Which characteristic is not reflective of a successful entrepreneur?

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budg

Sati [7]

Answer:

Bramble Corporation

The difference between cash receipts and cash disbursements for December would be:

= $71,000

Explanation:

a) Data and Calculations:

Balance Sheet October 31

Assets Cash $ 21,400

Accounts receivable 71,400

Merchandise inventory 156,800

Property, plant and equipment,

net of $573,400 accumulated

depreciation 1,095,400

Total assets $ 1,345,000

Liabilities and Stockholders' Equity

Accounts payable $ 255,400

Common stock 821,400

Retained earnings 268,200

Total liabilities and

stockholders' equity $ 1,345,000

November December January

Budgeted sales $320,000 $300,000 $290,000

Cash Collections:

55% month of sale 176,000 165,000 159,500

45% following month 71,400 144,000 135,000

Total collections $247,400 $309,000 $294,500

Cost of goods sold $224,000 $210,000 $203,000

= (70% of Sales for the month)

Ending Inventory 147,000 142,100

Goods available $371,000 $352,000

Beginning Inventory 156,800 147,000 142,100

Purchases $214,200 $205,000

Cash disbursements:

Payment to suppliers 255,400 214,200 205,000

Other monthly exp. 23,800 23,800

Total disbursements $279,200 $238,000

Comparison of Cash receipts with Cash disbursements:

November December

Cash receipts $247,400 $309,000

Cash disbursements $279,200 $238,000

Difference ($31,800) $71,000

8 0

3 years ago

Suppose you had a large unpaid balance on your credit card and were paying a high rate of interest. You then received a one-tim

Annette [7]

Answer:

The answer is NO.

Explanation:

The answer is NO since the tax cut does not equate or rather would not be an effective stimulus due to the fact that debt reduction would not stimulate or increase consumption.

To properly understand the narrative of the question and the answer herein, let us define what effective stimulus is.

Effective stimulus or as preferably known as An economic stimulus is the utilization of funds or design of that helps agitate growth during downtime or recession in a country. The decision makers of a country mostly utilize the tactics of giving rebates and increasing government expenses to name a few.

Now relating it back to the question, since the intention of the rebate is to ease payment on tax does not equate to increase in consumption, the answer is a NO.

4 0

3 years ago

Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3

Vitek1552 [10]

Answer:

$671.92

Explanation:

Note: The full question is attached as picture below

Product R3

Labor-related cost = 40736/7200*5400

Labor-related cost = $30,552

Production orders = 65970/1600*1000

Production orders = $41,231

Order size = 433175/7100*3100

Order size = $189,133

Total overhead = Labor-related cost + Production orders + Order size

Total overhead = $30,552 + $41,231 + $189,133

Total overhead = $260,916

Annual production and sales of Product of R3 = 900 u nit

Overhead cost per unit = Total overhead / Unit

Overhead cost per unit = $260,916 / 900

Overhead cost per unit = $289.92

Direct material = $226

Direct labor = (26*6) = $156

Unit product cost = Overhead cost per unit + Direct material + Direct labor

Unit product cost = $289.92 + $226 + $156

Unit product cost = $671.92.

3 0

2 years ago

A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi

azamat

Answer:

Memphis $170,000

Biloxi $160,000

Birmingham $175,000

Explanation:

Preparation of an economic analysis of the three locations

Memphis economic analysis using this formula.

Economic analysis=(Building, equipment, administration costs+Increased transportation costs+(Expected volume *Labor and materials per units)

Let plug in the formula

Memphis Economic Analysis = $40,000 + $50,000 + (10,000 units *$8/unit )

Memphis Economic Analysis = $40,000 + $50,000 + $80,000

Memphis Economic Analysis = $170,000

Therefore Memphis Economic Analysis is $170,000

Preparation of Biloxi Economic Analysis

Biloxi Economic Analysis = $60,000 + $60,000 + (10,000 units *$4/unit )

Biloxi Economic Analysis = $60,000 + $60,000 + $40,000

Biloxi Economic Analysis = $160,000

Therefore Biloxi Economic Analysis is $160,000

Preparation of Birmingham Economic Analysis

Birmingham Economic Analysis = $100,000 + $25,000 + (10,000 units *$5/unit )

Birmingham Economic Analysis = $100,000 + $25,000 + $50,000

Birmingham Economic Analysis = $175,000

Therefore Birmingham Economic Analysis is $175,000

Therefore the summary of the economic analysis of the three locations are:

Memphis $170,000

Biloxi $160,000

Birmingham $175,000

5 0

3 years ago

Based on the Taylor Rule use the following information to calculate the target federal funds rate.

Gnesinka [82]

Answer:

8.0 %

Explanation:

inflation gap = 3 - 2 = 1

=3 + 2 + (.5 x 1) + (.5 x 5)

= 8.0

4 0

3 years ago