1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maks197457 [2]
3 years ago
15

Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months

of 2017 are as follows.Collections from customers: January $109,650, February $193,500.Payments for direct materials: January $64,500, February $96,750.Direct labor: January $38,700, February $58,050. Wages are paid in the month they are incurred.Manufacturing overhead: January $27,090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred.Selling and administrative expenses: January $19,350, February $25,800. These costs are exclusive of depreciation. They are paid as incurred.Sales of marketable securities in January are expected to realize $15,480 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $32,250. The company wants to maintain a minimum monthly cash balance of $25,800.Prepare a cash budget for January and February.
Business
1 answer:
Alina [70]3 years ago
8 0

Answer:

                                                                             January                  February

Beginning Cash Balance                                     58,050                  35,475

Add: Receipts

Collections from Customers                               109,650                 193,500

Sale of Marketable Securities                              <u>15,480</u>                 <u>       0      </u>

Total Receipts                                                   <u>   125,130    </u>             <u>  193,500</u>

Total Available Cash                                            183,180                  228,975

Less: Disbursements

Direct Materials                                                  64,500                      96,750

Direct Labour                                                      38,700                       58,050

Manufacturing Overhead                                  25,155                        30,315

Selling and Administrative                                 19,350                        25,800

Total Disbursements                                       <u>  147,705       </u>             <u>   210,915</u>

Cash Balance                                                     35,475                        18,060

Financing

Add: Borrowings                                                   0                                  7,740

Less: Repayments                                          <u>       0           </u>                    <u>      0    </u>

Ending Cash Balance                                        35,475                         25,800

The company wants to maintain a minimum monthly cash balance of $25,800 so in February they will have to borrow;

= 25,800 - 18,060

= $7,740

You might be interested in
Four aspects of empowered performance are understanding variation, deciding what to measure, working correctly with data, and us
ozzi

Answer:

False

Explanation:

4 0
2 years ago
David, the CEO of a beverage company, wants to understand the reason for the erratic performance of one of the company's product
artcher [175]

Answer:

He is trying to analyze the Gizell's Product life cycle

Explanation:

Product life cycle is the cycle which is the progression of the item through or via 4 stages of its time on the market. The 4 stages are Growth, Decline, Maturity and Introduction.

In this case, David is scrutinizes the sales records of Gizell and the profits which garmers from its sales. He is trying to analyze the product life cycle.

5 0
2 years ago
Compare Australia's economy and China's economy​
PilotLPTM [1.2K]

Answer:

China has the bigger economy than Australia

Explanation:

5 0
3 years ago
Bill's organization expects 50% of profits to be generated by products that did not exist five years ago. What is the nature of
faust18 [17]
If these are the missing choices:
A) short-term
B) risky
C) innovative
<span>D) expansionary

My answer is C. INNOVATIVE. 

Innovative is defined as an adjective that may refer to a person who introduces new ideas that are original and creative. It may also refer to a product, service, or idea that features new methods or designs that help advance our technology unlike no other. 

Since Bill's organization expected to derive a 50% profit from products that did not exist five years ago, it is safe to assume that Bill's organization was the one to innovate and launch the product. </span>
7 0
3 years ago
ESD wants to determine the best order size for 2x4x6 pressure treated pine lumber required for making custom cabinets. ESD's est
Vedmedyk [2.9K]

Answer:

the economic order quantity is 845 units

Explanation:

The computation of the economic order quantity is shown below;

As we know that

Economic order quantity is

= √2 × √annual demand × √ordering cost ÷ √carrying cost

= (√2 × √6750 × √$225) ÷ (√4.25)

= √3,037,500 ÷ √4.25

= √7,14,705.88

= 845 units

Hence, the economic order quantity is 845 units

6 0
2 years ago
Other questions:
  • Which best describes an opportunity cost?
    12·2 answers
  • Describe why social security is considered a retirement account?
    5·1 answer
  • Is phoenix forgotten based on a true story and how does it end?
    5·1 answer
  • A supplier has contracted to deliver Halloween costumes to a party supply store by October 15th. However, due to a natural disas
    14·1 answer
  • Suppose that business travelers and vacationers have the following demand for airline
    13·1 answer
  • After multiple years of building a business in the same location, Timothy has
    13·1 answer
  • Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per
    12·1 answer
  • I attached a pic of my question, pls help.
    8·2 answers
  • Can anyone let me use their Netflix account?<br>Thank you! ​
    8·1 answer
  • Which of the following
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!