Please correct error in textbook:
Note that there is an error in Table 3 on page 194 of your textbook. December ending inventory should read 1,350 (975 + 400 – 25) with a value of $2,700,000. This means that in Table 4, Inventory for December should also be $2,700,000, and Total Current Assets for December should be $2,862,500.
A. A.In this question you are to leave the overhead, dividends, interest, and taxes the same, and examine the effect on cash balances of changing the numbers for units produced. We will leave our beginning inventory at 400 units and consider this our safety stock (so beginning and ending inventory each month will remain at 400 units) To do this part, use Tables 6-1 through 6-5 in your textbook as a guideline.
B. B.Use Table 5 on page 195 in your textbook as a guideline to derive interest charges for the year.
C. This part can be done in short order by adjusting your answer to (b) for the added expense of 0.5% of total sales (add up monthly sales figures in Table 1). You do not need to reproduce your work from parts (a) and (b).
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