Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.

Beginning cash balance on June 1, $95,000.
Cash receipts from sales, $418,000.
Budgeted cash disbursements for purchases, $273,000.
Budgeted cash disbursements for salaries, $96,000.
Other budgeted cash expenses, $58,000.
Cash repayment of bank loan, $33,000.
Budgeted depreciation expense, $35,000.
A. $111,000.
B. $86,000.
C. $76,000.
D. $53,000.

Answers

Answer 1

Answer:

D. $53,000.

Explanation:

The computation of the ending cash balance is shown below:

Beginning cash balance $95,000

Add: Receipts  

Cash sales  $418,000

Total cash receipts (a) $513,000

Deduct: Payments:  

Cash payment for purchases -$273,000

 Cash payment for salaries -$96,000

Other cash expenses -$58,000

Repayment of bank loan -$33,000

Total cash payments (b) $460,000

Net receipts /( payments) (a) - (b) $53,000


Related Questions

Fallon works in an upscale department store and has been instructed by her management staff that she can take up to 20% off a product if it appears damaged in some way. In addition, Fallon is encouraged to help customers as she sees fit, including giving customers discount coupons on future purchases if they return a product because they weren't satisfied. The management at Fallon’s store is practicing

Answers

Ask your teacher cuh

Central City was awarded two state grants during its fiscal year ending September 30, 2020: a $2 million block grant that can be used to cover any operating expenses incurred during fiscal 2021, and a $1 million grant that can be used any time to acquire equipment for its police department. For the year ending September 30, 2020, Central City should recognize in grant revenue in its fund financial statement (in millions):

Answers

Answer:

$1 million

Explanation:

The computation of the grant revenue recognized in the fund financial statement is presented below;

Given that

The $2 million could be used for covering up the operating expense and $1 million could be used for purchasing an equipment

So as per the given situation, the $1 million should be recognized

Therefore the same should be considered

Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.

Answers

Answer:

B. Because they differ by customer, and by time of year.

Explanation:

Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.

Francina, who just started her first job, had been repaying her luxury sports car loan until she stopped payments two months ago. Her car was repossessed. What could have been good preventive behavior in this case?

Answers

Answer:

Not taking out a loan in the first place to buy that car

Explanation:

She obviously didn' t plan very well in the first place and just wanted to show off cause she got a new job. Maintaining oneself in personal budget is pretty important.

The best preventive behavior in this case would have been to report the situation to the Consumer Financial Protection Bureau.

What is the role of Consumer Financial Protection Bureau?

It is an agency that enforces that the markets for consumer financial products are fair, transparent and competitive.

Therefore, she could report to the Consumer Financial Protection Bureau agency to recover the car back because she have been making repayment for the car loan.

Read more about CFPB

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Sallie's Sandwiches​Sallie's Sandwichesis financed using 20% debt at a cost of 8%. Sallie projects combined free cash flows and interest tax savings of $2 million in Year 1, $4 million in Year 2, $5 million in Year 3, and $117 million in Year 4. (The Year 4 value includes the combinedhorizon values of FCF and tax shields.) All cash flows are expected to grow at a 3% constant rate after Year 4. Sallie'sbeta is 2.0, and its tax rate is 34%. The risk-free rate is 8%, and the market risk premium is 4%. Using the data for Sallie's Sandwiches andthe compressed adjusted present value model, what is the total value (in millions)? Group of answer choices$72.37 $73.99 $74.49 $75.81 $76.45 Quizlet

Answers

Answer:

$76.45

Explanation:

Sallie Sandwiches used hybrid financing which means debt and equity both are used to finance business. The company's cost of financing will be;

Cost of debt : 8% + [ 2.0 * 4%] = 16%

Cost of financing : [0.2 * 8%] + [0.8 * 16%] = 14.4%

NPV discounted at 14.4% is $76.45

Discuss the impact the hard-lockdown had on perfect markets​

Answers

Answer:

As supply chains and production processes are significantly interrupted, the outbreak has been identified as a pandemic by the World Health Organization.

Explanation:

Due to the severe lockdown, supplies and work in the perfect market were lacking. It led to further operations which reduced the workload of the respective firm, thus affecting productivity.

Because of the reduction in productivity, differences occur in the perfect market, where others benefit from the situation in the disadvantaged company. But demand and supply generally decreased in the perfect market.

