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HACTEHA [7]
2 years ago
8

Your Company makes and sells a single product. Each unit sells for $32 dollars and has a unit variable cost of $20. The company

has budgeted the following data for November: * Sales of 46,000 units, all for cash. * A cash balance on November 1 of $45,000. * Cash disbursements during November of $1,460,000. * Deprecation expense $35,000. * A minimum required cash balance on November 30 of $75,000. How much cash must be borrowed to cover all cash disbursements and to obtain the required November 30 cash balance
Business
1 answer:
andre [41]2 years ago
3 0

Answer:

Your Company

The cash that must be borrowed to cover all cash disbursements and to obtain the required November 30 cash balance is:

= $18,000.

Explanation:

a) Data and Calculations:

Selling price per unit = $32

Variable cost per unit = $20

Contribution margin per unit = $12 ($32 - $20)

Beginning cash balance on November 1 = $45,000

Cash disbursements = $1460,000

Depreciation expense = $35,000

Minimum required cash balance on November 30 = $75,000

Budgeted sales units for November = 46,000

Sales revenue (cash) = $1,472,000 (46,000 * $32)

Variable costs =                920,000 (46,000 * $20)

Contribution margin =   $552,000 (46,000 * $12)

Cash Budget

For the month of November

Beginning cash balance    $45,000

Total cash collections =   1,472,000

Cash available                $1,517,000

Cash disbursements      (1,460,000)

Cash balance                     $57,000

Cash to borrow                     18,000 ($75,000 - $57,000)

Minimum cash balance     $75,000

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Lady bird [3.3K]

The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.

<h3>How to calculate the average time Americans spend commuting to work?</h3>

To calculate the average time we must add all the values and then divide the result by the number of values. for example:

1 + 2 + 3 = 6 6 ÷ 3 = 2

Based on the above, the operation to find the average time Americans spend commuting to work is:

23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5

Then we must divide this result by the number of values.

1291,5 ÷ 48 = 26,9

Note: This question is incomplete because there is some information missing. Here is the information:

a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.

Learn more about average in: brainly.com/question/2426692

8 0
2 years ago
What did stan uris do after he received a phone call from mike?
Arturiano [62]
<span>On receiving Mike's phone call, Stan commits suicide by cutting his wrists in the bathtub and writing "IT" in his blood on the wall. Stan was the only one aware that It was not only female but was also pregnant, hence he chose death over returning to Derry to face the ancient terror despite being the one to slice the Losers' palms in a blood oath</span>
5 0
2 years ago
The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivabl
Artyom0805 [142]

Answer:

Total Current Assets      $ 100,800

Explanation:

The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset

Cash                                $  38,600

Short-term investments $     4,600

Accounts receivable      $    51,000

Supplies                        <u>  $     6,600  </u>

Total Current Assets      $ 100,800

4 0
3 years ago
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

3 0
3 years ago
Warehouses sometimes perform certain other functions besides storing goods. Which of the fo typically one of those functions?
aleksley [76]

Answer:

A) purchasing

Explanation:

THIS IS THE COMPLETE QUESTION

Warehouses sometimes perform certain other functions besides storing goods. Which of the following is NOT typically one of those functions?

a. purchasing

b. postponement

c. break-bulk activities

d. consolidation point

e. cross-docking

warehouse can be regarded as a commercial building used in storing of goods. Warehouses are been utilized by manufacturers as well as importers and exporters and also wholesalers. There are different types of warehouse such as private, public warehouse. It helps in storage of both raw material as well as finished goods.

The following are typically other functions of warehouse.

✓ break-bulk activities

✓cross-docking

✓postponement

✓consolidation point

8 0
2 years ago
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