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MaRussiya [10]
3 years ago
7

When preparing the cash budget, all the following should be considered except: Group of answer choices Cash receipts from custom

ers. Cash payments for merchandise. Depreciation expense. Cash payments for income taxes. Cash payments for capital expenditures.
Business
1 answer:
seraphim [82]3 years ago
8 0

Answer: Depreciation expenses

Explanation:

When preparing the cash budget, the things to be considered are the cash receipts from customers, cash payments for merchandise, cash payments for income taxes and the cash payments for capital expenditures.

The depreciation expenses is not considered because cash is not involved and it is a contra entry.

You might be interested in
Can someone tell me facts about local fundraising. maybe 2 or more facts
Xelga [282]

Answer:

-can provide you with supplemental funds that enhance what your group does and provide new opportunities for your members

- nurture and expand awareness for the cause, project, or brand that you are raising money for

-save and change lives, cure illnesses, protect the planet and make Government change the way they operate

3 0
2 years ago
A diet is to contain at least 3640 mg vitamin C, 2190 mg Calcium, and 2170 calories every day. Two foods, a dairy-based meal and
vovangra [49]

Answer:

(A) 73 ounces of diary-based meal and 28.8 ounces of the vegan option.

(B) The minimum cost per day is [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

Explanation:

First thing to note is that the dairy-based meal costs less than the vegan option. In otherwords, if you're to minimize cost, you should purchase as many ounces of dairy-based meal as possible. This is the first mindset or step.

What the diet should contain everyday:

3640mg - Vitamin C

2190mg - Calcium

2170 - Calories

DAIRY BASED:

(40 × 91 = 3640), (30 × 73 = 2190), (10 × 217 = 2170)

VEGAN OPTION:

(60 × 60.67 = 3640), (30 × 73 = 2190), (50 × 43.4 = 2170)

Getting 73 ounces of dairy-based meal, you have

(40 × 73), (30 × 73), (10 × 73) = 2920mg, 2190mg, 730 calories.

You have left 720mg of Vitamin C and 1440 calories to obtain from the Vegan Option.

(60 × 12 = 720), (30 × 0 = 0), (50 × 28.8 = 1440)

The highest quantity needed here is 28.8 ounces of calories from the vegan option, hence 28.8 ounces of the vegan meal should be purchased. There will be excesses of Vitamin C and Calcium but that is necessary in order to purchase the stipulated minimum amount of each nutrient.

The minimum cost per day will now be [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

8 0
3 years ago
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,405,000, $141,000 in the common stock account,
spayn [35]

Answer: $589,500

Explanation:

The cash flow to the creditors in 2016 will be calculated as:

= $94,500 – ($1,590,000 - $1,405,000)

= $94,500 – $1,590,000 + $1,405,000

= -$90,500

For the shareholders, the cash flow in 2016 will be:

= $146,000 – [($151,000 + $2,960,000) – ($141,000 + $2,660,000)]

= -$164,000

Capital spending = $970,000

Cash flow due to the net working capital investment = -$126,000

OCF

= -$90,500 + (-$164,000) + $970,000 + (-$126,000)

= $589,500

3 0
3 years ago
Front Company had net income of $82,500 based on variable costing. Beginning and ending inventories were 1,800 units and 3,200 u
3241004551 [841]

Answer:

$94,260.00

Explanation:

There is no doubt that the difference between net income under absorption costing and variable costing method lies in the treatment of fixed cost, under the former, each product is charged with fixed cost while total fixed cost is charged as a  period cost under the latter.

In essence, the fixed cost on ending inventory would have been expensed and deducted in arriving at net income under variable cost, in other words, we simply add to net income under variable costing the fixed cost attributable to an increase in ending inventory

income=$82,500+(3200-1800)*$8.40

net income=$94,260.00

4 0
2 years ago
On January 1, 2013, M. Johanson Company purchased equipment for $36,000. The company is depreciating the equipment at the rate o
andreyandreev [35.5K]

Answer:

C)$30,000

Explanation:

Since the assets will depreciate including the acquisition month, the depreciation will be calculated as $500x12= $6000 . So the Book Value will be $36000 -$6000 = $30000

3 0
3 years ago
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