,000 $ 14,400 August sales, 100% $80,000 72,000 Accounts receivable $86,400 * See schedule g June July August TotalSchedul

10、e a: Sales Budget Credit sales （90%） $126,000 $72,000 $72,000 $270,000 Cash sales （10%） 14,000 8,000 8,000 30,000 Total sales （to Exhibit I） $140,000 $80,000 $80,000 $300,000 Schedule b: Cash Collections June July August Cash sales $ 14,000 $ 8,000 $ 8,000 On accounts receivable from: April sales 10

11、,800 - - May sales 50,400 12,600 - June sales - 100,800 25,200 July sales - - 57,600 Total collections （to Exhibit II） $75,200 $121,400 $90,800 Schedule c: Purchases Budget May June July August Desired purchases: 62% next months sales $86,800 $49,600 $49,600 $37,200Schedule d: Disbursements for Purc

12、hases June July AugustLast months purchases （to Exhibit II） $86,800 $49,600 $49,600Other required items related to purchasesAccounts payable, August 31, 2008 （62% September sales - to Exhibit III） $37,200Cost of goods sold （to Exhibit I） $86,800 $49,600 $49,600Schedule e: Operating Expense BudgetSal

13、aries, wages, commissions $28,000 $16,000 $16,000 $60,000Other Variable expenses 5,600 3,200 3,200 12,000Fixed expenses 11,000 11,000 11,000 33,000Depreciation 500 500 500 1,500Total operating expenses $45,100 $30,700 $30,700 $106,500Schedule f: Payments for Operating Expenses June July AugustVariable expenses $33,600 $19,200 $19,200Fixed expenses 11,000 11,000 11,000Total payments for operating expenses $44,600 $