The cash payback period is: Select one: A. The number of years needed on an investment for the after-tax cash flows to equal the original investment B. The number of years of positive after-tax cash flows needed to make the net present value of an investment equal 0 C. The number of years of positive after-tax cash flows, discounted to the present period, needed to equal the original investment D. The total time that an investment will return positive after-tax cash flows E. None of the above

Answers

Answer:

A

Explanation:

Cash payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Cash payback is a method of capital budgeting

Other methods of capital budgeting includes :

Net present value Internal rate of return profitability index

Payback period = Amount invested / cash flow

for example, 10,000 was invested in a project. the cash flows from the project is 2000 per year for 10 years

the cash payback = 10,000/2000 = 5 years

What objective can a smart budget fulfill for an individual as well as an organization?
A.
helps to map expenses and control spending
B.
helps to find new avenues for income
C.
helps to reduce the amount paid towards taxes
D.
helps to indulge in over spending

Answers

The answer is A........

organize an event using all functions of management​

Answers

Answer:

1t1= 3

Explanation:

im smart

jqjwjwjwjw

Kindly suggest an effective strategy to help new entrants gain a significant share of the financial service market

Answers

Answer:

Franchising.

Explanation:

Franchising is an effective way to enter into market when a person has few or no knowledge about the market conditions. This is most suitable for food chains as there is no or minimum changes required for the operations. It is safe option for new entrants.

June 1: Byte of Accounting, Inc. Acquired $78,200 in cash from lauren and issued 3,400 shares of its common stock.

Answers

Answer:

Question requires that a journal entry is done;

Date                 Account Title                                     Debit                    Credit

June 1              Cash                                                $78,200

                        Common Stock                                                            $78,200

If you were the leader of a special-purpose team developing a new computer game and conflicts arose related to power and status differences among team members, what would you do? How might you use the various conflict-resolution techniques

Answers

I would listen to the team’s differences and finally come to an agreement that will be the best benefit for everyone.

Amanda is a manager at an automobile manufacturing plant. After careful inspection, one of her employees noticed a defect in a part that is necessary for airbag deployment. The company has been using that part for the past three months and it is unknown for how long they might have been receiving the defective part from their supplier. Amanda follows the utilitarian approach for her ethical decision making. Amanda will likely

Answers

I am pretty sure it is #3 not sure though

Amanda will likely recall all the vehicles that have the defective part, even if it results in a significant financial loss for the company.

Why is ethical decision-making important in the business environment?

Without a robust code of ethics, a company risks breaking the law, falling into financial trouble, and facing unethical situations. However, a company's stakeholders—including customers, employees, and other parties—are assured by good business ethics that it follows the law and acts morally.

The utilitarian approach to ethical decision-making aims to maximize overall happiness or pleasure and minimize overall pain or harm. In this scenario, Amanda must consider the potential harm that the defective part can cause to the customers who buy the cars manufactured by her company.

If the airbag deployment fails due to the defective part, it can result in severe injury or even death of the passengers in the car. Therefore, to minimize overall harm, Amanda should recall all the vehicles that have a defective parts, even if it results in a significant financial loss for the company.

This action will prioritize the safety and well-being of the customers over the company's financial interests, as it will prevent potential harm to many people.

Learn more about ethical decision-making here:

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Jerod is relatively new to Xenon Corporation and wants to make sure that he makes a good impression on his co-workers and supervisor. He agrees with the supervisor’s opinion most of the time and is always doing nice things for him. Jerod makes sure that he associates with the ‘right’ people and is constantly complimenting others about their good work.

When Jerod agrees with the supervisor’s opinion most of the time to make a good impression, he is engaging in which of the following impression management techniques?
A. apologies
B. excuses
C. acclaiming
D. conformity
E. choose one

Answers

C aigshsh Ajaj ishshbb

When Jerod agrees with the supervisor’s opinion most of the time to make a good impression, he is engaging in conformity. Option D. conformity is the correct option of the given statement.

How do we define conformity?

Conformity is the process through which individuals modify their attitudes, behaviors, perceptions, and/or beliefs in order to more closely align with the beliefs held by the groups to which they aspire to belong, already do, or who they seek the approval of.

Is conformity a good or bad thing?

There is no inherent good or bad in conformity. Conformity may be viewed negatively when it results from fear, a desire to maintain one's social standing, or when it leads to harmful outcomes.

How does conformity impact actions?

Peer pressure may cause someone to engage in unsafe or unlawful activity, such underage drinking. Alternatively, conformity could result in the bystander effect, whereby following the crowd results in failing to help those in need. Your openness to novel concepts or arguments may be constrained by a desire to fit in.

What aspects impact conformity?

Group size: Larger groups have a higher propensity to adopt comparable attitudes and actions than smaller ones. Individuals are more inclined to comply with collective decisions when everyone in the group responds in unison. Status: People are more prone to follow the traditions of high-status groups.

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Plzzz help me with this one

Answers

Answer:

what the question.....

Under a program called the Emissions Trading​ Scheme, the governments of European Union member nations establish overall targets for greenhouse gas emissions and issue​ __________, or​ permits, authorizing companies to emit certain amounts. In​ theory, an increase in the market clearing price of​ __________ should induce firms to develop methods of​ __________ their emissions of greenhouse gases.

