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Yanka [14]
3 years ago
6

After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash bal

ance $2,700 Cash receipts 56,000 Cash payments 36,000 Minimum cash balance 1,000 Loan repayments 10,000 Based on the given information, calculate Theta's cash surplus (deficiency) for the month of October.
Business
1 answer:
melisa1 [442]3 years ago
8 0

Answer:

the surplus of the cash is $21,000

Explanation:

The computation of the cash surplus (deficiency) for the month of October is given below:

Cash surplus is

= opening balance + cash receipt - cash payment - minimum cash balance

= $2,700 + $56,000 - $36,000 - $1,000

= $21,000

hence, the surplus of the cash is $21,000

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Orlov [11]

Answer:

a. Linda's acceptance is effective and a contract is created.

Explanation:

A contract is created when there is an offer and acceptance of a transaction. When the contract is created it is enforceable and not revocable unless with the consent of parties involved.

Bob made an offer to Linda to buy her 1,000 of her widgets. The offer is open for 3 weeks and Linda accepted the offer within one week.

Although Bob tried to revoke the offer, since Linda has accepted it the contract is created and enforceable on Bob.

3 0
3 years ago
Durban Metal Products, Ltd., of the Republic of South Africa makes specialty metal parts used in applications ranging from the c
gladu [14]

Answer:

<u>Overhead Report for heavy-duty trailer axles.</u>

Order size ($ 16.85 × 200)              $3,370.00

Customer orders ($ 320.00 × 1)        $320.00

Product testing ($ 89.00 × 4)            $356.00

Selling ( $ 1,090.00 × 2)                  $2,180.00

Total                                                 $6,226.00

Conclusion :

The total overhead cost assigned to the order is $6,226.00

Explanation:

ABC system allocates overheads to jobs using cost drivers.

First an Activity Center where costs accumulate is identified these can be several in our scenario we have four Activity Centers.

Then the Cost driver rate is calculated for each Activity Center. Our question has provided these.

The final step is to allocate the overheads to a particular job using the cost driver rate.

7 0
4 years ago
Last month Peggy Company had a $42,028 profit on sales of $331,200. Fixed costs are $83,828 a month. What sales revenue is neede
valina [46]

Answer:

Break-even Sales revenue =$220,600

Explanation:

<em>B</em><em>reakeven point is the level of activity that equates the total cost to the total revenue.</em>

<em>At the break-even point the business makes no profit and no loss</em>.

Break-even point = Total fixed cost for the period / Contribution margin ratio

<em>Contribution margin = total contribution/ total sales</em>

<em>Contribution = Fixed cost + profit</em>

Contribution = $42,028 + $83,828

                     =  $125,856.00

<em>Contribution to sales ratio</em>

= (125,856.00 /331, 200) × 100

= 38%

Break-even sales revenue = $83,828/0.38

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3 0
4 years ago
Read 2 more answers
Match each of the fees below with the situations where a credit card
sammy [17]

Answer:

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A late payment fee is a punishment fee when you do not manage to pay the minimum payment of a borrowed amount during one month.

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6 0
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Butoxors [25]

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3 0
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