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Andre45 [30]
3 years ago
13

Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations, Je

nna's Barkery had revenues of $3,000, all of which was collected in cash. She paid her assistant $1,000 in cash and purchased $200 of supplies on account. The business paid cash dividends of $500.
Required:
Determine the balance in Cash at the end of the month.
Business
1 answer:
ElenaW [278]3 years ago
3 0

Answer:

Cash balance= $500

Explanation:

Giving the following information:

Started her business baking dog treats by investing cash of $1,000.

Had revenues of $3,000.

She paid her assistant $1,000 in cash.

The business paid cash dividends of $500.

<u>The cash account is affected by every entrance or exit of money. For example, if a purchase is made on account, the cash balance is not affected.</u>

Cash balance= -1,000 + 3,000 - 1,000 - 500

Cash balance= $500

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2 years ago
Fuzzy Tail Industries produces wooden picnic tables for fuzzy creatures (hamster and squirrel size are its most popular products
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Answer:

7.5 Years

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The computation of the payback period of the given machine is shown below:

<u>Year       Initial outflow       Cash flow       Cumulative cash flow</u>

               (52000)  

1                                              10,000               10,000

2                                              10,000              20,000

3                                              10,000              30,000

4                                               8,000               38,000

5                                               8,000               46,000

6                                               2,000                48,000

7                                                2,000                50,000

8                                                4,000                 54000

9                                                4,000                 58000

10                                               4,000                 62000

Now the Payback period is

=  Completed years+ required cash ÷ annual cash inflow

= 7 years + 2000 ÷ 4000

= 7.5 Years

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Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec
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Answer:

$15 million

Explanation:

Data provided in the question:

Inventory turn ratio = 60

Annual sales = $50 million

Average inventory = $250,000

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or

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