The preparation of the cash budget for the first three months of next year for Kayak Company is as follows:
Kayak Company's Cash BudgetJanuary February March
Beginning balance $30,000 $30,000 $69,294
Cash receipts 525,000 400,000 450,000
Total cash available $555,000 $430,000 $519,294
Cash disbursements (475,000) (350,000) (525,000)
Cash balance $80,000 $80,000 ($5,706)
Minimum required balance (30,0000) (30,0000) (30,000)
Loan interest (600) (106)
Cash available for loan repayment $49,400 $49,894
Beginning Loan balance (60,000) ($10,600)
Loan taken $35,706
Ending Loan balance ($10,600) $0 ($35,706)
Excess cash available $0 $39,294
Total Ending Cash $30,000 $69,294 $30,000
What is a cash budget?A cash budget is a management financial statement that shows the cash inflows (receipts) and cash outflows (payments) within a financial period. It is usually prepared in advance to help managers make important cash planning decisions.
Data and Calculations:Cash Receipts Cash Disbursements
January $525,000 $475,000
February 400,000 350,000
March 450,000 525,000
Thus, the preparation of Kayak Company's cash budget will guide the managers with cash decisions.
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In the introduction to chapter 1, "On The Job: Everyday Ethics at Work," what do the authors compare a workplace to?
Ethics in a workplace is very important as it ensures that everyone is fair and accountable and treats every other person equally.
What is Ethics?This refers to the proper way of doing things which ensures fairness and transparency.
With this in mind, we can see that in the absence of ethics, then business owners can engage in unethical practises which can lead to poor quality of goods in order to increase profit.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1–9. (a) Prepare a trial balance. select a number (b) Journalize the transactions. select a number (c) Journalize and post closing entries. select a number (d) Prepare financial statements. select a number (e) Journalize and post adjusting entries. select a number (f) Post to ledger accounts. select a number (g) Prepare a post-closing trial balance. select a number (h) Prepare an adjusted trial balance. select a number (i) Analyze business transactions. select a number
The listing of the steps in the accounting cycle in proper sequence is as follows:
1. (i) Analyze business transactions.
2. (b) Journalize the transactions.
3. (f) Post to ledger accounts.
4. (a) Prepare a trial balance.
5. (e) Journalize and post adjusting entries.
6. (h) Prepare an adjusted trial balance.
7. (d) Prepare financial statements.
8. (c) Journalize and post closing entries.
9. (g) Prepare a post-closing trial balance.
What is the accounting cycle?The accounting cycle is the standard process that accountants use to identify, analyze, and record accounting events of an entity.
The first step is the analysis of a business transaction to identify the accounts involved. Other steps follow sequentially as above.
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The _______________ are the base of reference for determining responsibility and liability for actions by owner and contractor during the project period.
Answer:
Conditions of the contract
Explanation:
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Jones Corporation reported current assets of $191,800, current liabilities of $137,000, and total liabilities of $275,714 on its most recent balance sheet. The current ratio is:
Based on the information given the current ratio is:1.4.
Current ratioUsing this formula
Current ratio=Current assets/Current liabilites
Where:
Current assets=$191,800
Current liabilities=$137,000
Let plug in the formula
Current ratio=$191,800/$137,000
Current ratio = 1.4
Inconclusion the current ratio is:1.4.
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The first step of proving cash is to
A. calculate the checkbook balance
B. reconcile a bank statement
C. record the bank reconciliation
D. calculate the cash balance
Answer:
calculate the cash balance.
Explanation:
by calculating the cash balance you're insuring yourself that you did the calculations and if the balance is not what you were looking for, then you can go and reconcile a bank statement.
Drag each label to the correct location on the image.
Match the responsibilities to the relevant personnel of an insurance company.
A claims representative is an individual who works for an insurance company.
A claims adjuster is an individual who works for an insurance company. Their primary role is to investigate, evaluate, and settle insurance claims on behalf of the insurance company.
Some of the functions and roles of a claims representative and claims adjuster in an insurance company are common like closing a claim or making calculations.
Some are exclusive to one like inspecting the accident site and making report of how much claim has to be paid, these are exclusive to a claims adjuster working in insurance company
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As the price of a good increases, all else being equal, consumers will likely purchase _____.(1 point)
* less of the good because substitutes have become relatively less expensive
* more of the good because substitutes have become relatively less expensive
* less of the good because substitutes have become relatively more expensive
* more of the good because substitutes have become relatively more expensive
Answer:
less of the good because substitutes have become relatively more expensive
1. What situations might have created the budget deficit for the Constantine family?
Answer:
The situations that might have created the budget deficit for the Constantine family are an unexpected increase in rent, higher cost of food( away), higher cost of personal gifts, and donations. The current budget deficit is $210. These are the items of expenditure that could have increased and have led to the budget deficit for the Constantine family.
