The sticky-wage theory of the short-run aggregate supply curve says that when the price level is lower than expected, production

Your Company makes and sells a single product. Each unit sells for $32 dollars and has a unit variable cost of $20. The company

andre [41]

Answer:

Your Company

The cash that must be borrowed to cover all cash disbursements and to obtain the required November 30 cash balance is:

= $18,000.

Explanation:

a) Data and Calculations:

Selling price per unit = $32

Variable cost per unit = $20

Contribution margin per unit = $12 ($32 - $20)

Beginning cash balance on November 1 = $45,000

Cash disbursements = $1460,000

Depreciation expense = $35,000

Minimum required cash balance on November 30 = $75,000

Budgeted sales units for November = 46,000

Sales revenue (cash) = $1,472,000 (46,000 * $32)

Variable costs = 920,000 (46,000 * $20)

Contribution margin = $552,000 (46,000 * $12)

Cash Budget

For the month of November

Beginning cash balance $45,000

Total cash collections = 1,472,000

Cash available $1,517,000

Cash disbursements (1,460,000)

Cash balance $57,000

Cash to borrow 18,000 ($75,000 - $57,000)

Minimum cash balance $75,000

3 0

3 years ago

The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called

Helen [10]

Answer:

Depletion

Explanation:

The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called Depletion

3 0

3 years ago

_____ 7. While North Americans want to decide the main points at a business meeting and leave the details for later, people in t

Afina-wow [57]

Answer:

"Mexico" is the appropriate answer.

Explanation:

Throughout the case of Mexican individuals, what and when to talk in the discussions or conferences is punctual.
Furthermore, you wouldn't overlook the little characteristics because doing so would generate misunderstanding or some complications. You mention as well as continue to talk all about that at the conference.

3 0

3 years ago

What is the term for media for broad popular audiences—including newspapers, radio, and television?.

astra-53 [7]

Answer:

Mass media

Example

Mass media is actually the primary means of communication for the general public to communicate with each other as well as on a grander level. The most popular types of mass media include Newspapers, Radio, Television, Internet, Magazines.

8 0

3 years ago

Benz Company is considering the purchase of a machine that costs $100,000, has a useful life of 18 years, and no salvage value.

Marysya12 [62]

Answer:

B. $14,600

Explanation:

The annual cash inflows associated with the machine can be found by the following expression, where 'r' is the company's discount rate of 12% and 'n' is the useful life of the equipment of 18 years:

$-investment+ X*\frac{(1 - (1 + r)^{-n})}{r} =NPV\\\\-\$100,000 + X*\frac{(1 - (1 + r)^{-n})}{r} =\$5,850\\-\$100,000 + X*\frac{(1 - (1 + 0.12)^{-18})}{0.12} =\$5,850\\X=\frac{\$105,850}{7.25} \\X=\$14,600$

Annual cash inflows are $14,600.

8 0

3 years ago