Business Finance FN 3000 LP3 Assignment Chapter 4 – Problems 6, 11, 13, 24

  

Business Finance FN 3000AssignmentsLP3 Assignment: Cost of Goods Sold & Cash BudgetingThis assignment will assess the competency 3. Construct financial forecasts for an organization.Directions: Chapter 4 Problems 6, 11, 13, 24These 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.Submit this assignment to your instructor via the dropbox, LP3: Assignment: Cost of Goods Sold & Cash Budgeting. This assignment is worth 80 points and will be graded according to the following scoring guide.Scoring Guide (80 Points)Rating Scale8 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 61. Net dollar sales projection was calculated correctly.Criteria – Problem 112. Total cost of goods sold was calculated correctly.Criteria – Problem 133. 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 245. Cash receipts schedule was prepared correctly.6. Cash receipts for November were calculated correctly.