Explanation:
A sudden rise in rent, greater food (away) costs, higher prices for presents for family members, and contributions are all possible causes of the Constantine family's budget shortfall.
What is a budget deficit?An overrun in spending over income results in a budget deficit, which can be a sign of a nation's financial stability. The phrase is frequently used to describe government expenditure rather than that of companies or people.
Budget deficits have an impact on the total amount a nation owes to creditors, the total of its annual budget deficits, and the national debt.
Current costs surpass the amount of money obtained via routine operations when a budget deficit is detected. A government may boost revenue-generating activities or reduce specific expenditures in order to balance the country's budget deficit, also known as a fiscal deficit.
A budget deficit may result in more borrowing, greater interest costs, and insufficient investments, all of which reduce income for the next year.
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explain her commitment to a decision could assist a school Leaver to adapt to the change of entrepreneurship
Answer:
with the correct knowledge and training running their own business will become easy and will make them successful
Generally, an education helps potential entrepreneurs with cognitive skills to better evaluate and exploit entrepreneurial opportunities.
Being an entrepreneurship could help school leavers or drop out not to become an unemployment statistics because you are depending on your personal business.
In conclusion, the commitment with the existing education will allow the school leaver to adapt to the change of entrepreneurship.
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Explain in detail the various of cottage industry.
Answer:
A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.
What is the opportunity cost of producing more shoes?
Can Health improve do to prosperity?
Answer:
Yesssssd, Because helps how you think of yourself
What adaptations should one expect of the seed coats of angiosperm species whose seeds are dispersed by frugivorous (fruit-eating) animals, as opposed to angiosperm species whose seeds are dispersed by other means?
a. The seed coat should be modified to support wind dispersal.
b. The seed coat should contain secondary compounds that irritate the animal's mouth.
c. The exterior of the seed coat should have barbs or hooks.
d. The seed coat should be resistant to the animal's digestive enzymes.
e. The seed coat should be able to withstand stomach acidity.
f. The seed coat, upon its complete digestion, should provide vitamins or nutrients to animals.
The adaptations one should expect of the seed coats of angiosperm species are;
The seed coat should be resistant to the animal's digestive enzymes.The seed coat should be able to withstand stomach acidity.Does angiosperm seeds have a seed coat?Angiosperm seeds are known to be grown from the ovules within the ovary. They have a seed coat that encloses an embryo.
In angiosperms, the fruits are said to enclosed the seeds. Seeds are made up of a seed coat, embryo, and endosperm food supply.
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Which statement about small businesses is true?
Answer:
The first job for most Americans is likely to be in a small business.
Explanation:
48% of Americans work in small businesses.
There are 31.7 million small businesses in the US.
Small businesses make up about 50 percent of the GDP.
Small businesses actually employ about tow thirds of private sector employees.
The statement that the first job for most Americans is likely to be in a small business is true.
What is a small business?Small businesses operate on a smaller scale, requiring less capital, fewer employees, and fewer machines to operate. The kind of industries or small businesses that generate goods and services on a small scale are known as industries. These industries are crucial to the growth of a nation's economy. The owner either makes a single investment in machinery, businesses, and plants, or opts to lease or hire these items. Less than one crore is invested in these sectors. Paper, toothpick, pen, bakeries, candles, local chocolate, and other small-scale enterprises are a few examples. These businesses are typically located in urban areas as a separate entity.
While small businesses can often implement the same quality management systems as larger corporations, they may face unique challenges along the way. Small businesses, for example, typically have fewer human resources and less upfront capital to devote to quality initiatives. In a smaller business, however, upper management commitment and accessibility may be stronger, and internal communications may be more straightforward.
Small business personnel's perceived values tend to become common factors in their behavior and can become important factors that generate good long-term performance. Upper management can make a significant contribution to small business culture development if they can express values and ideas to help guide personnel efforts.
The struggle for organizational excellence may be particularly challenging for many small organizations due to constrained resources and competing agendas. The Baldrige self-assessment form is a great addition to the standard SWOT (strengths, weaknesses, opportunities, and threats) analysis for small business owners launching a quality program.
Organizational values are ideas that characterize a specific aspect of the culture and are communicated through ideas like values, mission, vision, policies, and objectives. Usually, the leadership establishes these ideas, and then the staff members accept them.
