Answer:
Ending cash balance for November = $52,869
Explanation:
Crane Company
Cash Budget
October
November
beginning cash balance
$16,000
$40,539
expected cash receipts
$63,000
$95,000
Total available cash
$79,000
$135,539
expected cash payments
$45,000
$76,000
excess of available cash over payments
$34,000
$59,539
financing:
Borrowings
$6,539
$0
Repayments
$0
($6,539)
Interest
$0
($131.00)
Ending cash balance
$40,539
$52,869
The ending cash balance shortfall in October $40,539 - $34,000 = $6,539
Hence, the amount to be borrowed = $6,539
In November, the company has enough funds to meet its ending cash balance as well as pay-off the borrowed amount with interest.
Interest for 2 month = 6,539 x 12% x 2/12 = $130.78 or $131 (rounded off)
Note: cash is borrowed in the first day of the month, assuming the company borrows cash on October 1, and repays on November 30, interest is payable for two months.
Answer:
$17,100 underapplied
Explanation:
The computation of the manufacturing overhead is shown below:
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ Estimated direct labor hours
= $738,000 ÷ 30000
= $24.6 per direct labor hour
now
Manufacturing overhead applied is
= Actual direct labor hours × Predetermined overhead rate
= 31500 × 24.6
= $774,900
Now
Underapplied manufacturing overhead is
= $792,000 - $774,900
= $17,100 underapplied
Answer:
<em>The flow is in the form of inputs and then dollars in a sequence. </em>
Explanation:
<em>(1)</em> The household supplies factor input services in the form of labor to the firm.
<em>(2)</em> The labor produces goods and services for the firm.
<em>(3)</em> The firm pays wages to the labor in return for the produce.
<em>(4)</em> The households buy the goods and services of the firm.
<em>(5)</em> For the goods and services offered, the firm takes dollars from the households.
Hence, the entire above process emphasizes a flow <em>in the form of inputs and then dollars from the household to the firm for the output purchased by it from the firm.</em>
Grocery stores are likely to hold <u>anticipation </u>inventory of candies to meet the extra demand during Halloween.
There are several theories that explain our anticipation of music. Two prominent theories are Chase's neurological theory, which describes the development of an intrinsic neurological pitch (Darwin's choice as a pitch/rhythm/harmony communication response expectation) and
The skillful use of associated chord sequences (expectation hold V7 until is met) are both anticipation formation and expectation. Tees satisfaction sequence of A, B7, or the well-known Am/D7/G with wheel variations of 5 degrees).
His second theory, which is widely accepted, is Huron's "ITPRA" 5-Module anticipation Theory, in which a prior imaginary tension meets the onset/horizon of an event, causing prediction and response to oscillate in the response system. (alternating), resulting in rating feedback.
learn more about anticipation here. brainly.com/question/8690812
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