(Solution) -Business Finance FN 3000 LP3 Assignment: Construct financial forecasts for an organization. Directions:

Description

Answer Download

The Question

Business Finance FN 3000

 

 

LP3 Assignment: Cost of Goods Sold & Cash Budgeting

 

This assignment will assess the competency 3. Construct financial forecasts for an organization.

 

 

Directions: Chapter 4 ? Problems 6, 11, 13, 24

 

 

These assigned problems are located in your Foundations of Financial Management textbook. Follow the instructions printed for each problem and submit this assignment in a Microsoft Excel or Word document.

 

 

Rating Scale

 

8 Work meets or exceeds criterion at a high level of competence.

 

7 Work reflects an understanding of criterion with minor misunderstandings/misconceptions.

 

6 Criterion partially met, but one or more important concepts/skills are missing or flawed.

 

5-4 Work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent.

 

3-0 Criterion not met or work is absent.

 

 

Criteria - Problem 6

 

1. Net dollar sales projection was calculated correctly.

 

 

Criteria - Problem 11

 

2. Total cost of goods sold was calculated correctly.

 

 

Criteria - Problem 13

 

3. Cost of goods sold was calculated correctly assuming LIFO inventory accounting.

 

4. Cost of goods sold was calculated correctly assuming FIFO inventory accounting.

 

 

Criteria - Problem 24

 

5. Cash receipts schedule was prepared correctly.

 

6. Cash receipts for November were calculated correctly.

 

7. Cash receipts for December were calculated correctly.

 

8. Cash budget was prepared correctly.

 

9. Ending cash balance for November was calculated correctly.

 

10. Ending cash balance for December was calculated correctly.

 

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Jan 10, 2018

EXPERT

Tutor

ANSWER RATING

TUTORIAL SOLUTIONS

We have high quality solutions you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

• As a reference for in-depth understanding of the subject.
• As a source of ideas / reasoning for your own research (if properly referenced)
• For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

DO MY HOMEWORK?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a new homework help. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR ORDER WILL BE DELIVERED WITHIN A DEADLINE.