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qaws [65]
3 years ago
15

Zhang Industries is preparing a cash budget for June. The company has $28,000 cash at the beginning of June and anticipates $95,

000 in cash receipts and $118,790 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $20,000 cash balance.
Business
1 answer:
AleksandrR [38]3 years ago
8 0

Answer:

The correct answer is $15,790.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the amount of borrow by using following formula:

Amount of borrow = Desired ending balance - Balance before adjustment

where, Balance before adjustment = Opening balance + Cash receipts - Cash disbursement

= $28,000 + $95,000 - $118,790

= $4,210

So, by putting the value, we get

Amount of borrow = $20,000 - $4,210 = $15,790

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D) distributive

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The salary is not distributed as required as per Jackie so this is perceiving distributive justice.

8 0
3 years ago
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor
WARRIOR [948]

Answer:

$93,750

Explanation:

Required: "<em>Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours."</em>

<em />

Total estimated overhead costs (A) = 150,000

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Overhead allocation rate (C) = A/B = 150,000/24,000

Overhead allocation rate (C) = $6.25 Per labor hour

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5 0
2 years ago
Phân phối của tài chính có đặc điểm *
Sindrei [870]

Answer:

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5 0
2 years ago
aylor &amp; Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,0
fenix001 [56]

Answer:

Unitary prime cost= $170.24

Explanation:

Giving the following information:

Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.

Direct labor= $880,000.

Manufacturing overhead equaled $495,000

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7 0
3 years ago
During the current year, Walter invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership
Bond [772]

Answer:

B) Only statement II is correct.

  • II. Has $20,000 of taxable income from Corporation Z.

Explanation:

One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).

On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.

8 0
3 years ago
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