The Following Information Relates to DFW Corporation for the Year

question 62

Essay

The following information relates to DFW Corporation for the year ended March 31, 2012:
▪ All sales are on account and are budgeted as follows: February, $350,000; March, $360,000; and April, $400,000. DFW collects 70% of its sales in the month of sale and 30% in the following month.
▪ Cost of goods sold averages 60% of sales. Purchases total 65% of the following month's sales and are paid in the month following acquisition.
▪ Cash operating expenses total $60,000 per month and are paid when incurred. Monthly depreciation amounts to $18,000.
▪ Selected amounts taken from the January 31 balance sheet were: accounts receivable, $115,000; plant and equipment (net), $107,000; and retained earnings, $85,000.
Required:
A. Prepare a budgeted income statement that summarizes activity for the two months ended March 31, 2012.
B. Compute the amounts that would appear on the March 31 balance sheet for accounts receivable, plant and equipment (net), and retained earnings.

Understand the hormonal regulations of the reproductive cycle.

Describe the changes occurring during puberty in females.

Understand the concept and application of tests such as the Pap test in reproductive health.

Recognize the sequence of events in the male and female sexual act and reproductive processes.

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Definitions:

James II

King of England and Ireland, and James VII of Scotland, who ruled from 1685 until he was deposed in the Glorious Revolution of 1688.

Inter-Colonial Militia

Armed forces composed of volunteers from different colonies, created for mutual defense and protection during the early colonial period in North America.

King William's War

The North American conflict (1689-1697) between France and England that was part of the larger Nine Years' War.

Iroquois

A historically powerful northeast Native American confederacy known for its political and organizational skills, as well as its influential role in American and Canadian history.