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zhuklara [117]
3 years ago
12

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.

Business
1 answer:
Georgia [21]3 years ago
5 0

Answer:

$47,000

Explanation:

The cash budget is a forecast of the company's expected movement in cash considering the expected outflows and inflows. This movements result in a change between the opening and ending cash balance. This may be expressed mathematically as

Opening balance + Cash receipts - Cash disbursed = ending balance

Cash receipts for the period

= $264,000

Cash disbursed

= $138,000 + $80,000 + $10,000 + $15,000

= $243,000

ending balance  = $26,000 + $264,000 - $243,000

= $47,000

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With 100 employees on staff, your company's insurance company recommended an online two-hour seminar each employee should watch
Helga [31]

Answer:

$7,000

Explanation:

The insurance company will actually save some money, but I doubt that your company does. We can assume that the seminar will be paid by the insurance company and it costs $15,000. After watching that seminar, accidents should decrease by 25% of an equivalent to = $88,000 x 25% = $22,000

Since the insurance company will save $22,000 with the seminar and the cost of the seminar is $15,000, its net gain = $22,000 - $15,000 = $7,000

6 0
3 years ago
Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable sel
Alex_Xolod [135]

The company's break even points in unit sales is 43,000 units.

Above the actual sales volume of 42,000 units is the break-even point.

<h3>What is Break Even point?</h3>
  • In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
  • Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
  • A graph with a function that represents the fixed costs is also helpful.
  • No matter how many units are manufactured, the fixed cost is always 1200, hence the fixed costs function is shown as a horizontal line (FC = 1200).
  • Any of the following will raise the break-even point: an increase in the quantity of fixed charges or expenses for the business.
  • An increase in variable expenditures and expenses per unit. A drop in the selling prices offered by the company.

Learn more about break even point here:

brainly.com/question/14980499

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5 0
2 years ago
In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable
leva [86]

Answer:

Total Current assets = $622,000

Explanation:

<u>Balance sheet (For the year ending)</u>

<u>Current asses                   Amount     </u>

Accounts receivable        $220,000

Cash                                  $83,000

Stock                                 $275,000

Finished goods $89,000  

Raw materials   $94,000

W.I.P                  $92,000

<u>Prepaid expenses            $44,000     </u>

<u>Total Current assets        $622,000  </u>

7 0
2 years ago
When leaders of an organization compete and debate for scarce resources. They are operating within which frames of reference?
natali 33 [55]

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6 0
3 years ago
In the last two years, BMW AG, the Bavarian auto maker, has developed a car made primarily from carbon-fibers that is not only l
Elis [28]

The new manufacturing plant of BMW vehicles will be engaged in the process of mass production.        

<h3>What is mass production?</h3>

The process of production, wherein a large proportion of goods or inventories are produced by a business organization to reduce the costs of production, is known as mass production.

Hence, option B states about mass production. Complete question has been added in the image for reference.

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5 0
2 years ago
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