Answer: B. There is $19,000 available for additional investments.
Explanation:
Cash Receipts both Estimated and available
= Beginning balance + budget receipts
= 6,000 + 81,000
= $87,000
Cash payments
= 44,000 + 34,000 + 15,000
= $93,000
Additional financing required = Cash receipts - Cash payment - minimum cash balance
= 87,000 - 93,000 - 13,000
= -$19,000
Answer:
B. $497,000
Explanation:
Consolidated Balance of Equipment
Excess value at the acquisition $110,000
($350,000-$240000)
Book value as on Dec 31 2018 of Ford $170,000
Book value as on Dec 31 2018 of Regent $250,000
Less: excess depreciation <u>-$33,000 </u> ($110,000/10*3)
Consolidated balance of equipment <u>$497,000</u>
Answer:
The correct answer is D that is $33,500
Explanation:
The total cost for the oranges = Direct cost + Indirect cost
= (Number of carton × Rate per carton) + (Number of carton × Rate per carton)
= (1,000 × $10) + (1,000 × $16.50)
= $10,000 + $16,500
= $26,500
Total Revenue = Number of carton × Selling price
= 1,000 × $30
= $30,000
Profit from oranges = Revenue - Cost
= $30,000 - $26,500
= $3,500
Profit or loss from from processing into the orange juice is computed:
Total Cost = Number of carton × Price
= 1,000 × $12.50
= $12,500
Revenue = Number of carton × Selling Price
=1,000 × $46
= $46,000
Profit or loss = Revenue - Cost
= $46,000 - $12,500
= $33,500
Therefore, Corporation has a profit of 33,500.