Answers

Answer:

allowances; allowances; reducing.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

Additionally, a free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, ABC company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Furthermore, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

Hence, a government could issue allowances or permits to companies, thereby, giving them the permission and authority to emit certain amounts of pollutants. In​ theory, an increase in the market clearing price of​ allowances should stimulate the business firms to develop effective and efficient methods of​ mitigating their emissions of greenhouse gases (pollutants) such as methane, water vapor, carbon dioxide, etc.

Carlos and Keisha have a monthly income of $25,000. They have monthly expenditures that total $30,000. What is TRUE about their cash flow?


A. They have a $5,000 surplus.

B. They have a $5,000 deficit.

C. They have a positive cash flow.

D. They have extra money that they could use for investments.


THE CORRECT ANSWER IS B. THEY HAVE A $5,000 DEFICIT.
i got it right on the test, i hope this helps :))

Answers

Answer:

B. They have a $5,000 deficit

Explanation:

The relationship between Income and Expenditure is that Income less expenditure gives us the Profit for the business. Therefore, Income ($25,000) less Expenditure ($30,000) gives a deficit of $5000.

Answer: They have a $5,000 deficit.

identify the value of the fixed cost

Answers

Answer: Take your total cost of production and subtract your variable costs multiplied by the number of units you produced. This will give you your total fixed cost. You can use this fixed cost formula to help.

Explanation:

When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.

Answers

Answer: The question you wanted to ask is missing, The excerpt related to your question is missing but i was able to get it online but I could not attached it .

Question : pick the correct option

answer :

Chemical Bank, Washington Mutual, and Wells Fargo

Explanation:

When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.

Because these Banks were willing to accept and work  with the Hot topic .

A line cook at a restaurant was inspired to become a chef, but he lacked the necessary training. The line cook asked the chef at the restaurant if he could borrow $2,400 to take a professional cooking class. The chef agreed in a writing signed by both parties to loan him the money, provided that the line cook repaid her $200 each month for a year, beginning when the six-month class was over. The line cook made the first payment, but then missed the next two payments. The chef brought an action against the line cook prior to the time the fourth payment was due. How much is the chef entitled to in a judgment against the line cook?
Answers:
A. Nothing, because the entire loan amount was not yet due.
B. $400
C. $600
D. $2,400

Answers

Answer:

The answer is "Option B".

Explanation:

In the event of an infringement, unless the sole remaining performing duties are the violating duties of a Party as well as the fee by payments which are not mutually related, this same violation of – anti shall result throughout the infringement, whether in followed or accompanied by either a condemnation, not leading to a legal claim in full or partial contravening. Another claim for part-infringement damages is for compensation based only on the portion of the residual music rights of the wounded person. Here the cook only has the right to judge the amount due to the line cook after 2 months of payment.

what are the Business Activities ?​

Answers

Answer:

There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.

Answer:

There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.

Why does the author introduce the text using a series of rhetorical questions?

A
to convince the reader that the majority of government power should be placed in the hands of the citizens, not the states that represent them

B
to inform the reader that the individual states need to maintain the bulk of power, instead of the federal government or the local communities in the state

C
to convince the reader that the majority of government power should be placed in the federal government because the states have too much infighting

D
to inform the reader that many of the individual states of the union are dissatisfied with the outcome of the conflict, and each of them are vying for power

Answers

Answer:

the answer is A. because we the citizen of a country vote them into power

Cranial Inc.has newly set up a website where customers can obtain information as well as buy its products.It notices that people who visit its website are instantly interested in the products,and 85% of the visitors end up making purchases.However,it also notices that the number of visitors are very low as they don't find it on their searches very often.Which of the following should Crayola include in its IBP campaign to increase its website's visibility and traffic?
A) Pop-under ads
B) Interstitial ads
C) Buzz marketing
D) Search engine optimization

Answers

Answer: D) Search engine optimization

Explanation:

When you search for a query and various websites pop up, the websites that you would most likely pick are the very first ones that you see and these websites are so high up because they have very good search engine optimization.

Search engine optimization increases the visibility of a website so that people can be able to find the website better. The major way it does this is by using keywords that people search. Cranial Inc. needs to work on its Search engine optimization so as to increase traffic to their website.

Answer:

D) Search engine optimization

Explanation:

Search engine optimization (SEO) can be defined as a strategic process which typically involves improving and maximizing the quantity and quality of the number of visitors (website traffics) to a particular website by making it appear topmost among the list of results from a search engine such as Goo-gle, Bing, Yah-oo etc.

This ultimately implies that, search engine optimization (SEO) helps individuals and business firms to maximize the amount of traffic generated by their website i.e strategically placing their website at the top of the results returned by a search engine through the use of algorithms, keywords and phrases, hierarchy, website updates etc.

