Answer: D
Explanation: Assets = Liabilities + Owners Equity
Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year.
Cash Receipts Cash Disbursements
January $525,000 $475,000
February 400,000 350,000
March 450,000 525,000
Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to meet this requirement charge 1% interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1.
Required:
Prepare monthly cash budgets for each of the first three months of next year.
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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Because of its usefulness in CVP analysis, managers generally use an income statement in which format
Answer: Contribution margin income statement
Explanation:
What is the opportunity cost of producing more shoes?
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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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.
Zoe just opened a boutique and has recently had some issues. She has been
bringing in enough money to cover expenses from month to month, but she
keeps getting charged late fees. She has a ton of billsfrom multiple
companies both big and small. Which of the following should Zoe do to avoid
debt issues?
A. Track due dates
B. Pay automatically
C. Check for accuracy
D. Prioritize spending
Answer:
A. Track due dates.
Explanation:
Just took test
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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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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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
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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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
During the start of the financial crisis, the dollar sharply ______ against most other currencies as global investors sought a safe haven investment in ______.
depreciated; mortgage backed securities appreciated; U.S. Treasury securities
appreciated; U.S. real estate
depreciated; U.K. government securities
Answer:
D
Explanation:
Seems to be the most applicable answer.
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 17% 34% Bond fund (B) 11% 25% The correlation between the fund returns is 0.15.
Variance and covariance are used in probability to determine the spread and relationship between variables
The variance of stock S is 0.1156The variance of stock B is 0.0625The covariance of the stocks is 127.5How to determine the variance of the stocksThe variance of stock S is calculated as
[tex]\sigma^2_s = (34\%) * (34\%)[/tex]
[tex]\sigma^2_s = 0.1156[/tex]
The variance of stock B is:
[tex]\sigma^2_b = (25\%) * (25\%)[/tex]
[tex]\sigma^2_b = 0.0625[/tex]
The covariance of the stocksThis is calculated as:
[tex]Cov = r(s,b) * \sigma_s * \sigma_b[/tex]
So, we have:
[tex]Cov = 0.15 * 34 * 25[/tex]
[tex]Cov = 127.5[/tex]
Hence, the covariance of the stocks is 127.5
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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
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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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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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
to obtain utility a consumer must
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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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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g Thomas Franklin claimed an additional $3,000 in deductions he knowingly knew he did not qualify for so he could reduce his tax bill. This is referred to as tax:
A tax evasion has occurred when Franklin claimed an additional $3,000 in deductions knowingly that he did not qualify for reduction in his tax bill.
What is a tax evasion?A tax evasion is seen as a crime/offense because the taxpayer defaults in tax filing either by refusal in payment of tax or deduction from normal tax.
In conclusion, a tax evasion has occurred when Franklin claimed an additional $3,000 in deductions knowingly that he did not qualify for reduction in his tax bill.
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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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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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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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Can Health improve do to prosperity?
Answer:
Yesssssd, Because helps how you think of yourself
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.
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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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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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
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.