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Gail Schneeweis is a nurse at Central City Hospital. She is paid $33.62 per hour and has a 40-hour standard workweek. During the biweekly pay period from January 11 to 24, she worked a total of 90 hours
Answer:
Gail would make $6,062.4 after a 2 week and 90 hours job
How do you think entrepreneurship could help school leaners not to become an unemployment statistic
Answer:
show them how to become business owners
Being an entrepreneurship could help school leavers or drop out not to become an unemployment statistics because they are depending on your personal business.
Even without a good government job, as an entrepreneurship, one can create a self employed job on their own
In conclusion, the entrepreneurship helps school learners not to become an unemployment statistic because its allows them own their business independently.
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Microbiotics currently sells all of its frozen dinners cash-on-delivery but believes it can increase sales by offering supermarkets 1 month of free credit. The price per carton is $160, and the cost per carton is $95. The unit sales will increase from 1,110 cartons to 1,170 per month if credit is granted. Assume all customers pay their bills and take full advantage of any credit period offered.
Required:
If the interest rate is 1% per month, what will be the change in the firm's total monthly profits on a present value basis if credit is offered to all customers?
The change in Microbiotics' total monthly profits on a present value basis if credit is offered to all customers is $2,386.61 positive.
What is the present value?The calculation of the present value involves the discounting of the interest rate from the future cash flows.
The present value can be computed using the present value table or an online financial calculator.
Data and Calculations:Price per carton = $160
Cost per carton = $95
Profit per carton = $65 ($160 - $95)
Total profit for 1,110 cartons = $72,150 ($65 x 1,110)
Total profit for 1,170 cartons = $76,050 ($65 x 1,170)
Cost of credit = $760.50 ($76,050 x 1%)
Change in profit = $75,289.50 ($76,050 - $760.50)
Discount factor of 1% = 0.990
Present value of $75,289.50 at 1% in a month's time = $74,536.61 ($75,289.50 x 0.990)
Thus, the change in Microbiotics' total monthly profits on a present value basis if credit is offered to all customers is $2,386.61 positive ($74,536.61 - $72,150).
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The day sheet is a(n):
a. chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
b. abstract of all recent claims filed on each patient
c. electronic permanent record of all financial transactions between the patient and the practice
d. computer-generated list of procedures, services, and suppljes with charges for each
Answer:
[A] chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
Explanation:
The manual daily accounts receivable journal is also known as the Day Sheet , and it is a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific date.
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.
Round your answers to two digits after the decimal.
1a. What is the total cost when producing zero units?
total cost: $
1b. What is the marginal cost for the first unit?
marginal cost: $
1c. What is the average total cost when producing three units?
average total cost: $
1d. What is the average variable cost when producing four units?
average variable cost: $
The total cost when producing zero units is $20.
The marginal cost for the first unit is $50.
The average total cost when producing three units is $65.67.
The average variable cost when producing four units is $98.
What are cost functions?Fixed cost is cost that remains constant regardless of the output produced. It remains constant regardless the level of output. An example of fixed cost is rent. Average fixed cost is fixed cost divided by total output.
Variable cost is the cost that increases with the level of output. It increases the more output is produced. An example of variable cost is wages paid to labor. the average variable cost when producing four units. Average variable cost is variable cost divided by total output.
Total cost is the sum of fixed cost and variable cost. Average total cost is total cost divided by total output.
Marginal cost is the change in total cost.
Total cost of producing zero units = fixed cost + variable cost
$20 + 0 = $20
Marginal cost of the first unit = (total cost of the first unit - total cost of the zero unit) / (2 - 1)
total cost of the first unit = (average variable cost x total output) + fixed cost
$20 + 50 = $70
Marginal cost = (70 - 20) / (2 - 1) = $50
The average total cost when producing three units = Total cost / total units
Total cost of three units = marginal cost of three units + total cost of two units
Total cost of two units = 105 + 92 = $197
The average total cost = $197 / 3 = $65.67
The average variable cost when producing four units = (412 - 20) / 4 = $98
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Campbell, Inc. has just conducted a SWOT analysis. Typically, the next step in the marketing planning process would be ________ and involves using STP (segmentation, targeting, positioning).
There are different kinds analysis. The next step in the marketing planning process would be Identifying and evaluating opportunities and involves using STP (segmentation, targeting, positioning).
What is Identifying and evaluating opportunities?The steps of the strategic marketing process includes mission, situation analysis, marketing plan, marketing mix, and implementation and control.
The third step in the marketing planning process, following the situation analysis, is known to be the steps where one has to identify the various opportunities by using STP which is Segmentation, Targeting, and Positioning.
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After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning which is _______ and involves using STP (segmentation, targeting, and positioning).
A. defining the mission
B. conducting a situation analysis.
C. identifying and evaluating opportunities
D. implementing the marketing mix
E. evaluating performance
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Explain SMART goals and the process of Management By Objectives (MBO).
