Answer:
<u>Cash Budget</u>
Explanation:
A cash budget is a summarized presentation of a company's projected future cash receipts and payments. The finance section of such a budget also reveals the borrowing requirements and the mode of finance taking into consideration the repayment schedule and interest payment obligations.
A cash budget is prepared at the last following all other budgets. The budget is prepared with an objective of ascertaining future surplus or cash deficit.
In the given case, the finance manager is concerned of the borrowing requirements for the upcoming period and recognizes the benefit of estimating future cash payments and short term investments. In such case,a cash budget would provide relevant information.
Answer:
A. 3,750 units.
Explanation:
Since the inventory level is planned in such a way that the ending inventory of finished goods for a specific month is always equal to 15% of the units which will be sold during the next month, therefore, the ending inventory for month of May will be equal to the 15% of units which will be sold in the month of the June and shall be determined as follow:
May Ending inventory=0.15*units to be sold in June
=0.15*25,000
=3,750 units
So based on the above discussion and calculations, the answer is A. 3,750 units.
When consumers and businesses have greater confidence that they will be able to repay in the future, <u>the quantity demanded of financial capital at any given interest rate will shift to the right.</u>
Answer:
Bradford's estimated variable manufacturing overhead cost is $127,200
Explanation:
The cost function=$83,000+$12M
where M stands for machine hours required to produce the expected output in the month under review.
Each one-six unit case of Bradford's single product requires two machine hours,hence 5,300 cases would require 10,600 hours(5,300*2hrs).
Total estimated variable manufacturing overhead=cost per machine hour*expected number of machine hours
cost per machine hour is $12 as seen in the cost function
estimated variable manufacturing overhead=$12*10,600=$127,200
Answer:
D. Government agency report
Explanation:
D. makes the most sense!! Good luck!
