Week 7 Accounting for Managers Worksheet

Complete Chapter 9’s End-of-Chapter Exercises.Links to an external site. ( https://saylordotorg.github.io/text_managerial-acc… )

Prepare and submit the following: When explanations are required – please be brief. One-two sentences at most. 

? Under the heading Questions: Do #1 & #6:

o #1:  Describe the planning phase of budgeting.

o #6:  Why is the sales budget the most important component of the master budget?

? Under the heading Brief Exercises:  Do #19: Budget Sequence.

o HINT:  Simply list the order of the budgets by number and budget

name in the budgeting process.  

? Under the heading Exercise Set A:  Do #31: Budgets for Cash Collections

from Sales and Cash Payments for Purchases.

o HINT: Prepare Part A only.  Use the suggested format in the text

(i.e. Cash Budget sample in Figure 9.11 for “Cash Budget for Jerry’s Ice Cream”). 

Complete for Chapter 13: Prepare and submit the following: When explanations are required – please be brief. 

One-two sentences at most. 

? Under the heading Questions: Do #1 & 2 HINT: Only respond to the questions here.

o #1:  What is trend analysis?  

o #2:  How is common-size analysis information used? 

? Under the heading Brief Exercises: Do #17 & 23 (for #23 only parts 1 & 2).

o #17: Current & Quick Ratios;

o #23: Profitability Ratios only 1, & 2