Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Prepare a pro forma income statement for the quarter

30/04/2021 Client: muhammad11 Deadline: 2 Day

repare a monthly cash budget, a monthly and quarterly pro forma income statement, a forma quarterly balance sheet and all necessary supporting schedules for the first quarter.

The Adams Corporation makes standard-size 2-inch fasteners, which it sells for $155 per thousand. Mr. Adams is the majority owner and manages the inventory and finances of the company. He estimates sales for the following months to be:

January

$263,500 (1.700.000 fasteners)

February

$186,000 (1.200,000 fasteners)

March

$217,000 (1.400.000 fasteners)

April

$310.000 (2,000.000 fasteners)

May

$387,500 (2,500.000 fasteners)

Last year, Adams Corporation's sales were $175,000 (1,129,030 fasteners) in November and $232,500 (1,500,000 fasteners) in December. Mr. Adams is preparing for a meeting with his banker to arrange the financing for the first quarter. Based on his sales forecast and the following information provided by him, your job as his new financial analyst is to prepare a monthly cash budget. a monthly and quarterly pro forma income statement, a pro forma quarterly balance sheet, and all necessary supporting schedules for the first quarter. Past history shows that Adams Corporation collects 50 percent of its accounts receivable in the normal 30-day credit period (the month after the sale) and the other 50 percent in 60 days (two months after the sale). It pays for its materials

30 days after receipt. In general. Mr. Adams likes to keep a two-month supply of inventory on hand in anticipation of sales. Inventory at the beginning of December was 2.600,000 units. (This was not equal to his desired two-month supply.) The major cost of production is the purchase of raw materials in the form of steel rods that are cut, threaded, and finished. Last year raw material costs were $52 per 1.000 fasteners. but Mr. Adams has just been notified that material costs have increased, effective January 1. to $60 per 1.000 fasteners. The Adams Corporation uses FIFO inventory accounting. Labour costs are relatively constant at $20 per thousand fast

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Essay Tutor
Top Quality Assignments
Unique Academic Solutions
Accounting & Finance Specialist
Financial Solutions Provider
Innovative Writer
Writer Writer Name Offer Chat
Top Essay Tutor

ONLINE

Top Essay Tutor

I have read your project details. I can do this within your deadline.

$85 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$46 Chat With Writer
Unique Academic Solutions

ONLINE

Unique Academic Solutions

I will cover all the points which you have mentioned in your project details.

$39 Chat With Writer
Accounting & Finance Specialist

ONLINE

Accounting & Finance Specialist

I have read your project details. I can do this within your deadline.

$78 Chat With Writer
Financial Solutions Provider

ONLINE

Financial Solutions Provider

I will cover all the points which you have mentioned in your project details.

$49 Chat With Writer
Innovative Writer

ONLINE

Innovative Writer

Give me a chance, i will do this with my best efforts

$56 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

2 POSTCARDS, due 36 hours later - What is a saga - Rhizobium inoculant suppliers australia - Chapter 1 project demographics answers - Authorization letter for psa - Professional real estate development the uli guide to the business - Distance, Speed, and Acceleration - Human experience across the health illness continuum - Order # 9363 - What is the thesis of vampires never die - Human brain clay model - Buddhist temple visit essay - Physiology - Executive summary of employee satisfaction - Ermogenous v greek orthodox community of sa inc - 500 words in APA format, with reference article on Exploring Social Media in Health Care: Beyond Its Pervasiveness - Toyota starlet dashboard lights - Is oreo a proper noun - 200 words - Milky iridescence crossword clue - Discharge of contract by mutual agreement - Introduction to biology quiz - Sample 30 second tv commercial scripts - Linen par stock calculation - Sydney water boundary trap requirements - Example of a self critique for speech - Application of Blockchain Technology in the Financial Institution - Blackhawk taser holster adjustment - A letter of undertaking - Celf 5 average range - Two point perspective lines - Mil std 188 148 - Three ways technology can impact communication - Inr2002 - When was the poem she walks in beauty written - Http www sahistory org za article history apartheid south africa - Ordering and seriation activities for preschoolers - WEEK 5 D#2 - Banded quartz crossword clue - In the 1830s paris was - Food Safety Report - 250-300words summary of focused topic - Scottish endurance riding club - Anatomy - The significance of Access Control in Database security - Paper - Blacktown probation and parole - Why is 45 degrees the best launch angle - A7 Logic Model Nursing in the Community - How important is money to attaining the american dream - Embrace Thanksgiving with Stylish Leather Jackets - Contentious in to kill a mockingbird - Q - 2400 words due 9/29/2020 Opioid crisis survey discussion - Looking for a Manuscript Editor - Natural gas condensate msds - Hacker handbooks com writersref 8th edition - Why is salr less than dalr - To lose one parent importance of being earnest - Homework Assignment #7 - Test kitchen self assembled à la carte decorating set - What is the normal force in an elevator - Komatsu super coolant af-nac - Destiny arms and armament book - Title of the organization - What sets biblical christianity apart from other religions - Discussion Post - 250 mcm to mm2 - How did ted lavender die in the things they carried - Mandalos a volar y diles que yo no fui - Why do we need an estimate of bad debts - Why i love south africa essay in afrikaans - Pss super log in - British council esol nexus - Juvenile Delinquency - The secret life of bees thesis - Palo alto networks powerpoint icons - 4 stages of shock nursing - Post it notes on a marriage play - How does mccarthyism relate to the salem witch trials - Shadow health focused exam abdominal pain esther park - Next generation planning handbook - Tay sachs disease results from the malfuncion of - Theory in practice the case of stan dvd download - Hachi ju hachi meaning - Solver colour chart pdf - Discussion Question - Precalculus final project - Sro vic gov au paylandtax - Write an eportfolio assignment - How to avoid death by powerpoint david phillips - Marketing strategy of reebok ppt - Boar out there by cynthia rylant - How to balance swinging bucket centrifuge - Successfactors lms standard reports - Brian phillipson sacramento ca verdict - Paper 9 for Jennifer - Happy belly food truck menu atlanta - Contemporary trends in the type of conflict and industrial sanctions - Rf value in tlc formula - Explain life of pi