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EastWind [94]
3 years ago
9

Career fulfillment means

Business
1 answer:
ANTONII [103]3 years ago
6 0

Answer:

enjoying your work and being well compensated

Explanation:

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Health mart is a retail store selling home oxygen equipment. health mart also services home oxygen​ equipment, for which the com
RUDIKE [14]

Answer:

1. Cash budget from April to June are

April $12,120

May $11,820

June $13,420

2a. $10,850 minimum cash inflow from sales is required in May.

But the Business made an inflow of $11,820.

This is sufficient to cover its expense and leave the minimum balance of $250.

HealthMart won't have to borrow in May.

2b.I. Health Mart as a result of the 10% sales slump in May will require $40 loan to finance its cashflow

2b.ii. Health Mart will not be required to borrow to fund its cashflow requirement of $11,400 in May (5% expenditure increase) because it has sufficient inflow from revenue to cover it

3. The cash budget is a key requirement of the Financial Director of any business:

a. It guides the Business Investment decision (what to do with excess liquidity)

b. It guides the Business Finance decision (whether to Fund its working Capital through additional capital injection or Loans if the Cash Budget shows long period of cash drought, if the offload Assets or restructure the Business etc)

c. It serves as a guide in deciding its credit policy or approving additional credit days to its customers or seeking more Payable days from its Suppliers.

d. It helps in determining how to stock its inventory. How much inventory to retain on hand, how often to reorder etc

Explanation:

Health Mart

1.

Cash Budget from April to June

April

*Oxygen sales - $8,000 - Credit Card (97%) + Cash (3%) received before end of day

Cash inflow = $8,000

*Service cash inflow - $4,200 - Credit Sales received this month (60%) + $4,000 credit sales received from last month sales (40%)

Cash inflow = $2,520 + $1,600 = $4,120

Total inflow = $12,120

May

*Oxygen sales - $7,500 - Credit Card (97%) + Cash (3%) received before end of day

Cash inflow = $7,500

*Service cash inflow - $4,400 - Credit Sales received this month (60%) + $4,200 credit sales received from last month sales (40%)

Cash inflow = $2,640 + $1,680 = $4,320

Total inflow = $11,820

June

*Oxygen sales - $9,000 - Credit Card (97%) + Cash (3%) received before end of day

Cash inflow = $9,000

*Service cash inflow - $4,600 - Credit Sales received this month (60%) + $4,400 credit sales received from last month sales (40%)

Cash inflow = $2,760 + $1,760 = $4,420

Total inflow = $13,420

2a.

Expected expenditure = $11,000

Deduct: Opening cash Balance = $400

Add: Cash Balance projection = $250

= Minimum Cash inflow from Revenue in May 2018 = $10,850

Actual Cash inflow in May = $11,820

2b.i.

May (adjusted inflow)

*Oxygen sales - $6,750 - Credit Card (97%) + Cash (3%) received before end of day

Cash inflow = $6,750

*Service cash inflow - $3,960 - Credit Sales received this month (60%) + $4,200 credit sales received from last month sales (40%)

Cash inflow = $2,376 + $1,680 = $4,056

Adjusted Cash inflow = $10,806

Note:

Expected expenditure = $11,000

Deduct: Opening cash Balance = $400

Add: Cash Balance projection = $250

= Minimum Cash inflow from Revenue in May 2018 = $10,850

Actual Cash inflow in May (adjusted inflow) = $10,806

2b.ii.

Expected expenditure = $11,550

Deduct: Opening cash Balance = $400

Add: Cash Balance projection = $250

= Minimum Cash inflow from Revenue in May 2018 = $11,400

Actual Cash inflow in May = $11,820

7 0
3 years ago
If the same patient has an office visit and the charge is 120.00. the patient has met the annual deductible. if medicare allows
ipn [44]

In this case, as long as the patient has met their annual deductable and out of pocket max, they will not have to pay for the visit themselves. Their insurance will take over and pay for the service. Since Medicare allows $95 for the service, they will post $95 as paid to the patients account.

5 0
3 years ago
Read 2 more answers
It is the end of the year and holiday sales are beginning. To remain competitive the manufacturers of ice scrapers for cars run
Alika [10]

Answer:

The correct answer is (b)

Explanation:

Sale promotion is an effective way to improve short-term sales and at the same time attract new potential buyers.  Ice scrapers sale promotion strategy will help them to increase their sales revenue. As they are offering buy two get one free sale on black Friday the overall prices will decrease that will increase the demand.

6 0
3 years ago
Under a partnership agreement, sarah is to receive 25% of the partnership's income, but not less than $12,000. the partnership's
Rudiy27
Given: -
 Sarah's income = 25% of the partnership income but not less than $12,000.
 Net income of partnership for the year = $32,000.  
To find: -
 1) Amount that can be deducted by partnership as guaranteed payment.
 2) Income that Sarah is to report on her tax return. 
 Solution: -
 Partnership income = $32,000
 Sarah's share = 25% of 32000 = $8,000
 But Sarah must receive $12,000 (Shortfall $12,000-$8,000=$4,000)
 So, 1) $4,000 can be deducted by partnership as guaranteed payment.
 2) Income that Sarah needs to report on her tax return = $12,000.
6 0
3 years ago
Utopia Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 3% of net cred
photoshop1234 [79]

Answer:

The answer is C.

Explanation:

Credit sales is $6,000

Bad debt is 3% of net credit sales which is $180($6,000 x3%)

Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.

According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.

So we have have:

Dr Bad debt expense $180

Cr Allowance for Doubtful Accounts $180

6 0
3 years ago
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