Answer:
What Is the Goal of Management by Objectives (MBO)? MBO uses a set of quantifiable or objective standards against which to measure the performance of a company and its employees. By comparing actual productivity to a given set of standards, managers can identify problem areas and improve efficiency
to obtain utility a consumer must
Because of its usefulness in CVP analysis, managers generally use an income statement in which format
Answer: Contribution margin income statement
Explanation:
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Unbundling is:
a. sorting claims upon submission to collect and verify information about the patient and provider
b. submitting multiple CPT codes when one code should be submitted
c. assigning lower-level codes than documented in the record
d. contracting out delinquent accounts to a collections agency
Answer:
[B] submitting multiple CPT codes when one code should be submitted
Explanation:
Answer:
B
Explanation:
I think its B to be correct
There are currently 47 states that have _____ for either public or private employees or both that allow protections to an employee if he or she reports known or suspicious wrongdoing to extremal governmental bodies.
There are currently 47 states that have whistleblower protectors for either public or private employees or both that allow protections to an employee if he or she reports known or suspected wrongdoing to extremal governmental bodies.
Who is a whistleblower protector?A whistleblower is a person who exposes information or activity that is deemed illegal and unethical within an organization that is either private or public.
According to the question, the 47 states are known to be protecting the rights of the public or private employees in case of any worn doings.
Hence we can conclude that There are currently 47 states that have whistleblower protectors for either public or private employees or both that allow protections to an employee if he or she reports known or suspected wrongdoing to extremal governmental bodies.
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For which of the following decisions is marginal analysis least beneficial? deciding between watching another episode of your favorite TV series and going to bed deciding whether to do more sit-ups at the gym deciding how fast to go on the freeway deciding which college to attend deciding whether to take a lunch break or knock on another door as a door-to-door salesperson
Deciding which college to attend is more likely to be an absolute choice than one that can be adequately explained by marginal analysis. The examination or comparison process for acquiring an additional unit of any kind is known as marginal analysis. Thus, option D is correct.
The choice is based on whether or not an additional unit should be consumed. The marginal analysis examines the differences between an activity's increased benefits and its associated additional costs. When making decisions, businesses employ marginal analysis to optimize their potential revenues.
Marginal refers to the emphasis on the expense or benefit of the subsequent unit or person, such as the cost of producing an additional widget or the revenue generated by hiring an additional employee.
Examining the costs and possible gains of particular business operations or financial choices is known as marginal analysis. The objective is to ascertain whether the benefits from the change in activity will be great enough to outweigh the costs.
Therefore, option D is the ideal selection.
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Your question seems to be incomplete, but most probably the complete question was:
For which of the following decisions is marginal analysis least beneficial? deciding between watching another episode of your favorite TV series and going to bed
deciding whether to do more sit-ups at the gym
deciding how fast to go on the freeway
deciding which college to attend
deciding whether to take a lunch break or knock on another door as a door-to-door salesperson
A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The break-even point in sales dollars is $
It can be deduced that the break even point of the company will be $46875.
How to calculate break evenThe contribution margin will be:
= Sales - Variable cost
= $125000 - $45000
= $80000
Contribution margin rate will be:
= Contribution margin / Sales
= 80000/125000
= 0.64
Break even will be:
= 30000/0.64
= $46875
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The application for a grant asks for this information: funds required for employee salaries, how much we expect to spend on equipment, and what is the length of the project.
The organization issuing a business grant will always ask for how much the business requires to purchase equipment.
What is a Business Grant?A Business Grant is a type of fund given to the applicant that they are NOT expected to pay back.
This is the reason why the length of the project is NOT material to the Grant application process.
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Jones Corporation reported current assets of $191,800, current liabilities of $137,000, and total liabilities of $275,714 on its most recent balance sheet. The current ratio is: Multiple Choice 1.4 : 1. 0.7 : 1. 0.3 : 1. 1 : 1. 0.5 : 1.
Answer: 1.4 : 1
Explanation: The current ratio is the proportion of current assets to current liabilities. It is calculated as current assets / current liabilities.
So, 191,800 / 13700 = 1.4
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Dr. Olsen wants to know more about the differences between an EHR and a DMS. He thinks he’ll be able to update the old documents once they have been scanned into the system. Identify a disadvantage of a DMS.
Group of answer choices
A. Space saving
B. Retrieval of a large number of records
C. Lack of ability to manipulate data
D. Multiple users can access data at one time
Answer:
The disadvantage is c
Explanation:
A DMS being able to save space, retrieve a large number a and accommodate multiple users are all advantages