Hence, search engine optimization (SEO) focuses on improving the ranking in user searches of a particular website by simply increasing the probability (chances) of the website emerging at the top of a web search.

In conclusion, Crayola should include search engine optimization (SEO) in its IBP campaign in order to increase its website's visibility and traffic.

The relationship between advertising and product differentiation is a.irrelevant; firms with differentiated products do not need to advertise. b.zero; there is no relationship between product differentiation and advertising. c.negative; the more differentiated the product, the less a firm is likely to spend on advertising. d.positive; the more differentiated the product, the more a firm is likely to spend on advertising.

Answers

Answer:

d.positive; the more differentiated the product, the more a firm is likely to spend on advertising.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.

Product differentiation refers to the differences imposed on consumers by the seller of a product. Thus, it typically makes a product better for some consumers and worse for others.

Hence, the relationship between advertising and product differentiation is positive; the more differentiated the product, the more a firm is likely to spend on advertising so as to convince and spur consumers into buying the product.

Complete the following statement. Merchandise inventory that is still available for sale is considered a(n) ________ (asset/expense/revenue) and is reported on the ____________ (balance sheet/income statement) and merchandise that is sold during the period is considered a(n) _______ (asset/expense/liability) and reported on the ____________ (balance sheet/income statement). Multiple choice question. expense -> income statement -> asset -> balance sheet expense -> balance sheet -> asset -> income statement asset -> income statement -> expense -> balance sheet asset -> balance sheet -> expense -> income statement

Answers

Answer:

asset -> balance sheet -> expense -> income statement

Explanation:

The merchandise inventory that still available for the sale purpose should be treated as the asset and the same should be reported on the balance sheet. And, the merchandise that is sold so it is treated as an expense and the same should be reported on the income statement

Therefore the above answer should be considered

The Davises pay the annual property tax of $1,825 on their lake house every January. On a whim, they sell the lake house to the Bennets to buy a Winnebago and travel the country. Closing is set for July 31, and the buyers own the day of closing (pay prorated expenses through the day of closing). Using the calendar year proration method (assume that it's not a Leap year), how much of the pre-paid property tax was the Davises' responsibility

Answers

Answer:

$1,055

Explanation:

The computation of the pre-paid property tax was the Davises' responsibility is given below:

= $1,825 ÷ 365 days × 211 days

= $1,055

The 365 days represent total days in a year

The 211 days represent the days from Jan 1 to July 31

Hence, the pre-paid property tax was the Davises' responsibility is $1,055

er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.​

Answers

Answer:

er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.

how much money does an employee working for a salary of 50,000 per year get paid each month

Answers

divide 50,000 by 12 to get 4,166.67
50,000/12 months to make $4,166.66667 every month… Not a very profitable job lol

The _____ prohibits the transfer of personal data to non-European Union nations that do not meet the European adequacy standard for privacy protection. Group of answer choices European Data Transfer Act Organization for Economic Cooperation and Development privacy guideline Code of Fair Information Practices European Union Data Protection Directive

Answers

Answer:

European Union Data Protection Directive

Explanation:

The European Union Data Protection Directive was implemented in October 1995 and regulates the processing of personal information of citizens of the European Union. It is also mean to protect personal information from being accessed by countries outside of the European Union.

The General Data Protection Regulation enacted in April 2016 eventually replaced the European Union Data Protection Directive.

Personal data of individuals should not be processed at all if the following conditions are not met: legitimate purpose, transparency, and proportionality.

If the Forward Rate is expected to be an unbiased estimate of the future spot and Interest Rate Parity also holds, then: Group of answer choices Absolute forecast error would be zero Triangular arbitrage is not feasible Purchasing power parity holds Covered interest arbitrage is feasible International Fisher Equation holds

Answers

Answer:

International Fishers Equation holds.

Explanation:

If a forward exchange rate is an unbiased predictor of future spot rate then the forward rate will be equivalent to future spot spot rate. This hold international Fishers equation to be true as the interest rate parity and future spot are unbiased estimated of forward rate.

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They teach her how to smokecigarettes and steal things from peoples mailboxes.She tries to make them all happy but there are so many of them, so many voices, its hard to knowwhose feelings are whose. She wants to quiet them, but how can she? Shes the lucky one. The onewhos still here.A few months roll around and shes eating dinner at a different house each night, sleeping in a differentbed, playing a different sport. Her handwriting is never the same. She starts using words shed neverlearned before. Rude words. She is very, very tired. But they still want more.She leaves in the middle of the night so the parents cant stop her. It takes time for her to find anybody,the next town so irreparably gutted. They must have had more children here. But when she sees theother girl crying, tiny face framed by a red bow, she knows she has found the one. 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