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
Marysya12 [62]
3 years ago
6

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec

eipts total $186,000 and budgeted cash disbursements total $189,200. The desired ending cash balance is $30,600. To attain its desired ending cash balance for January, the company should borrow:
Business
1 answer:
professor190 [17]3 years ago
6 0

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

You might be interested in
What is the term of shipping directly from the supplier to the end consumer rather than from the​ seller, saving both time and r
Citrus2011 [14]

The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the​ seller, saving both time and reshipping​ costs is "Drop Shipping."

<h3>What is drop shipping?</h3>

When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.

Some key features of drop shipping are-

  • A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.
  • A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices.
  • Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.
  • Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer.
  • It provides both big and small businesses with a way to source goods, earn some extra cash, and free up some storage space.

To know more about drop shipping, here

brainly.com/question/13959949

#SPJ4

7 0
1 year ago
Which are types of income tax that people pay? Check all that apply.
astraxan [27]

Answer;

-Federal

-Local

-State tax

Explanation;

-A federal income tax is a tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.

-All businesses must pay state income taxes. Some businesses, such as corporations, are taxed as separate entities for income purposes, while the income of other businesses is not taxed separately from the incomes of their principal owners.

-A local tax is usually collected in the form of property taxes, and is used to fund a wide range of civic services from garbage collection to sewer maintenance. The local taxes include:

  • Property tax
  • Operating tax, which is used by some cities in lieu of a business license
  • Sales tax, if your business is engaged in retail sales
  • Income tax, which is rare but may be imposed on businesses operating in larger cities
8 0
3 years ago
Read 2 more answers
What is the maximum locked-rotor
Fynjy0 [20]

Answer:

because answer key you give you answer

8 0
3 years ago
Marcy owns the company Caps for Kids and sells her hand-knitted caps for $20 each. The variable cost per cap created is $10, and
iragen [17]
At breakeven point, the cost is equal to the revenue. This also means that the net profit is equal to zero. If we let x be the number of units sold or produced, the total costs and revenue are calculated as follows:

Total Cost = 10x + 10,000
Total Revenue = 20x

Equation both,
                10x + 10,000 = 20x
The value of x from the equation is 1000.

Answer: 1000
3 0
3 years ago
Fogerty Company makes two products—titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per U
olchik [2.2K]

Answer:

Fogerty Company

1. Computation of the Activity Rate for each Activity Cost Pool:

a. Machine setup = $31,590/243 = $130 per setup

b. Special processing = $282,000/4,700 = $60 per machine hour

c. General factory = $700,400/41,200 = $17 per direct labor hour

2. Computation of the Unit Product Cost, using activity-based absorption costing:

                                        Titanium Hubs         Sprockets

Direct materials                      $39.00                 $39.00

Direct labor                              $14.40                   $7.20

Overhead                                $23.93                   $7.11

Total unit cost                         $77.33                  $53.31

Explanation:

a) Data:

                                        Titanium Hubs         Sprockets

Direct Labor-Hours per Unit  0.80                     0.40

Annual Production                  29,000 units      45,000 units

Direct materials                       $39 per unit      $12 per unit

Direct labor wage rate is $18 per hour

Total direct labor hours         23,200 hours      18,000 hours

Direct labor cost                     $417,600             $324,000

Direct labor cost per unit         $14.40                  $7.20

Direct materials costs           $1,131,000            $540,000

Activity costing system for Overhead Costs:

                                                      Titanium Hubs    Sprockets      Total

Activity                           Costs          

Machine setups            

 (number of setups)     $31,590           135                108                243

Special processing

(machine hours)       $282,000         4,700                0                4,700

General factory

 (direct labor hours) $700,400      23,200            18,000          41,200

Activity Rate:

a. Machine setup = $31,590/243 = $130 per setup

b. Special processing = $282,000/4,700 = $60 per machine hour

c. General factory = $700,400/41,200 = $17 per direct labor hour

d) Determination of overhead per unit cost

                                        Titanium Hubs         Sprockets

Machine setup                   $17,550                     $14,040

Special processing         $282,000                 $0

General factory               $394,400                 $306,000

Total overhead               $693,950                 $320,040

Annual Production          29,000 units            45,000 units

Overhead cost per unit   $23.929                    $7.112

e) Activity-based costing system is a costing technique where costs are grouped into activity pools and the costs to be allocated to each product or service depends on its consumption from the activity pools involved.  The identification of activities in an organization is a way of explaining that costs are caused by activities and not by their nature or period incurred.

5 0
3 years ago
Other questions:
  • SNC has its own, modest internet-based business. However, the company has been approached by Golden Years Nutraceuticals, a much
    11·1 answer
  • In the case discussing the electric car industry, which pestel factor is highlighted as the most important factor favoring a sta
    7·1 answer
  • Our company makes sophisticated lenses for satellite cameras. We allocated our overhead (OH) costs using practical equipment mac
    15·1 answer
  • Page(s) 13-14 1.2. What are five foundations of economics? Arshad is trying to choose his college major. His options are physics
    14·1 answer
  • Issued $25,000 of QCI stock for cash. Incurred $600 of utilities costs this month and will pay them next month. Incurred and pai
    6·1 answer
  • During its first year of operation Mazer Manufacturing Company produced 2,000 units of inventory and sold 1,800 units. Mazer inc
    10·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2020, the Cost of Goods Sold and Finished Goods Inventory accoun
    6·1 answer
  • Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
    9·1 answer
  • Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. Fals
    12·1 answer
  • Metlock Windows manufactures and sells custom storm windows for three-season porches. Metlock also provides installation service
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!