On january 1, 2017, the indigo company budget committee has reached agreement on the following data for the 6 months ending june 30, 2017. sales units: first quarter 5,600; second quarter 6,300; third quarter 7,000 ending raw materials inventory: 40% of the next quarter’s production requirements ending finished goods inventory: 25% of the next quarter’s expected sales units third-quarter production: 7,820 units. the ending raw materials and finished goods inventories at december 31, 2016, follow the same percentage relationships to production and sales that occur in 2017. 5 pounds of raw materials are required to make each unit of finished goods. raw materials purchased are expected to cost $4 per pound.

(a) prepare a production budget by quarters for the 6-month period ended june 30, 2017.
(b) prepare a direct materials budget by quarters for the 6-month period ended june 30, 2017.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?