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3 years ago

Define a cash budget

1 answer:

5 0

A cash budget is a budget or plan of expected cash receipts and disbursements during the period. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payments. In other words, a cash budget is an estimated projection of the company's cash position in the future.

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QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company’s comparative balance sheets.

natulia [17]

Answer:

cash received from issuance234,000

cash used for dividends 24,000

Explanation:

Common stock 111,000 104,000

Paid -in excess of par 571,000 344,000

RE 317,500 291,500

Common Stock Paid-in Excess RetainedEarnings Cash

Debit Credit Debit Credit Debit Credit Debit Credit

104,000 344,000 291,500 7,000 227,000 234,000

Balance111,000 Balance: 571,000 50,000

24,000 24,000

Balance: 317,500

Beginning Earnings + Income - Dividends = Ending

Dividends= Beginning + Income - Ending

Dividends= 291,500 + 50,000 - 317,500 = 24,000

7 0

3 years ago

The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1

SOVA2 [1]

Answer:

$287.01

Explanation:

The 2 stage dividend discount model would be used to determine the current value of the stock.

first stage

Present value in year 1 = (1.6 x 1.16) / 1.071 = 1.73

Present value in year 2 = (1.6 x 1.16²) / 1.071² = 1.88

Present value in year 3 = (1.6 x 1.16³) / 1.071³ =2.03

Present value in year 4 = (1.6 x 1.16^4) / 1.071^4 = 2.20

second stage

[ (1.6 x 1.16^4) x (1.06) ] / (0.071 - 0.06) = 279.17

Value of the stock = 1.73 + 1.88 + 2.03 + 2.20 + 279.17 = $287.01

4 0

2 years ago

Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]

Anastaziya [24]

Answer:

a. $21 per machine hours

b. $4,855

Explanation:

a. The computation of the plantwide predetermined overhead rate is shown below:

Plantwide predetermined overhead rate is

= Variable overhead cost rate per machine hour + Fixed overhead cost rate per machine hour

= $2 + (fixed manufacturing overhead cost ÷ Estimated machine hours)

= $2 + ($4,275,000 ÷ 225,000 machine hours)

= $2 + $19

= $21 per machine hour

b. Now the total manufacturing cost assigned is

Particulars Amount

Direct material $1,702

Direct labor $1,221

Variable manufacturing overhead $168

(84 × $2)

Total variable cost $3,091

Add:

Fixed manufacturing overhead

(84 × $21) $1,764

Total manufacturing cost assigned

to Job P90 $4,855

7 0

2 years ago

What type of economy is the South African economy?

Kobotan [32]

Answer:South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.

Explanation:

3 0

2 years ago

Read 2 more answers

Using the weighted-average method, the equivalent units for materials are: 33,000. 41,000. 36,000. 44,000. 32,000.

ANEK [815]

Answer: $44,000

Explanation:

Equivalent units for materials in this scenario would be:

= Units completed and transferred out + Normal spoilage + Ending work in process

= 33,000 + 3,000 + 8,000

= $44,000