1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valentina_108 [34]
3 years ago
10

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:

Sales at $460,000, all for cash. Merchandise inventory on November 30 was $205,000. The cash balance at December 1 was $19,000. Selling and administrative expenses are budgeted at $63,000 for December and are paid in cash. Budgeted depreciation for December is $27,000. The planned merchandise inventory on December 31 is $235,000. The cost of goods sold is 70% of the sales price. All purchases are paid for in cash. There is no interest expense or income tax expense. The budgeted cash receipts for December are:
Business
1 answer:
oksano4ka [1.4K]3 years ago
6 0

Answer:

$460,000

Explanation:

The budgeted cash receipts are equal to the total expected sales since the company only makes sales on cash.

The budgeted cash receipts are part of the cash budget that the company prepares. It estimates all the cash inflows (sales receipts) and cash outflows (expenses and merchandise purchases). The outflows are called budgeted cash disbursements.

You might be interested in
The periodic expensing of an asset over the property's theoretical economic life is referred to as what
Charra [1.4K]

The periodic expensing of an asset over the property’s theoretic economic life is known as the depreciation. Depreciation occurs when there is a presence of the utility’s loss and in the same time, there is a physical deterioration or economical obsolesce that causes a value or that both may occur in the same time.

8 0
3 years ago
Nielson Corp. sells its product for $6,600 per unit. Variable costs per unit are: manufacturing, $3,600, and selling and adminis
Anvisha [2.4K]

Answer:

B) $8,400

Explanation:

Absorption costing consider all the cost incurred in production either variable or fixed as production cost.

As we know variable cost vary with the change in the sale but the fixed costs remains constant whatever the level of sale is.

As per given data

Selling price = $6,600

Variable manufacturing cost = $3,600

Manufacturing Fixed Cost = $18,000

Total cost per unit = $3,600 + $18,000/20 = $4,500

Sales = Selling price x Numbers of units sold = $6,600 x 16 = $105,600

Cost of goods sold = Units sold x Cost per unit = 16 units x $4,500 = $72,000

Gross income = Sales - Cost of Goods sold = $105,600 - $72,000 = $33,600

Selling and Admin Cost = Variable cost + Fixed = (16 x $75) + $24,000 = $25,200

Net Income = Gross Income - Selling and Admin cost = $33,600 - $25,200 = $8,400

6 0
3 years ago
Advantages corporations had over small business included: a. raw material discounts b. reduction of unit cost c. specialists d.
kondaur [170]

Answer:

a. Raw material discounts

b. Reduction of unit cost

c. Specialists

d. Better production methods

Explanation:

a. Corporations have various advantages over small businesses. Because they buy  raw materials in bulk they are able to negotiate volume discount. This gives them more advantage over the small business who cannot buy in bulk.

b. A fall out from the above is reduction of unit cost or average cost, when discount is received it reduces the total cost of material and by implication the unit cost.

c. Because of their size and financial strength, corporation is able to attract qualified employees as opposed to small businesses that are limited by their financial position.

d. Corporations because of their financial strength are able to finance research with view to discovering a better production methods. This may be impossible to small businesses.

8 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity.
valkas [14]

Answer:

The correct answer is $9432.31.

Explanation:

According to the scenario, The given data are as follows:

Par Value (FV) = $10,000

Time Period = 15 years

Time period (Semi annual) (Nper) = 30

Coupon rate ( semi annual) = 3.3% / 2 = 1.65%

So, payment (pmt) = $10,000 × 1.65% = $165

Yield (r) (semiannual) = 3.8% / 2 = 1.9%

By putting the value in financial calculator, we get

Hence, The price of the bond is $9432.31.

3 0
3 years ago
What is the full form of BIPPA​
Flauer [41]

Answer: Bilateral Investment Promotion and Protection Agreement.

Explanation:

4 0
3 years ago
Other questions:
  • The following are means of political risk adaptation EXCEPT: Equity sharing shared ownership or partial ownership with nationals
    14·2 answers
  • Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investin
    13·1 answer
  • Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th
    14·1 answer
  • b. Suppose that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day, TC increases by $5,000 (so
    10·1 answer
  • An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of
    7·1 answer
  • Why in the fudge does trump (a literall orange) think hes the best person ever
    6·2 answers
  • When a salesperson calls on a new business prospect, A) the salesperson may have trouble identifying all of the buying center me
    11·1 answer
  • On January 2, 2020, Howdy Doody Corporation purchased 17% of Ranger Corporation's common stock for $53,000. Ranger's net income
    13·1 answer
  • If the united states government lowers the income taxes on the wealthiest americans, while decreasing welfare payments to the po
    15·1 answer
  • what term best describes a set of documents that detail manufacturing and service delivery specification
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!