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Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,200. Budgeted cash receip

drek231 [11]

Answer:

$13,400

Explanation:

The movement in cash balance over a period is as a result of receipts and disbursements over the period. This may be expressed mathematically as

Opening balance + receipts - disbursements = closing balance

If the company wants to maintain a desired closing balance, the amount to be borrowed would form part of the receipts

$19,200 + receipts - $190,400 = $31,200

Receipts = $190,400 + $31,200 - $19,200

= $202,400

Given Budgeted cash receipts total $189,000 then amount to be borrowed

= $202,400 - $189,000

= $13,400

5 0

3 years ago

During 2017, Windsor Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Windsor’s

Illusion [34]

Answer:

Description 2017 2016 2015

Net Income $146,402‬ $107,281‬ $123,114‬

Explanation:

The question is to compute a statement of income comparative figures. The step is therefore to use the weighted average pricing method to replace the historical income before taxes for both years 2016 and 2015. After this is done, we then re-calculate the appropriate taxes and arrive at the net income.

Description 2017 2016 2015

Income before taxes 206,200 151,100 173,400

Subtract: Income tax @29% 59,798‬ 43,819‬ 50,286‬

Net Income 146,402‬ 107,281‬ 123,114‬

5 0

4 years ago

Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inv

Dmitriy789 [7]

Explanation:

The computation is shown below:

a. Net purchase

= Purchase - Purchase Returns and Allowances - Purchase Discounts + Freight in

= $330,000 - $8,000 - $6,000 + $12,000

= $328,000

b. The cost of goods available for sale is

= Beginning inventory + purchase

= $50,000 + $328,000

= $378,000

c. The cost of goods sold is

= The cost of goods available for sale - ending inventory

= $378,000 - $80,000

= $298,000

4 0

3 years ago

Managers are a critical part of any successful organization because ________.

Dmitriy789 [7]

Managers are a critical part of any successful organization because<u> "they use their skills and knowledge to move the organization forward towards established goals".</u>

Managers impact every one of the periods of present day associations. Sales Managers keep up a business constrain that business sectors merchandise. Staff Managers give associations an able and gainful workforce. Plant Managers run fabricating activities that create the garments we wear, the nourishment we eat, and the vehicles we drive.

Basically, the part of managers is to direct the associations toward objective achievement. All associations exist for specific purposes or goals,and managers are in charge of joining and utilizing hierarchical assets to guarantee that their associations accomplish their motivations.

6 0

4 years ago

Alexandra owns stock in a corporation, and she just received 100 additional shares of stock as part of the corporation’s distrib

Marina CMI [18]

Answer:

The correct answer is A

Explanation:

Dividend is the amount of money or a payment which is made through the corporation or business to its shareholders, mostly as a distribution of profits. When the business or corporation have profits or the surplus, then the business is able to re- invest the profit further and then pay the proportion of the profit as the dividend to the company shareholders.

So, in this case, Alexandra who received 100 additional on the stock is the distribution of profit, which is called as dividends.

7 0

3 years ago