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Romashka-Z-Leto [24]
3 years ago
14

Nikolas Industries has a cash balance of $20,000 on July 1, 20x8. The company is in the process of preparing the cash budget for

the third quarter, with budgeted cash collections and payments as follows:
July August September
Cash Collections $25,000 $22,000 $20,000
Cash Payments:
Purchases of Inventory 5,800 7,000 6,200
Operating Expenses 3,500 4,600 5,300

There are no budgeted capital expenditures or financing transactions during the quarter. Using the data above, what is the projected cash balance at the end of September?
Business
1 answer:
rodikova [14]3 years ago
5 0

Answer:

$54,600

Explanation:

Cash Budget for the 3rd Quarter

                                                July              Aug                  Sep

Receipts :

Cash Collections                $25,000      $22,000          $20,000

Total Receipts                    $25,000      $22,000          $20,000

Expenditures :

Purchases of Inventory       $5,800       $7,000               $6,200

Operating Expenses           $3,500       $4,600               $5,300

Total Expenditures              $9,300       $11,600              $11,500

Net Receipts                       $15,700      $10,400              $8,500

Balance b/d                       $20,000      $35,700            $46,100

Balance c/d                        $35,700      $46,100            $54,600

therefore,

The projected cash balance at the end of September is $54,600

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Answer:

Option A, “the substitution effect dominates the income effect” is correct.

Explanation:

If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.

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3 years ago
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2 years ago
The outstanding capital stock of Novak Corporation consists of 1,800 shares of $100 par value, 7% preferred, and 5,100 shares of
Alborosie

Solution :

                                                                            Preferred            Common

Non cumulative and non Participative                    12,600               67,400

Cumulative and non participative                            37800                42200

Cumulative and participative                                   47876                32124

                             

                            <u>    Current Stock Out Standing    </u>

Common stock at the rate 50                             5100 shares         255000

Preferred stock 7% at the rate 100                    1800 shares          180000

         

           <u>  Cumulative the annual dividend on the preferred stock  </u>

Preferred stock dividend                                   (180000 x 7%)       12600

Dividend Arrears to preferred stock                   (12600 x 2)            25200

                        <u>   Non cumulative and non participative     </u>

                                                  Preferred                 Common        Total

Current year                               12600                                            12600

Arrears                                        0                                                    0

Common stock                                                            67400            67400

Total dividend                             12600                       67400            80000

                       <u>  Cumulative and non participative  </u>

                                                  Preferred                 Common        Total

Current year                               12600                                            12600

Arrears                                        25200                                            25200

Common stock                                                            42200            42200

Total dividend                             37800                       42200            80000

                          <u>  Cumulative and participative</u>

                                                  Preferred                 Common        Total

Current year                               12600                                            12600

Arrears                                        25200                                            25200

Common stock (255000 x 7%)                                   17850            17850

Balance dividend pro data          10076                      14274            24350

Total dividend                             47876                       32124            80000

Working notes :

Amount for the participation    = 80000-(12600+25200+17850)   = 24350

Rate of participation = $\frac{24350}{(255000+180000)} $              = 5.5977%

Participating dividend:

Preferred stock = 18000 x 5.5977%   = 10076

Common stock = 255000 x 5.5977%  = 14274

Total participating dividend                  = 24350

7 0
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Suppose you've just inherited $66,000 from your rich Aunt. You're trying to decide whether to keep the $66,000 in cash so that y
Flauer [41]

Answer:

Opportunity cost of holding the money = $1.650

Explanation:

Opportunity cost is the value of the next best alternative sacrificed in favour of a decision.

The opportunity cost of holding the money is the interest on deposit that would be have been earned should it be invested at the savings rate.

Interest on savings deposit = interest rate × deposit

                                         = 2.5%× 66,000= $1,650

Opportunity cost of holding the money = $1.650

3 0
3 years ago
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Elodia [21]

Answer: d.All of these choices are correct.

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Employee Carelessness can cause more material to be used if they fail to adequately measure the Requirements of a job. If they are also careless in the usage of the material, there will be wastage and therefore a larger use of materials.

Poor Quality Materials can also result in different quantities being used because for instance, more material could be required to do something that a stronger material could have easily done.

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7 0
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