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Furkat [3]
3 years ago
6

Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $23,000. Budgeted cash receipts tot

al $136,000 and budgeted cash disbursements total $135,000. The desired ending cash balance is $58,000. To attain its desired ending cash balance for December, the company needs to borrow:
Business
1 answer:
xenn [34]3 years ago
4 0

Answer:

The business will need to borrow $34,000

Explanation:

We will need to analyse the cash flows the business has in order to determine how much needs to be borrowed to meet the ending cash balance desired.

The opening cash balance is $23,000, cash inflow as receipts is $136,000

So total cash on hand will be 23,000+ 136,000= $159,000

The cash on hand less disbursements will give ending balance

Ending balance = 159,000 - 135,000

Ending balance= $24,000

Desired closing balance is $58,000

Balance to meet desired cash= 58,000 - 24,000

Balance to meet desired cash= $34,000

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Kankakee Cosmetics Company is planning a one-month campaign for December to promote sales of one of its two cosmetics products.
Masja [62]

Answer:

Kankakee Cosmetics Company

Differential Analysis for Moisturizer:

Relevant Costs:

Direct Materials $12.00

Direct labor $8.00

Var. Factory O/H $3.00

Var. selling expenses $2.00

Total Variable costs = $25.00

Unit Selling price = $35.00

Contribution = $10.00

Total contribution = $400,000

Advertising, etc. = $150,000

Differential Profit = $250,000

Differential Analysis for Perfume:

Relevant Costs:

Direct Materials $20.000

Direct labor $10.00

Var. Factory O/H $6.00

Var. selling expenses $3.00

Total Variable costs = $39.00

Unit Selling price = $55.00

Contribution = $16.00

Total contribution = $480,000

Advertising, etc. = $150,000

Differential Profit = $330,000

Explanation:

A differential analysis is a managerial accounting technique that considers factors that are unique to each decision and uses those factors to arrive at a decision.

It is also called incremental analysis.  In the analysis, differential revenue of each alternative and their differential costs are compared to find the alternative that yields the greater profits.

Fixed costs or sunk costs are not taken into account with this type of analysis.  Only the variable costs are considered, because they make the differences.

6 0
3 years ago
Given the graph below, determine the average cost of utilities for both Orlando, FL and Indianapolis, IN during the 6 month peri
kirza4 [7]

Answer:

c.

The average monthly utility bill for Orlando, FL is $85.33 more than Indianapolis, IN.

Explanation:

Just did the practice on there for Home Ownership

5 0
3 years ago
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chi
rodikova [14]

Answer:

The correct answer is the difference between governance and management oversight.

Explanation:

In conflict and post-conflict situations it is necessary that the security sector is governed by the principles of effective governance and accountability, to prevent this sector from misusing its prerogatives, that the authorities abuse its control over the actors in the security sector and, above all, to build public confidence and establish or restore the legitimacy of the sector (UNODC, 2011). For this to happen, it is necessary that the security sector actors accept that their decisions and actions can be questioned and that any inappropriate behavior can have consequences such as compensation for victims or sanctions. Without this type of accountability and transparency, corruption and other inappropriate behavior can flourish (UNODC, 2011).

4 0
3 years ago
Baltimore Inc. reported pretax GAAP income of $45,000 in 2020. In analyzing differences between GAAP income and taxable income,
Reptile [31]

Answer:

Baltimore Inc.

a. Total taxable income = $47,200

b. Income tax payable = $11,800

c. Income tax expense = $11,250

d. Net income = $33,750

Explanation:

a) Data and Calculations:

GAAP determined pretax income =      $45,000

Add nondeductible fines                           5,000

Less exempt municipal interest revenue 2,800

Total taxable income                             $47,200

Income tax (25%)                                      11,800

Income tax expense:

GAAP determined pretax income =      $45,000

Income tax (25%)                                       11,250

Net income                                            $33,750

b) The differences between the GAAP determined pretax income and the tax determined taxable income are due to permanent differences (not temporary).  This implies that there are no deferred tax assets and liabilities and no recoveries from deferred taxes.  However, in reporting its financial performance for the year, Baltimore Inc. still has to comply with the GAAP rules and not the tax rules.

8 0
3 years ago
A production line has three machines A, B, and C, with reliabilities of .99, .96, and .93, respectively. The machines are arrang
Lina20 [59]

Answer: plan B is better

Explanation:

Machines _____reliability

__A__________ 0.99

__B__________ 0.96

__C__________ 0.93

Backup machines A, B, C also have similar probabilities :

PLAN 1:

P(success) = 0.99 * 0.96 * 0.93 = 0.8839

P(line fails) = 1 - 0.8839 = 0.1161

P(backup) = 0.99 * 0.96 * 0.93 = 0.8839

P(success) + [p(line fails) * p(backup)]

0.8839 + (0.1161 * 0.8839)

0.8839 + 0.10262079

= 0.9865

Plan B:

Backup is provided for each machine ;

P(success) + [p(line fails) * p(backup)] for each of machine A, B and C

Machine A:

0.99 + (1 - 0.99)*0.99 = 0.9999

Machine B:

0.96 + (1 - 0.96)*0.96 = 0.9984

Machine C:

0.93 + (1 - 0.93)*0.93 = 0.9951

A*B*C = 0.9999 * 0.9984 * 0.9951 = 0.9934

Plan B has greater probability of success.

2.) plan A provides a central or one single backup option should any of the machines fail. However, plan B provides separate backup options for each of machines A, B and C.

3.) choosing a plan may also depend on the cost of providing each backup plan.

3 0
3 years ago
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