To be eligible for federal grants to pay for college, a student must ____

Andy Company had a cash balance on May 1 of $ 30,000. At the end of May, the cash balance has increased to $ 33,000. During the

PIT_PIT [208]

Answer:

The correct answer is A

Explanation:

The Cash payments for the month of may is computed as:

Cash payment = Cash balance on May 1 + Cash received during the month - Cash balance increased

where

Cash balance on May 1 is $30,000

Cash received during the month is $47,000

Cash balance increased is $33,000

Putting the values above:

Cash payments = $30,000 + $47,000 - $33,000

= $77,000 - $33,000

= $44,000

4 0

2 years ago

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of

melamori03 [73]

Questions

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

November 1 November 30

(Actual) (Desired)

Raw materials (pounds) 91,400 86,400

Finished goods 8,500 9,600

(a.) Calculate the number of units of product to be produced during November.

(b.) Calculate the number of pounds of raw materials to be purchased during November

Answer:

Number of units to be produced= 76,100 units

Raw materials to be purchased= 527,700 pounds

Explanation:

Units to be produced

Number of units to be produced = sales budget + closing inventory - opening inventory

= 75,000 + 9,600 - 8,500 = 76,100 units

Number of units to be produced= 76,100 units

Raw materials purchase budget

Raw materials to be purchased = Raw materials to be used + closing inventory of raw materials - opening inventory of raw materials

Raw material usage = production units × standard pounds per unit

= 76,100× 7 =532700 pounds

Raw materials to be purchased = 532,700 +86,400 - 91,400=527700

Raw materials to be purchased= 527,700 pounds

4 0

2 years ago

____________ is the ability of a company to pay its debts as they mature. Liquidity Solvency Financial flexibility Insolvency

pshichka [43]

Answer:

Solvency

Explanation:

Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.

Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.

A company or firm is said to be solvent when the current assets exceeds current liabilities.

4 0

3 years ago

Read 2 more answers

Palding hires an asian company to produce a specified volume of sports equipment that still carries spalding's name. this is an

nadezda [96]

Palding hires an asian company to produce a specified volume of sports equipment that still carries spalding's name. this is an example of contract manufacturing. Contract manufacturing occurs when a company hires a foreign company to produce a specified volume of the firm's product to specification. However, the final product carries the domestic firm's name.

3 0

2 years ago

Item 3 What do economists call GDP that uses constant, unchanging prices? constant GDP real GDP nominal GDP factual GDP

Ivenika [448]

Economists call GDP that uses constant, unchanging prices as

Real GDP

Explanation:

Real gross domestic product (real GDP for short) is a macroeconomic measure of the value of economic output adjusted for price changes . This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
It is calculated using the prices of a selected base year. To calculate Real GDP, you must determine how much GDP has been changed by inflation since the base year, and divide out the inflation each year.
Real GDP accounts for the fact that if prices change but output doesn't, nominal GDP would change.
The real economic growth, or real GDP growth rate, measures economic growth as it relates to the gross domestic product (GDP) from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms

7 0

3 years ago

To be eligible for federal grants to pay for college, a student must _____.