Consider the supply and the dam and of product Z:

Blue Corporation is projecting a cash balance of $36,450 in its December 31, 2016, balance sheet. Blue’s schedule of expected co

NeX [460]

Answer and Explanation:

The Preparation of cash budget for the first quarter is following below:-

Cash Budget

Particulars Amount

Cash balance Beginning $36,450

Add: Receipts

Total Collection $224,775

Sale of equipment $3,645

Total receipts $228,420

Total cash available $265,870

Less: Disbursements

Direct material $52,245

Direct labor $85,050

Manufacturing overhead $42,525

Selling and

administrative overhead $54,675

Purchase of securities $17,010

Total Disbursements $251,535

Available excess available

cash over disbursements $14,335

Financing

Add: Purchase of securities $17,010

Less: Repayments -

Cash balance at ending $31,345

So, to reach at ending balance we simply added the purchase of securities and ending cash balance.

3 0

3 years ago

If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transp

saw5 [17]

Answer:Yes

True

Explanation:

A transposition error is a data entry error that is caused by inadvertently switching two adjacent numbers. ... For example, the number 63 is entered as 36, which is a difference of 27. The number 27 is evenly divisible by 9. This can surely cause discrepancies in the trial balance

7 0

3 years ago

In some developing countries, children work in factories when they are 8 or 9 years old. The United States has strict child labo

Katena32 [7]

Answer:

b. They reflect the laws and regulations that affect social and economic behavior.

Explanation:

Morals are not universal and vary greatly depending on the underlying culture and religion. Even still in each civilization, there are many grey areas in the concept of morals. One thing that seems to be constant is that they reflect the laws and regulations that affect social and economic behavior. In this scenario, some developing countries believe that using children as a cheaper form of labor is fine since the children are getting paid and therefore, there are no laws prohibiting this action so people see it as morally correct. While other countries that see it as morally wrong have laws and regulations to prevent people from performing such actions. These laws and regulations are a form of dictating social and economic behavior by stating that it is morally wrong.

3 0

3 years ago

Two best friends, Thelma and Louise, are making long-range plans for a road trip vacation to Mexico. They will embark on this ad

chubhunter [2.5K]

Answer:

Bond Price= $1,081.1

Explanation:

Giving the following formula:

Face value= $1,000

Number of periods= 5*2= 10 semesters

Coupon= (0.1/2)*1,000= $50

YTM= 0.08/2= 0.04

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price= 50*{[1 - (1.04^-10)] / 0.04} + [1,000 / (1.04^10)]

Bond Price= 405.54 + 675.56

Bond Price= $1,081.1

5 0

2 years ago

Suppose that the central bank has increased the money supply such that there is an additional $ 231115 in excess reserves. If th

Alex787 [66]

Answer:

$196448

Explanation:

Since the central bank has increased the money supply by $231115 but the reserve ratio is maintained at 15%, this means that 85% of the money is being injected in the form of money supply.

Hence, the maximum increase in money supply, the 85% of $231115 is: $196448.

Hope this helps.

Thank you and Good luck.

5 0

3 years ago

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