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larisa [96]
3 years ago
6

Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Jan

uary February March $ 3 Material purchases 14,870 11,690 12,760 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7,200. The budgeted cash payments for materials in January are
A. $13,580.
B. $13,815
C. $9,980
D. $7,200.
E. $19,960.
Business
1 answer:
motikmotik3 years ago
3 0

Answer:

Total= $14,635

Explanation:

Giving the following information:

Cost of materials:

January= 14,870

February= 11,690

March= 12,760

Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase.

The December Accounts Payable balance is $7,200.

To calculate the cash disbursement for January, we need to use the following structure:

Cash collection:

Accounts Payable= 7,200

Cash From January= (14,870*0.5)= 7,435

Total= $14,635

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Answer:

D) Factors of production

Explanation:

The four factors of production are:

  1. land: any natural resource used to produce or manufacture goods and service
  2. labor: human work
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3 years ago
Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be
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Answer:

$6,800

Explanation:

Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)

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3 years ago
Wendell’s Donut Shoppe is investigating the purchase of a new $18,600 donut-making machine. The new machine would permit the com
sertanlavr [38]

Answer:

1. Total Annual Cash Inflows = 5000

2. Discount Factor = 3.72

3. New Machine's internal rate of return = 16%

Explanation:

<em>Note:</em> the question is incomplete and it lacks essential data to be used in part 4. Without the exhibits mentioned in the questions, it is not possible to solve this question completely. We will be solving it till part 3.

1) What would be the total annual cash inflows associated with the new machine for capital budgeting purposes?

Answer:

In this we have to calculate the total annual cash inflows and the formula to calculate it is mentioned below:

Total Annual Cash Inflows = Savings in Part Time help annually + Additional contribution Margin from Expected Sales.

Total Annual Cash Inflows = 3800  + ( 1000 x 1.20)

Total Annual Cash Inflows =  3800 + 1200

Total Annual Cash Inflows = 5000

2. What discount factor should be used to compute the new machine’s internal rate of return?

Answer:

Formula to calculate the Discount factor:

Discount Factor = Price of new machine/ annual cash inflow

Price of new machine = 18600 USD

Annual cash inflow = 5000

Discount Factor = 18600 /5000

Discount Factor = 3.72

3.  What is the new machine’s internal rate of return?

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As, it can be seen from the exhibits (which are missing from this question)  that the discount factor for 6 years is nearly closest to 16%, hence the new machine's internal rate of return = 16%

<em>Note:</em> the question is incomplete and it lacks essential data to be used in part 4. without the exhibits mentioned in the questions. It is impossible to solve further.

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•A professional is seldom caught off-balance. The discipline for deliberate preparation and the understanding that comes with it allow that even when something unexpected or unfamiliar is introduced, a professional can quickly understand its basis and easily extrapolate the appropriate tactic, strategy, or process for ethically and successfully resolving issues.

•In this capacity, and most fundamentally, a professional habitually makes the right choices because all of his choices are based on the integrity provided by his moral and ethical foundation. Any choice of expedience over integrity can quite easily be recognized by anyone as the wrong choice. Here, the professional simply acknowledges what is obvious, makes the right choice, and acts deliberately (and now we're back at the start of this list).

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