Answer:
Cash balance is $85,000
Explanation:
In determining the cash balance of the period, we must know how much is the inflow and outflow of the cash for the period and add it or deduct to the beginning balance. It is simply, beginning balance plus inflows less outflows. February is the first month of the operation of Schwenn Enterprises, that only means the possible beginning balance of the cash is the cash investment. So to further discuss it clearly, let’s do the computation.
Beginning balance on February $100,000
Add: inflow
Cash sales $20,000
Less: outflow
payment on expenses $35,000
CASH BALANCE AT FEBRUARY 28 $85,000
Answer:
Explanation is given below
Explanation:
Given that, the total budget for the media is only $1,000 per month.
For the allocation, each type of media would get at least 25% of the budget.
Hence, from the available information, we have the following:
Parameters:
$1000 = Monthly advertising budget
25%= Minimum spending for each type of media
50 = Value of the index for local newspaper advertising
80= Value of the index for spot radio advertising
Decision variables;
x1= Newspaper advertising budget
x2= Radio advertising budget
LP Model;
Maximize Z=50x1+ 80x2
Subject to:x1+ x2≤1000
x1≥ 250
x2≥ 250
x1,x2≥ 0
p.s. OptimumZ=72, 500,
x1=250,
x2=750
Answer:
The correct answer is letter "C": Select the type of transaction she wants to make recur.
Explanation:
QuickBooks is an online accounting tool useful for companies to have their record-keeping transactions in the cloud. QuickBooks allows access to financial information using mobile devices and provides different features among the most important having automated transactions.
To create a new automated transaction, the user must follow these steps: Choose the Gear icon > Recurring Transactions > New > Transaction Type. Among the transaction types available we can identify billing, deposits, transfers, and purchase orders.
Answer:
a. $39,000
b. $85,000
Explanation:
The computations are shown below:
a. Tax on real property would be
= Valued of real property × tax rate
= $1,300,000 × 3%
= $39,000
b. Tax on real property would be
= Property's assessed value up × tax rate + difference of property value × increased tax rate
= $2,000,000 × 3% + $2,500,000 × 1%
= $60,000 + $25,000
= $85,000
Answer:
Controllable variance
Explanation:
The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved
Hence, as per the given situation, the controllable variance is to be considered
Therefore the above represents the answer
