Answer:
Production budget for First quarter= 16,500 units
Explanation:
<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>
Production = Sales volume + closing inventory - opening inventory
Closing inventory = 20% × second quarter sales
= 20% × 20,000 = 4,000 units
<em />
<em>Production budget for the first quarter</em>
=17,000 + 4000 -4500
= 16,500 units
Company
Dec. 31. 2016
Assets
Cash- $191,600
Dec. 31. 2015
Assets
Cash- $204,000
Goods sold for 2016- $724,000
Liabilities
Dec. 31.2016
Accounts Payable- $88,000
Liabilities
Dec. 31. 2015
Accounts payable- $83,600
In order to find the company's total amount of cash payments for 2016, you find the minus the previous assets with the new assets..
Ex. $191,600 - $204,000 = -12,400
Then minus your answer with Goods Sold in 2016
Ex. $724,000 - $12,400 = $711,600
Then, minus the pervious amount of Accounts payable with the new Accounts Payable
Ex. $88,000 - $83,600 = $4,400
New payments for 2016-
Ex. Add $88,000 + $83,600 = $171,600
Then, $171,600 - $4,400 = $167,200
Thus, $167,200 equals the company's total amount of cash payments 2016.
Answer:
Preparation of a statement of cash flows involves five steps
1. Compute net cash provided or used by operating activities.
This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.
2. Compute net cash provided or used by investing activities.
This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.
3. Compute net cash provided or used by financing activities.
This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.
4. Compute the net increase or decrease in cash
This is the section where the cash-flow from operating, investing and financing activities is been balanced.
5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.
After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance
If the NCUA charges 6.3 cents per 100 dollars insured and credit union l pays $8,445 in NCUA insurance premiums is option b 5.3 million dollars.
<h3>By insurance, what do you mean?</h3>
Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unfavorable occurs, the insurance provider compensates you or a different person of your choosing. If you don't have insurance and an accident occurs, you can be liable for all expenses.
<h3>What advantages does insurance offer?</h3>
Insurance serves as a financial safety net to help you and your loved ones recover in the event of a tragedy, such as a fire, theft, legal action, or car accident. When you get insurance, you will receive an insurance policy, which is a contract that is legally enforceable between you and your insurance company.
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Answer:
Strategic plan
Explanation:
Strategic plans are the way by which an organization define it's long term goal and the path for the same as well along with making decisions and allocating resources for the same.
