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3 years ago

Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:

Business

1 answer:

STALIN [3.7K]3 years ago

4 0

Answer:

Crenshaw, Inc.

Cash Budget for the months of April, May, and June:

April May June

Beginning cash balance $109,000 $325,000 $419,950

Cash receipts 140,700 122,850 153,650

Cash collections from credit sales 197,400 241,200 210,600

Total cash available $447,100 $689,050 $784,200

Cash disbursements:

Wages, taxes, and expenses 79,700 75,200 103,900

Interest 9,400 9,400 9,400

Equipment purchases 33,000 5,500 147,000

Purchases of goods 179,000 167,000

Total cash disbursements 122,100 269,100 427,300

Ending balance $325,000 $419,950 $356,900

Explanation:

a) Data and Calculations:

Budget for the second quarter of 2019:

April May June

Credit sales $402,000 $351,000 $439,000

Credit purchases 179,000 167,000 200,000

Cash disbursements:

Wages, taxes, ^ expenses 79,700 75,200 103,900

Interest 9,400 9,400 9,400

Equipment purchases 33,000 5,500 147,000

Predictions:

Uncollectibles 20,100 17,550 21,950

Collections 381,900 333,450 417,050

Total credit sales $402,000 $351,000 $439,000

Cash Collections:

Month of sales 35% 140,700 122,850 153,650

Following month 60% 197,400 241,200 210,600

Total cash collections 338,100 364,050 364,250

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Mark Crane purchased a $1,000 corporate bond five years ago for $1,055. The bond paid 7.0 percent annual interest. Five years la

lys-0071 [83]

Answer:

Mr Crane's total return on the bond investment was 5.35%

Explanation:

The return on a bond is also known as it yield to maturity (YTM). In order to find a bonds YTM we need to know its present value, future value, coupon payments and number of years. In this case the bond's present value is 1,055 because it was bought at this price, it's future value is 980 because it was sold for 980, its number of years was 5 as it was held for 5 years and its coupon payment was (0.07*1000)=70. Now in order to compute return or ytm we need to put all these values in a financial calculator and compute I

PV= -1055

FV= 980

PMT= 70

N=5

Compute I=5.35

The return on the bond investment was 5.35%

6 0

3 years ago

Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?

Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

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3 years ago

What is the meaning or moral standard?

erik [133]

Answer:

A moral standard refers to the norms which we have about the types of actions which we believe to be morally acceptable and morally unacceptable. Specifically, moral standards deal with matters which can either seriously harm or seriously benefit human beings.

Explanation:

may this answer is helpful for you

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2 years ago

A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4. 17 and an equity multiplier of

spayn [35]

A corporation has $ $640,000$ in sales, $ $23,000$ in net profit after taxes, a $4.17$ total asset turnover, and a $1.67$ equity multiplier. response is $9%.$ %

The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). The better a corporation is at turning its equity financing into profits, the higher its ROE.

Return on Asset is expressed as a percentage of the total return an organization generates in relation to its total assets. The return on asset calculation formula is.

Return on assets is calculated as Net Profit After Taxes by Asset Turnover and Sales multiplied by $100$ . For example, Return on Assets is $ $23,000*2.5$ by $640000*100$ Return on Assets is $ $57,500/640000*100$ Return

Learn more about equity here.

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1 year ago

A marketing channel is defined as a group of individuals and organizations that

lisabon 2012 [21]

Correct/complete Question:

A marketing channel is defined as a group of individuals and organizations that

a. consumes about one-half of every dollar spent on products in the United States.

b. directs the flow of products from producers to customers.

c. links producers to other marketing intermediaries.

d. manages transportation and warehousing functions.

e. takes title to products and resells them.

Answer:

B, directs the flow of products from producers to customers.

Explanation:

A marketing channel refers to the persons and activities that are involved in the movement or transfer of goods from the manufacturer to the consumer within the supply chain.

It can also be said to a network of distributing good and services

I hope this helps.

3 0

3 years ago