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3 years ago

PA6.

Business

1 answer:

inysia [295]3 years ago

6 0

Answer:

(The data is missing so we cannot prepare the complete cash budget but lets see how it is prepared. The data given in the question has only been added in cash budget)

Cash Budget is prepared in same way as statement of cashflow. The detail cash budget format is given below.

Poster Company

Cash budget

1st and 2nd quarter

Cash from operations

Sales xxxx

Purchase (xxxx)

Other expenses paid (xxxx)

Net cash from operation xxxx

Cash from Investment activities

Sale of Assets (10,000+4,500) $ 14,500

Any investment made (xxxxxx)

Net Cash from investing activities xxxxxx

Cash from Finance Activities

Financial Charges paid ( xxxxxxx)

Dividednd paid $ 4,500

Net Cash from Financing activities xxxxxxxx

Net cash increase/ decrease xx/ (xx)

Opening balance $60,359

Cash balance at end xxxxx

(xxx represents missing values)

You might be interested in

In producing a budget constraint line for combinations of staples and paper clips, which are sold by the box, a student labels t

kumpel [21]

Answer:

Boxes of staples (maximum) that can be purchased by available income are 5.

Maximum boxes of paper clips that can be purchased by available income are 10.

Explanation:

Budget Line is the graphical representation of product combinations, that consumer can purchase with prices & income (spending all income).

It is downward sloping - as given same income & price levels, one good's consumption can be increased by reducing consumption of other good.

The intercept of downward sloping budget line is the maximum amount of that axis good which that consumer can consume with given income, price.

That maximum amount of purchasable good is Income/price of that good. Eg: Income = 100, Price of Good 1 on X axis = 10, Price of Good 2 on Y axis = 5. So :

Maximum amount of good 1 purchasable = 100/10 = 10. It is on X axis, x axis intercept is (10,0) ; and
Maximum amount of good 2 purchasable = 100/5 = 20. It is on Y axis, y axis intercept is (0,5)

Good 1 & Good 2 are analogous to Staples & Paper Clips respectively.

5 0

4 years ago

Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weig

masha68 [24]

Answer:

(a) Cost of inventory sold using FIFO method = $179,280

(b) Cost of inventory sold using LIFO method = $188,700

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.

The explanation of the answers is now provided as follows:

Units of inventory sold = Units available for sale - Ending physical inventory units = 45 – 14 = 31

(a) first-in, first-out (FIFO) method

Under FIFO, inventory purchased first is sold first. Therefore, we have:

Cost of inventory sold using FIFO = 12 units at $5,400 each from Jan. 1 + 18 units at $6,000 each from Aug. 7 Purchase + 1 unit at $6,480 from Dec. 11 Purchase = (12 * $5,400) + (18 * $6,000) + (1 * $6,480) = $64,800 + $108,000 + $6,480 = $179,280

(b) last-in, first-out (LIFO) method

Under LIFO, inventory purchased last is sold first. Therefore, we have:

Cost of inventory sold using LIFO = 15 unit at $6,480 each from Dec. 11 Purchase + 16 units at $6,000 each from Aug. 7 Purchase = (15 * $6,480) + (16 * $6,000) = $97,200 + $96,000 = $188,700

(c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).

Under the weighted average cost method, the cost of goods available for sale is divided by the number of units available for sale to obtain average cost per unit. This is then used to multiply the total units sold to obtain the cost of inventory sold as follows:

Weighted average cost per unit = Cost of goods available for sale / Units available for sale = $270,000 / 45 = $6,000

Cost of inventory sold using weighted average cost method = Units of inventory sold * Weighted average cost per unit = 31 * $6,000 = $186,000

Download pdf

6 0

3 years ago

Suppose a stock had an initial price of $58 per share, paid a dividend of $1.90 per share during the year, and had an ending sha

posledela

Answer: Dividend yield is 3.3%

Capital gains yield is 17.24%

Explanation:

Dividend yield is given as the ratio of annual dividend per share and stock's price per share.

Dividend per share = $1.9

Share price = $58

Dividend yield = 1.9/58 = 0.033 or 3.3%

Capital gain yield is the appreciation in the price of a stock expressed as a percentage.

Capital gain yield = (current price – original price) / original price x 100

Current price = $68

Original price = $58

CGY = (68-58)/58 * 100 = (10/58)*100 = 17.24%

4 0

3 years ago

Which selection below is not a leadership style

EastWind [94]

Autocratic
All the other options are a type of leadership

6 0

4 years ago

Avia Company sells a product for $150 per unit. Variable costs are $70 per unit, and fixed costs are $1200 per month. The compan

Leya [2.2K]

Answer:

$80 per unit

Explanation:

Data provided in the question:

Per unit selling cost of the product = $150

Per unit variable cost of the product = $70

Total fixed cost per month = $1200

Now,

The unit contribution margin is calculated as:

unit contribution margin = Selling price per unit - Variable cost per unit

Thus,

unit contribution margin = $150 - $70

unit contribution margin = $80 per unit

Hence,

The correct answer is option $80 per unit

4 0

3 years ago