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Mazyrski [523]
3 years ago
5

A company has budgeted direct materials purchases of $250000 in July and $420000 in August. Past experience indicates that the c

ompany pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: Wages Expense $60000 Purchase of office equipment 64000 Selling and Administrative Expenses 39000 Depreciation Expense 27000 The budgeted cash disbursements for August are
Business
1 answer:
san4es73 [151]3 years ago
4 0

Answer:

The budgeted cash disbursements for August are $532,000

Explanation:

Amount of cash the company pays for purchases in August:

30% x Materials purchases in July + 70% x Materials purchases in August = 30% x $250,000 + 70% x $420,000 = $369,000

The budgeted cash disbursements for August = Cash paid for purchasing materials + Wages Expense + Purchase of office equipment + Selling and Administrative Expenses = $369,000 + $60,000 + $64,000 + $39,000 = $532,000

Noted: Depreciation is a non-cash accounting expense, so it doesn't involve cash flow

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8 0
3 years ago
Read 2 more answers
Delta Company produces a single product. The cost of producing and selling a single unit of the product at the company’snormal a
iogann1982 [59]

I assumed you typo 821 by $21 per unit, then the answer will be

1-  financial disadvantage of accepting the special order is loss of $60,000

2- a minimum selling price for these units should be $14.00

Explanation:

Loss of $60,000 = 15,000 x (14,000 – (5.1+3.8+1+4.2+1.5+2.4))

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6 0
3 years ago
How might a person in an information technology company have a lot of power even if he or she does not hold an executive title
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Even if individual doesn't even have an executive role, a person responsible of information technology for a corporation might wield tremendous authority. This is due to the fact that power is not necessarily linked to a position of authority.

Explanation:

A person with leadership qualities can advance to positions of power, allowing them to put their abilities and personality attributes to good use. A person in charge of information technology is also responsible for optimising the company's digital technologies owing to the nature of the role and responsibilities.

8 0
3 years ago
PQR Corporation has a Beta of 1.5. The risk-free rate is 6%, and the market risk premium is 9%. What is the required rate of ret
shusha [124]

Answer:

1. Using CAPM, the required return is;

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= 6% + 1.5 * 9%

= 19.5%

2. First find the portfolio beta which is a weighted average of the individual betas;

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= 1.8

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= 4% + 1.8 * (13% - 4%)

= 20.2%

3.Geometric average can be calculated by;

=( ((1 + r1) * (1 + r2) * (1 + r3)) ^1/n) - 1

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= ‭(1.09604‬^1/3) - 1

= 3.1%

6 0
3 years ago
Your coin collection contains 59 1952 silver dollars. required: if your grandparents purchased them for their face value when th
ololo11 [35]
The coins were purchased in 1952 for their face value, one dollar per coin. This puts total face value at 59 dollars in 1952. They appreciate at 6.6% per year, so in 101 years, their value can be found through this calculation: 59 x (1.066^101) = $37,525.78.
7 0
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