Answer:
$137,000
Explanation:
The computation of Budgeted cash collections in June is shown below:-
June sales collected in June = June Sales × Sale percentage
= $150,000 × 30%
= $45,000
May sales collected in June = May sales × Following month percentage
= $130,000 × 60%
= $78,000
April sales collected in June = June sales × Following second month percentage
= $140,000 × 10%
= $14,000
Total cash collections in June =June sales collected in June + May sales collected in June + April sales collected in June
= $45,000 + $78,000 + $14,000
= $137,000
Answer:
you must earn an annual rate of interest of 7.07 %
Explanation:
The annual rate of interest, r on the investment is calculated as follows :
Pv = - $67,000
Pmt = $ 0
P/yr = 1
N = 16
Fv = $200,000
r = ?
Using a Financial Calculator, annual rate of interest, r on the investment is 7.07 % .
Answer:
c. $1.58.
Explanation:
The computation of the direct materials cost per equivalent unit is given below:
Equivalent units for material is
= 100% of 193,000 + 100% of 28,000
= 193,000 + 28,000
= 221,000
Equivalent cost for material is
= $94,100 + $254,800
= $348,900
So, the direct materials cost per equivalent unit is
= $348,900 ÷ 221,000
= $1.58
Answer: $35 million (nearest whole million)
Explanation:
To calculate the current year's tax Payable we will start by ascertaining the Net Taxable income.
Fema Corporation did not account for the net operating loss carryforward of $81 million in the $200 million pretax accounting and taxable income for the current year so we have to do that.
Doing that would be,
= $200 million - 81 million
= $119 million
This is the Net Taxable Income.
We will then use the NEW tax rate which was effected immediately to determine the new Tax Payable,
= $119 million * 0.29
= $34.51 million
= $35 million (nearest whole million)
I think the answer should be B. The federal budget is reduced to tackle the deficit problem is not shift the AD curve. Hope it helped you, and have a great day.
