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
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

You might be interested in
What term refers to the process in which two or more parties make offers, counteroffers, and concessions in order to reach an ag
zhuklara [117]

Answer:

C, negotiation

Explanation:

Negotiation according to oxford dictionary is a discussion aimed at reaching an agreement. It means that before an agreement is reached, a lot of talking has to happen in order to arrive at the best situation for all parties.

In business, negotiation is involves parties making offers, conter offers over amd over till a conclusion is reached that works fine for all parties and necessary documents are exchanged.

Cheers

7 0
3 years ago
On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000. The estimated service life is eig
spin [16.1K]

Answer:

The answer is $10,800

Explanation:

Straight line method of depreciation is:

Cost - residual value/number of useful life

Cost - $62,000

Residual value - $8,000

Number of years - 5years

=62,000 - 8,000/5

=57,000/5

$10,800.

Therefore, $10,800 will be charged every year.

8 0
3 years ago
9)What is the dominant strategy for bidders in an English oral auction?9)A)Bid until the previous bid price equals the reservati
Sophie [7]

Answer: B) Keep bidding until all other bidders quit, regardless of your reservation price.

Explanation: Familiar to English auctions, the bidders are aware of the prices of items on sale and the numbers of other bidders. This price is known as the reserve or reservation price which is the limit on the price of the item on sale set by the seller (that is the lowest price the seller is willing to sell the item). The bids start at a low price and keeps coming in until there are no more bids irregardless of the reservation price set. It probably depends on how much you value the item on sale and are willing to pay for it. Not necessarily on the reservation price.

3 0
3 years ago
Which of these are considered rewards of practicing management? Building a catalog of successful products or services Becoming a
Juliette [100K]

Answer:

The rewards of practicing management include:

a. Building a catalog of successful products or services

b. Becoming a mentor and helping others

c. Experiencing a feeling of accomplishment along with your employees

d. Magnifying your range and stretching your abilities

Explanation:

When management is truly practiced, the rewards are usually great.  The rewards cannot be quantified by what one person has accomplished, because it has some multiplier effects.  Organizational efficiency is also improved.  For those in management, they will gain much experience which they can easily pass to others through mentoring and coaching.  With their employees, they will also feel a sense of having accomplished something meaningful.  Management also gives one the ability to go beyond one's natural range, stretching the person's abilities, and enabling her to attain better outcomes than initially imagined.

3 0
2 years ago
Anytown households that earn more than $75,000 tend to buy sports equipment, while households that earn less than $75,000 tend t
Tema [17]

Answer:

an electronics store

Explanation:

This is so because there is more population that earns less than $75,000 and they are people that like to spend their money on buying electronics such as TVs. So a new business dedicated to selling electronics (TVs, computers, mobile phones, and so on) could have a great opportunity with this population. More people would be attracted to visit the shop location or buying online.

Hope this answer helps you :)

Have a great day

Mark brainliest

8 0
3 years ago
Other questions:
  • Consider the following demand schedule for bags. Price Quantity ​$99 5252 ​$1111 4848 ​$1313 4040 When the price of bags rises f
    5·1 answer
  • Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realizatio
    13·1 answer
  • Premier Co. produces park equipment and is currently producing 10,000 park benches annually. A supplier has offered to produce t
    5·1 answer
  • Lancelot Manufacturing is a small textile manufacturer using machineminushours as the single indirectminuscost rate to allocate
    6·1 answer
  • Overhead costs: Multiple Choice Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost o
    7·1 answer
  • The maturity date of a note receivable: Multiple Choice
    7·1 answer
  • In a classical model with fixed factors of production and flexible prices, the amount of consumption spending depends on _____ ,
    8·1 answer
  • What types of services do property taxes typically pay for?​
    15·1 answer
  • How do you identify the need for the meeting?​
    15·1 answer
  • Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimbe
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!