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3 years ago

Court Enterprises Inc. would like to prepare a summary cash budget for March. The following information is available:

Business

1 answer:

Vsevolod [243]3 years ago

6 0

Answer:

$8,500

Explanation:

The computation of the cash balance at the end of March is shown below:

Opening Cash Balance $3,000

Add: Cash Collection from Sales $53,500 (($50,000 × 65%) +($60,000 × 35%)

Total Cash Available $56,500

Less: Cash Payments

Inventory $19,000 (($20,000 × 50%) + ($18000 × 50%)

S&A Expense $4,000

Loan & Int Payment $25,000

Depreciation - (Non Cash Expense)

Closing Cash Balance $8,500

We simply added the cash receipts and deduct the cash payments to the opening cash balance so that the ending cash balance could come

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Without a strong legal systems in a market economy:

STALIN [3.7K]

Answer:

<u>A) private-sector entrepreneurs can expropriate the profits generated by the efforts of private and public entities.</u>

Explanation:

As there exist four basic structures of the market economy in the form of perfect competition, imperfect competition, oligopoly, and monopoly.

Thus without any legal system of trade in the market economy, the profits that are generated by the public and private sectors can be taken away by these entities as a large number of small firms tends to compete in the market against each other with there homogenous products.

Thus under such circumstances, the market economy would deprive all the profits made by the other forms in the market and put barriers to entry for others. Buyers thus will be deprived of the quality products.

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3 years ago

The cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial acc

Alekssandra [29.7K]

Answer:

False

Explanation:

The GAAP established that when the benefits of obtaining accounting information are lower than the costs of providing that information, the information should not be provided.

For example, sometimes there are very small differences in certain accounts that don't allow a balance sheet to be balanced. If the accounting error is very small, e.g. just a few hundred dollars, then it is not reasonable to have a whole audit team check all the financial statements again to determine what caused the error. An adjusting entry could be made to close the account balances.

Imagine you are an auditor that must check the physical inventory of a factory and some boxes containing supplies are misplaced. It might take you a whole day to count again all the supplies and materials, but is it worth it? If the supplies were really expensive, probably yes, but if they were cheap components, then probably no.

3 0

3 years ago

Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold

BabaBlast [244]

Answer:

calcule estúpido malparido

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3 years ago

You are a beginning investor with only $5,000 in savings. How can you achieve a widely diversified portfolio at reasonable cost

Simora [160]

Buy shares in a mutual fund. Mutual funds pool savings from many individual investors and then
invest in a diversified portfolio of securities. Each individual investor then owns a proportionate
share of the mutual fund's portfolio.

4 0

3 years ago

You are given the following information for Ted’s Dread Co.: sales = $82,000; costs = $57,700; addition to retained earnings = $

vazorg [7]

Answer:$6,843.33=Depreciation

Explanation:

To Calculate the depreciation expense for the company

Net income = Dividends + Addition to retained earnings

Net income = $3,320 + 7,500

Net income = $10,820

Also,

Net income = Taxable income - (Taxable income)(Tax rate)

Net income = Taxable income(1 - Tax rate)

Therefore,

Taxable income = Net income / (1 - Tax rate)

Taxable income = $10,820 / (1 - 0.25

Taxable income = $10,820/0.75 =14,426.67

But

EBIT -interest = taxable income,So

EBIT = Taxable income + Interest

EBIT = $14,426.67+3,030

EBIT = 17,456.67

EBIT = Sales - Costs - Depreciation

$17,456.67 = $82000 - 57,700 - Depreciation

$17,456.67= 24,300-Deprecistion

Depreciation =24,300-17456.67 =

$6,843.33

4 0

3 years ago