The Unit 3 Assignment includes the following textbook problems:
Exercise 9-35 – found on page 350 in your textbook
Problem 10-43 – found on page 407 in your textbook
Submit your assignment using a single Excel workbook. Place each exercise/problem on a separate tab (sheet). Format the Excel spreadsheet to make all computations. The computations must be included in the assignment solutions. Be sure that you highlight or otherwise distinguish the answers.
When you have completed the assignment, upload your completed Excel document to the Unit 3 Assignment Dropbox before Tuesday, 11:59 PM (ET) of Unit 3. Name your assignment filename using this format: LastName_FirstName_Unit#_AssignmentName. For example, the Unit 3 assignment would be named:
10-43 Accounts Receivable Collections Esplanade Company’s credit sales have the following historical
70 percent collected in the month of sale
15 percent collected in the first month after month of sale
10 percent collected in the second month after month of sale
4 percent collected in the third month after month of sale
1 percent uncollectible
The following sales on open account (credit sales) have been budgeted for the last six months in
July $60,000 October 90,000
August 70,000 November 100,000
September 80,000 December 85,000
1. Determine the estimated total cash collections from accounts receivable during October 2010.
2. Compute the estimated total cash collections during the fourth quarter from credit sales of the fourth quarter
9-35 CVP Analysis Connelly, Inc., a manufacturer of quality electric ice cream makers, has experienced
a steady growth in sales over the past few years. Since her business has grown, Jan DeJaney, the
president, believes she needs an aggressive advertising campaign next year to maintain the company’s
growth. To prepare for the growth, the accountant prepared the following data for the current year:
Variable costs per ice cream maker
Direct labor $ 13.50
Direct materials 14.50
Variable overhead 6.00
Total variable costs $ 34.00
Manufacturing $ 82,500
Total fixed costs $480,500
Selling price per unit $ 65.00
Expected sales (units) 30,000
1. If the costs and sales price remain the same, what is the projected operating profit for the coming year?
2. What is the breakeven point in units for the coming year?
3. Jan has set the sales target for 35,000 ice cream makers which she thinks she can achieve by an additional
fixed selling expense of $200,000 for advertising. All other costs remain as in requirement 1. What will
be the operating profit if the additional $200,000 is spent on advertising and sales rise to 35,000 units?
4. What will be the new breakeven point if the additional $200,000 is spent on advertising?
5. If the additional $200,000 is spent for advertising in the next year, what is the required sales level in
units to equal the current year’s income at 30,000 units?
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.