All categories

3 years ago

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:

Business

1 answer:

melomori [17]3 years ago

7 0

Answer:

a. $550,000

b. $472,500

c. $12,500

Explanation:

a. Calculation to determine the budgeted cash receipts for December

Budgetted Cash receipts

Cash sales $550,000

Therefore the budgeted cash receipts for December is $550,000 since there is no other receipts which means that the Cash sales of the amount of $550,000 will represent the whole Cash receipts

b. Calculation to determine the budgeted cash disbursements for December

BUDGETED CASH DISBURSEMENTS for December

Cash purchases $412,500

($550,000*75%)

Add Selling and administrative expenses budgeted $60,000

Total Cash disbursement $472,500

Therefore the budgeted cash disbursements for December is $472,500

c. Calculation to determine the budgeted net income for December

BUDGETED NET INCOME FOR DECEMBER

Sales $550,000

Less Cost of goods sold ($442,500)

($300,000+$412,500-$270,000)

Gross margin $107,500

($550,000-$442,500)

Less: Operating Expense

Selling and administrative expense ($60,000)

Depreciation expense ($35,000)

Net income $12,500

($107,500-$60,000-$35,000)

Therefore the budgeted net income for December is $12,500

You might be interested in

QUESTION 15 One of the benefits of downsizing is: higher customer satisfaction. improved efficiency. a more loyal and productive

agasfer [191]

Improved efficiency.

A study shows that downsizing lowered customer satisfaction -
Another study shows that downsizing increased efficiency, but nothing of employee productivity.

5 0

2 years ago

Future Value of Annuity. Twins Jessica andJoshua, both 25, graduated from college andbegan working in the family restaurant busi

pav-90 [236]

Answer:

Jessica will have $611,816.70 at retirement.

Explanation:

a) Data and Calculations:

Jessica:

Annual contribution in IRA for 10 years = $2,000

Retirement age = 65 years

Interest rate per year = 10%

Annuity value for investing $2,000 annually is $35,062.33

FV (Future Value) $35,062.33

PV (Present Value) $13,518.05

N (Number of Periods) 10.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment) $2,000.00

Starting Investment $0.00

Total Principal $20,000.00

Total Interest $15,062.33

Amount received after investing $35,062.33 for 30 years.

Using an online finance calculator:

FV (Future Value) $611,816.70

PV (Present Value) $35,062.33

N (Number of Periods) 30.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment) $0.00

Starting Investment $35,062.33

Total Principal $35,062.33

Total Interest $576,754.37

7 0

3 years ago

The concept of ________ suggests that when a company has built significant value into its product offerings, trying to increase

Vinvika [58]

Answer:

diminishing returns

Explanation:

I'll provide you with a situation as an example.

Let's say that you are running a successful ice cream company. Typically, ice creams are made with dairy. This made a certain percentage of population couldn't consume it since they are lactose intolerant. (Basically eating dairy will give them diarrhea ).

There are not many people who have this condition. Let's say that you want to increase the value of your product and use the materials that makes your product become consumable to this specific population while maintaining the original taste.

This would resulted in a small amount increase in customers base , but the investment that you need to make in order to make it happen will be substantial. You basically have to invest in researches to find the perfect ingredients, invest in additional marketing expense to educate the customers on the new product, change your current production flow, etc.

5 0

4 years ago

Which is the shortest and simplest tax form?

AfilCa [17]

Filling out a tax form is about as much fun as owing taxes to Uncle Sam. The complexity of the task intensifies as your tax life becomes more complicated.

That's why you should use the simplest tax return form you can, especially if you're still filling out your forms by hand.

But choose carefully. There are three personal income tax forms -- 1040, 1040A and 1040EZ -- with each designed to get the appropriate amount of your money to the IRS. Differences in the forms, however, could cost you if you're not paying attention.

The EZ is the shortest and simplest form, Form 1040A is a bit more complex and the long Form 1040 is the most detailed and potentially difficult. But even if your tax life is simple and straightforward, it might be worthwhile to investigate the other two forms. Why? Generally, the longer the form, the more opportunities for tax breaks.

6 0

3 years ago

Operational effectiveness refers to: Group of answer choices matching the benefits of a successful position while maintaining an

Harrizon [31]

Answer:

refers to performing the same tasks better than rivals perform them.

Explanation:

Operational effectiveness is refers to the situation in which the things excel. It helps in the progression of a work and brings change in the output of the company. When the inputs of the organization are used at the best possible way to bring the maximum outputs out of them, the company is said to be experiencing the operational efficiency. In this process the company excels and leaves the competitors behind.

5 0

3 years ago