1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
True [87]
3 years ago
8

Venus Company has the following information: Month Budgeted Sales January $90,000 February 85,000 March 92,000 April 79,000 Budg

eted Operating Expenses Per Month Wages $15,000 Advertising 12,000 Depreciation 3,000 Sales Commission 4% of sales All cash expenses are paid as incurred. What are the total cash disbursements budgeted for operating expenses for the month of January
Business
1 answer:
gayaneshka [121]3 years ago
4 0

Answer:

$20,600

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of the asset.

Depreciation is a non-cash item in the income statement as the actual cash spent for the purchase of the asset would have been capitalized in the balance sheet.

Hence the  total cash disbursements budgeted for operating expenses for the month of January would not include depreciation.

Total cash disbursements budgeted for operating expenses for the month of January

= $15,000 + $12,000 + (4% × $90,000)

= $15,000 + $12,000 + $3,600

= $20,600

You might be interested in
Monopolistic competition means:
rjkz [21]

Answer: Option C

Explanation: In a monopolistic competition market structure, there are many producers selling their products and each product is not a perfect substitute of the other.

The number of producers are large but each operate at a relatively smaller level. The products offered in the market are similar but not identical.

Hence, from the above explanation we can conclude that option C is correct.

3 0
3 years ago
The main function of the Federal Reserve System is to:
PolarNik [594]

Answer:

D. Serve as the fiscal agent for the Federal government

Explanation:

The Federal Reserve System (FRS) is the central bank of the United States. FRS regulates the U.S. monetary and financial system.

The functions of Federal Reserve System includes;

1. conducting the nation's monetary policy

2. regulating banking institutions

3. monitoring and protecting the credit rights of consumers

4. maintaining the stability of the financial system

5. providing financial services to the U.S. government.

4 0
3 years ago
Gale Corporation manufactures windsocks. The business recently decided to adopt an ABC system. The following activities have bee
solniwko [45]

Answer:

$270,000

Explanation:

The first step is to calculate the overhead cost of the material handling parts

Since each wind stock require 3 parts then the overhead cost can be calculated as follows

= 3 × 20,000

= 60,000

The overhead cost of machining hours can be calculated as follows

Since 5 minutes is spent in the machining department then overhead cost is

= 5× 20,000

= 100,000

The overhead cost of packaging number of finished units can be calculated as follows

= 2 × 20,000

= 40,000

Total overhead cost= 100,000 + 60,000 + 40,000

= 200,000

The total cost of direct materials and labor can be calculated as follows

= 3.5 × 20,000

= 70,000

Therefore the total cost of producing 20,000 windstocks is

= Total overhead cost + total cost of direct materials and labor

= 200,000 + 70,000

= $270,000

Hence the total cost of producing 20,000 windstocks is $270,000

5 0
3 years ago
The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending in
Vlad1618 [11]

If  Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2:

a) Inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2

Inventory turnover =$426,650/($92,500+$87,750)/2

Inventory turnover=$426,650/$90,125

Inventory turnover=4.7 times

Days' sales in inventory=$87,750/$ 426,650×365 days

Days' sales in inventory=$87,750

Days' sales in inventory=75.07 days

b) Inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3

Inventory turnover=$643,825 /($87,750+$97,400)/2

Inventory turnover=$643,825/$92,575

Inventory turnover=6.95 times

 

Days' sales in inventory=$97,400/$643,825×365 days

Days' sales in inventory=55.22 days

Learn more here:

brainly.com/question/15520316

4 0
2 years ago
Trent and kim divorced on september 1, 2017. as part of the divorce decree, beginning in september, trent was to make payments t
Ymorist [56]
What is an alimony? By the end of the the four months, in all, he owes $14,000 I am pretty sure
5 0
3 years ago
Other questions:
  • If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product
    11·1 answer
  • Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t
    14·1 answer
  • The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31
    15·1 answer
  • You are considering two mutually exclusive projects. Both projects have an initial cost of $52,000. Project A produces cash infl
    14·1 answer
  • When a home is constructed, consideration is given to the positioning of the building relative to its surroundings and the sun,
    5·1 answer
  • Rick Co. had 36 million shares of $3 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
    11·1 answer
  • IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business developme
    7·1 answer
  • The probability that house sales will increase in the next 6 months is estimated to be 0.25. the probability that the interest r
    10·1 answer
  • Which of the following types of production would most likely use job-order costing? A. Construction of custom homes B. Farming C
    5·1 answer
  • Can someone help me with this question?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!