1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marianna [84]
3 years ago
13

Wright ​Services, Inc., has $ 8 comma 800 cash on hand on August 1. The company requires a minimum cash balance of $ 7 comma 400

. August cash collections are $ 548 comma 400. Total cash payments for August are $ 563 comma 380. Prepare a cash budget for August. How much​ cash, if​ any, will Wright need to borrow by the end of August​?
Business
1 answer:
Marysya12 [62]3 years ago
4 0

Answer:

- $13,580

Explanation:

The preparation of the cash budget for August month is shown below:

Cash on Hand on August 1                $8,800

Add: August cash collections            $548,400

Total cash available                            $557,200

Less: Total cash payments                - $563,380

Ending cash balance                          - $6,180

Less: Minimum cash balance             - $7,400

Borrowed amount                              - $13,580

You might be interested in
Downloading music tracks owned by record companies without paying for them is an example of a violation of: Question 3 options:
Andrei [34K]

Answer:

A) copyright law

Explanation:

The copyright law is one which protects the original author's work, e.g movies, music etc, from unlawful distribution or redistribution. The law guides against the inappropriate redistribution of the work. In each country, there is always a government organization that regulates and protects an author's right by copyright.

It is an offence to disobey the copyright law, as the author has the right to charge the offender to a law court for required prosecution.

7 0
3 years ago
Calla Company produces skateboards that sell for $56 per unit. The company currently has the capacity to produce 95,000 skateboa
Tema [17]

Answer:

Calla Company

Three-column comparative Income Statement:

                                                  Normal         Special order       Total

Sales Revenue                       $4,580,800         $673,200     $5,254,000

Cost of sales:

Direct materials                      $ 981,600           $158,400       $1,140,000

Direct labor                                613,500              99,000            712,500

Overhead                                  954,000              76,973         1,030,973

Selling expenses                      558,000               84,151             642,151

Administrative expenses          477,000                  890            477,890

Total costs and expenses  $ 3,584,100           $419,414      $4,003,514

Net income                           $ 996,700         $ 253,786     $1,250,486

Explanation:

a) Data and Calculations:

Annual production capacity = 95,000 units

Actual annual production and sales = 81,800 units

Special order (units) = 13,200

Selling price (normal) = $56 per unit

Special order selling price = $51 per unit

Direct materials                      $ 981,600

Direct labor                                613,500

Overhead                                  954,000

Selling expenses                      558,000

Administrative expenses          477,000

Total costs and expenses  $ 3,584,100

Three-column comparative Income Statement:

                                                  Normal         Special order       Total

Sales volume                             81,800                  13,200         95,000

Selling price                                $56                     $51    

Sales Revenue                       $4,580,800         $673,200     $5,254,000

Cost of sales:

Direct materials                      $ 981,600           $158,400       $1,140,000

Direct labor                                613,500              99,000            712,500

Overhead                                  954,000              76,973         1,030,973

Selling expenses                      558,000               84,151             642,151

Administrative expenses          477,000                  890            477,890

Total costs and expenses  $ 3,584,100           $419,414      $4,003,514

Net income                           $ 996,700         $ 253,786     $1,250,486

1. Direct materials cost per unit = $981,600/81,800 = $12

2. Direct labor cost per unit = $613,500/81,800 = $7.50

3. Variable Overhead cost = $954,000/2 = $477,000

Variable overhead cost per unit = $477,000/81,800 = $5.83129

4. Variable selling expenses = 70% of $558,000 = $390,600

Variable selling expenses per unit = $390,600/81,800 = $4.77506

Additional selling expense per unit = $6.37506 ($4.77506 + $1.60)

Selling expense for special order = 84,151($6.37506 * 13,200)

5. Administrative expenses increased by $890

8 0
3 years ago
What stock exchange does Netflix trade on?
Leokris [45]

Answer:

Netflix trades on NASDAQ.

6 0
3 years ago
The marketing *blank*
Firlakuza [10]
Cnxnnxnxnx didn’t bend d s and bdjsbsnsnd
3 0
3 years ago
Samantha is asked by her boss to attend the supervisors' meeting in the afternoon, and to participate in a brief discussion on t
djverab [1.8K]

Answer:

E) She should anticipate and outline the questions and objections the supervisors will have to this proposal, so that she can address them.

Explanation:

Even though this meeting might be just one more meeting for her supervisor, it will be a very important meeting for Samantha. She needs to give a good impression of herself and the work she does. In order to do this, she has to try to anticipate the questions that other supervisors will make regarding her proposal. She must also be prepared to argue against any possible objections.  

7 0
3 years ago
Other questions:
  • H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory informatio
    10·1 answer
  • ​A boy migrated from Honduras through Guatemala and Mexico, thenentered the United States without immigration documents, because
    11·1 answer
  • Which of the following personnel policies is not relevant to recruitment
    7·2 answers
  • Which of the following statements about the Consumer Decision Process is false?
    6·1 answer
  • After informing his employer that he had cancer, Maury was abruptly fired. The federal legislation that prohibits discrimination
    15·1 answer
  • Analysts predicted earnings per share (EPS) for your company to be $0.XX at the close of 20XX. How does this compare to actual E
    13·1 answer
  • When the Central Bank lowers the bank rate, borrowing from the central bank becomes cheaper and commercial banks borrow more fro
    6·1 answer
  • [The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated Janu
    11·1 answer
  • Mutual funds _____. a. are investment companies that use funds provided by savers to buy various types of financial assets, incl
    14·1 answer
  • New technologies are allowing more women and young people to start businesses. This is mainly because
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!