Answer: b. $106,700
Explanation:
The marketing and administrative expense budget is based on budgeted unit sales, which are 5,500 units for June.
The variable marketing and administrative expense is $1.00 per unit. Which is 5,500 units x $1.00 = $5,500.
The budgeted fixed marketing and administrative expense is $101,200.
To get the cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget should be Variable costs plus fixed costs.
= $5,500 + $101,200
= $106, 700
Your current balance<span> is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your </span>available balance<span> is your </span>current balance<span> minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account</span>
Answer:
Computation of the Ratio of Cash to Monthly Cash Expenses:
None of these choices are correct.
Explanation:
The correct formula is Cash and Cash Equivalents/monthly expenses. And monthly cash expenses = Negative cash flows from operations/12.
But, in doing this calculation, first determine the monthly cash expenses, as given above. With the resulting figure, you can then apply to the Ratio of Cash to Monthly Cash Expenses.
The Ratio of Cash to monthly cash expenses helps a company to assess how long it can continue to operate given the heavy expenses burden it is experiencing, if it is a startup company. It also helps a company in distress to determine how long it could continue to operate before generating positive cash flows.
There are many companies in Ghana and some of those companies and what they do include:
Accra Brewery Limited
- Founded in 1931 as Overseas Breweries Limited
- Offers brewery products such as CLUB Premium Lager
- Saw huge expansion after the second World War
- Currently under Anheuser-Busch InBev (ABInBev)
<u>Agricultural Development Bank </u><u>of </u><u>Ghana</u>
- Founded in 1965 and is owned entirely by the government
- Offers loans and agricultural credit to boost agriculture
- Also offers corporate, international, and commercial banking
Clydestone Ghana
- Founded in June 1989 and is located in Nigeria, Kenya, UK, and Ghana
- Offer products in the information and communication industry including transaction processing
- Listed on Ghana Stock Exchange
Produce Buying Company
- Founded in 1981
- Are major players in the cocoa industry in West Africa
- Are also players in other cash crops such as sheanuts
Suretrack Contracts Services
- Founded in 2007
- Offers construction services such as engineering and construction management.
- Is a privately owned company.
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