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
anastassius [24]
3 years ago
14

a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which the

y are incurred and the balance in the following month. Selling and administrative expenses (all paid in cash) amount to $60,000 per month. The accounts payable balance on March 31 totals $96,000, all of which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Edwards Company. b. Assume that all units will be sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale and the remaining 10% in the second month following the month of sale. Accounts receivable on March 31 totaled $255,000 $(45,000 from February's sales and the remainder from March.) Prepare a schedule for each month showing budgeted cash receipts for Edwards Company.
Business
1 answer:
Black_prince [1.1K]3 years ago
7 0

Answer:

150,000

Explanation:

You might be interested in
Explain how farmers' economic choices were affected by the scaricity of the resources.
oksano4ka [1.4K]

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.

<h3>How has scarcity forced you to make economic choices?</h3>

Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants. Thus, people need to make choices in order to satisfy the wants that are most important to them.

<h3>What is scarcity of resources?</h3>

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.

To learn more about Scarcity , refer

brainly.com/question/1888324

#SPJ4

3 0
2 years ago
What do you mean by consistency in accounting ?
vfiekz [6]

Answer:

once you adopt an accounting principle or method, continue to follow it consistently in future accounting periods so that the results reported from period to period are comparable.

Explanation:

4 0
3 years ago
Read 2 more answers
A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p
Elza [17]

Answer:

2) Chemotherapy for cancer patients

Explanation:

Chemotherapy for cancer patients is a basic necessity needed for the patient to continue living, so if the price of chemotherapy increases or decreases will not affect the patient's choice of getting it. What can affect the patient's decision is whether he/she can afford the treatment, but even if he/she can't they will seek other ways of trying to obtain it, e.g. going to public hospitals.

5 0
3 years ago
A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t
Savatey [412]

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

5 0
3 years ago
During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On
statuscvo [17]

Answer:

c. Kena recognizes a gain of $30,000

Explanation:

cash  650,000 debit

  land 250,000 credit

  gain at disposal 350,000 credit

liabilities 500,000 debit

        cash        500,000 credit

Then, the company will close all account and leave kena account with a capital of 150,000 to mathc the remaining 150,000 cash

as her basis is 120,000 there will be a gain for 30,000

4 0
3 years ago
Other questions:
  • A company's Inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. Its Accounts Payabl
    15·1 answer
  • Scorla Corp. is an apparel manufacturing factory. Its average resource utilization per year is calculated as 70%. The average sa
    9·1 answer
  • Economic costs of production differ from accounting costs in that
    12·1 answer
  • Add a new field named LoanPayment using the Expression Builder. Insert the Pmt function to determine the monthly payment for a 2
    12·1 answer
  • If you were to sit in a local fast-food restaurant and record what people ordered, you would be using
    14·1 answer
  • Which of the following is a characteristic associated with warehouse showrooms?
    9·1 answer
  • A group of young patrons come into the venue after a sports event. They are loud and excited, celebrating a win for their team.
    6·1 answer
  • Which statement does not describe a difference between government and household budgets? In the short term, economists would exp
    14·1 answer
  • Join im with friends plss im boredddddd
    8·1 answer
  • What are hard skills?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!