To: Professor Debra Petrizzo From: Dejan Lazaroski Subject: Problem 12-36 Date: 09/28/2014 Business Brief Tyva produces popular undyed cloth sandals in Regular and Deluxe style. The company is preparing its budget for June 2013, based on past experience sales. The company sells Regular sandals for $120 and Deluxe for $195 collecting 60% of the revenues in the month of sales and 38% the following month. Analysis The budgeted collections accounts receivable from May and June are $802,800. The company collects the sales on account, 60% the first month and 38% the next month. In this situation, substantial amount of cash inflow is receivable, compared with the rate of 80% that are Accounts payable in the first month for materials …show more content…
The Cash Outflow that will come from the materials purchased. The finished goods inventory for June also is budgeted from 650 to 600 on the Deluxe and from 250 to 400 units of the Regular. Some important assumptions I am using in my thinking are… (Figure out what you are taking for granted. Make sure these assumptions are reasonable. Watch out for self – serving or unjustified assumptions.) Significant account changes are expected from May’s Actual and June’s budgeted. Retained earnings would be increased in June compared with May. The points of view relevant to this problem belong to… (Who are your stakeholders? Determine whether the stakeholder’s point of view is relevant.) How the products sales mix will influence on the budgeted net income. The gross profit margin per unit is higher of the Deluxe model. Note: Remember to view the information you have obtained for potential bias. This is from the perspective of your own bias to the research and the bias of the authors who compiled the data and the research you gathered. In other words, do not discount the importance of other’s data because of your own bias(is). Step 3: Make predictions about the future. If this problem gets solved, some important implications are… (Evaluate options, taking into account the advantages and disadvantages of possible decisions before
* On Income Statement for December 31, 2010, the number of Revenues, Cost of Goods Sold, Expenses and Net Income will go up if we use the Non-GAAP approach.
Avoiding research bias in studies is important to the development of objective, reliable information that can be used by the public. Check all of the situations that are likely to indicate research bias:
Throughout my research, a challenge I encountered was the fact that some of the articles I encountered seemed to included biases within them especially with the primary view of
The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $78,000; Credit Sales $810,000; and Sales Returns and Allowances $40,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
3. The Garners ' take-home pay is over $4,500 a month. Yet, after all expenses are paid, there is only a $220 surplus each month. Based on the information presented in this case, what expenses, if any, seem out of line and could be reduced to increase the surplus at the end of each month?
Name: ________________________________ Date: _________________ [1]BASIC BANK01 - BAT 003 Which of the following statements is true? A. An asset account is increased by a credit B. An expense account is increase by a credit C. A revenue account is decreased by a credit D. An equity account is decreased by a debit [2]BASIC BANK02 - BAT 010 The Income Summary account contains: A. Total revenues and total expenses for the year B. Total assets and total liabilities at year end C. Total revenues, expenses, assets, and liabilities
J reflects department store chain. This industry is a retail business; therefore, there is a large amount of inventories. This industry also has high accounts receivable because usually customers pay with credit cards which are billed at the end of the month. However, sometimes, customers forget to pay their bills on time, and the bills are brought to next month. Therefore, the collection period is approximately 2 months.
Thank you for involving me in the review of this manuscript. Bias and/or risk of bias, is a very critical topic in health research methodology. This is a project generally well-conducted and a manuscript well written; but my major concern is whether the researchers answered a scientifically meaningful question. And consequently, I am concerned with the implication of the product of this study. I recommend to reject this manuscript.
Starbucks Corps had its gross account receivables for the year 2015 increase by 14.44% which led to its net receivables increase by $88,000,000 which translates to an increase of 13.95% of the net account receivables. This was followed by an increase in doubtful debts through the previous year by 6.12% to %6,700,000 from the ear 2014. This is due to the increase in the number also sales which led to the increase in account receivables and also doubtful debts in 2015. The risk that the company undertook also increases in line with the increase in account receivables.
Analysis of Data: Our data did not support our hypothesis, and though that does not necessarily correlate to decreased importance of data, ours could have had several sources of error. The primary source of error would be human,
a) What would the receivables level be at the end of March and at the end of June?
The proportion of the total dollar amount receivable I included in the confirmation request is in “Account Receivable Aging Analysis” by diving the total amount that is collectible “C” by the total amount of sales. The result is 82% ($9,803,430/$11,920,028) of the total dollar balance in accounts receivable.
Fourthly, the possibility of scope bias is acknowledged by the researcher, as the study only included two primary research databases. A wider research scope including other primary research databases may have yielded applicable articles, which could influenced the findings of this review.
1. Each manager must estimate the amount of accounts receivable that will probably not be
Establishing a set of strategies to enhance the quality of research helps researchers to effectively manage bias and reactivity so legitimizing the findings of the research (Padget, 1998). One of the strategies adopted by the authors in