Tilson Corporation Has Projected Sales and Production in Units for the Second

question 142

Essay

Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows:
Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April.All units are sold on account for $16 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $520,000 ($100,000 from February's sales and $420,000 from March's sales).Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation.b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.

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Definitions:

Melanocytes

Cells located in the bottom layer of the skin's epidermis and in the middle layer of the eye, responsible for producing melanin, the pigment that colors the skin, hair, and eyes.

Melanin

A pigment found in most organisms, responsible for the color of skin, hair, and eyes, providing protection against UV radiation.

Decreased Blood Flow

Decreased blood flow refers to reduced circulation of blood in the body, which can lead to various health issues due to insufficient oxygen and nutrient supply to tissues.

Pale

Having a lighter shade of color or lacking in intensity; can refer to physical appearance or luminosity.