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SashulF [63]
3 years ago
14

Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materia

ls purchases budget shows the following expected purchases on account: April $374,400 May 411,200 June 416,000 Pilsner typically pays 25% on account in the month of billing and 75% the next month.Required: 1. How much cash is required for payments on account in May?
2. How much cash is expected for payments on account in June?
Business
2 answers:
n200080 [17]3 years ago
4 0

Answer:

1. Cash required for payment in May - $383,600

2. Cash expected for payment in June - $412,400

Explanation:

Payments are made in two parts for the purchase of direct materials. From which 25% is being paid in the same month as bill and remainder (75%) in the next month. Therefore, the cash required for May would be calculated as follows:

$411,200 x 25% = $102,800 (Payment made same month)

$374,400 x 75% = $280,800 (Payment for the previous month, April)

Cash Required for payment in May is $383,600 ($102,800 + $280,800)

Cash expected for payments for June would be as follows:

$416,000 x 25% = $104,000 (Payment made same month)

$411,200 x 75% = $308,400 (Payment for the previous month, May)

Cash Expected for payment in June is $412,400 ($104,000 + $308,400)

Ganezh [65]3 years ago
3 0

Answer:

1. $383 300 is due for the month of May.

2. $412 400 is due for the month of June

Explanation:

1. May = ($374000 * 75% from April purchases) + ($411 200 * 25% from May purchases)

= $280 500 + $102 800  

= $383 300 is due for the month of May

2. June = ($411 200 * 75% from May purchases) + ($416 000 * 25% from June purchases)  

= $308 400 + $104 000

= $412 400 is due for the month of June

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Answer:

A. Bonuses

Explanation:

A bonus is a type of compensatory amount given to the employees as a form of appreciation. The performance of the employees are considered and the bonus is provided to them based on their contribution. These are mainly provided on special occasions, especially when a sound revenue is generated in the company. Giving a bonus to the employees helps in building a bond among the employee and the company.

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3 years ago
When the activity level changes, ______. Multiple select question. total variable cost changes variable cost per unit changes to
miskamm [114]

When there is a change in activity level, then:

  • Total variable cost changes.
  • Variable per unit remains constant.

<h3>What happens when activity level changes?</h3>

As a result of the change in activity level, the variable cost will change in total because it increases when there is an increase in number of units produced.

The unit variable cost will however remain the same as the company incurs the same variable cost per unit produced.

Find out more on variable cost per unit at brainly.com/question/26373444.

8 0
2 years ago
Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business Select one:
Pani-rosa [81]

Answer:

b. Reducing the minimum wage and the time and cost to open a business would shift the long-run aggregate supply curve to the right

Explanation:

Minimum wage is a wage set by the government, to pay for laborers. Wages below this is illegal. Wages are also a major cost to any firm. When they have been reduced, cost of production is likely to fall. Cost of production is a factor affecting supply. When cost of production falls, supply shifts right.

This is explained as that when cost of production falls, businesses can now make higher profits. This acts as a motivation for many other firms to also enter into the market. Therefore, supply is likely to rise in the long-run, shifting the supply curve to the right.

Time and cost to open a business is another factor affecting supply. When the time and cost is high, it discourages new firms because they do not want to undergo the hassle of submitting many legal documents or may not have enough funds to pay for all the costs. However, when the cost and time taken falls, more firms will be willing and able to enter into the market. Thus, the supply curve shifts right in the long run, increasing quantity supplied.

6 0
3 years ago
On May 3, 2017, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2017, and carries a 6.86% inter
Semmy [17]

Answer:

704076 $

Explanation:

Exact statement of the question is:

<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>

Solution:

Fro 3rd May to October 1st. 2017 there are 151 days

But 365 days = 1 year

==> 151 days = 151× 1/365 =0.414 years

But we use 1 year as one term

==> 1year = 1T

==>  T = 0.414

R= 6.86

P= 685000

A=?

We use formula for the term:

A= P(1+ \frac{R}{100} )^{T}

Where A= ammount at the end of term

P= Loan amount

R= Rate of interest

T= No. of terms

Putting values in this formula;

==> A= 685000×(1+\frac{6.86}{100}) ^{0.414}

==> A= 685000 × 1.02784938489=704076 $

6 0
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Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. Customers complained, saying they
iVinArrow [24]

Answer:

It is Control the inventory process (B)

Explanation:

Control the inventory process : Unusual shortage of products on Walmart shelves is an evidence of poor inventory control system.

The deficiencies in the system must be identified and then appropriate corrective control system to address them must be put in place.

A system that prevent stock-out on the shelves must be adopted and its compliance must be enforced.

5 0
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