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expeople1 [14]
3 years ago
9

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha

se. Purchases are budgeted to be $40,000 for August and $36,000 for September. Prepare a simple cash budget for Pasadena Candle Inc. Pasadena Candle Inc. Schedule of Cash Payments for Purchases For the Mont Ending September Payments for August purchases Payments for September purchases?
Business
1 answer:
garri49 [273]3 years ago
5 0

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month                Purchased          Paid    

August               $40,000             $16,000

September        $36,000             $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases  = 0.60 x $ 40,000 + 0.40 x $ 36,000

 = $ 24,000 + $ 14,400 = $ 38,400

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Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-t
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Answer:

Intangible assets

Explanation:

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Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

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2 years ago
interest cost (the increase in pension costs due to the passage of time), the expected return on plan assets (the amount that ma
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Answer:

The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.

However, this change will not affect the net income, as all the items will still be accounted for, accordingly.

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GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations.  The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs.  By this separation, the operating income of GM will increase.

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2 years ago
Cash outflows for McKinney Publishing in 2020 included:________. $347,000 in salaries to authors. $180,000 in fees to contracted
Marat540 [252]

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4 0
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if barbara falcon invests $16,751.84 now and she will receive $30,000 at the end of 10 years, what annual rate of interest will
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9% of annual rate of interest will she be earning on her investment .The price of borrowing money is reflected in the interest rate on a credit card.

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The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.

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what countries represent the largest global business opportunities for the next decade? what factors determine the size of the o
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