The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.

Answers

Answer 1

Answer:

March $6,000

April $134,400

Explanation:

Preparation of a monthly cash budget for March and April

SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL

March April

Estimated cash receipts from:

Cash sales $157,500 $182,000

($450,000*35%=$157,500)

($520,000*35%=$182,000)

Collections of accounts receivable

$285,000 $328,900

[$51,000+($450,000*65%*80%)=$285,000]

[($450,000*65%*20)+($520,000*65%*80%)=$328,900]

Total cash receipts $442,500 $510,900

($157,500+$285,000=$442,500)

($182,000+$328,900=$510,900)

Estimated cash payments for:

Manufacturing costs $174,500 $305,000

[$102,000+($290,000*1/4)=$174,500]

[($290,000*3/4)+($350,000*1/4=$305,000)]

Selling and administrative expenses $37,000 $37,500

[($41,400-$6,400)/2 + $19,500 $37,000]

[($46,400-$6,400)/2 +$19,500$37,500]

Capital additions $250,000 $0

Income taxes $0 $40,000

Total cash payments $461,500 $382,500

Cash increase (decrease) -$19,000 $128,400

($442,500-$461,500=-$19,000)

($510,900-$382,500=$128,400)

Cash balance at beginning of month $45,000 $26,000

Cash balance at end of month $26,000 $154,400

(-$19,000+$45,000=$26,000)

($128,400+$26,000=$154,400)

Minimum cash balance $20,000 $20,000

Excess (deficiency) $6,000 $134,400

($26,000-$20,000=$6,000)

($154,400-$20,000=$134,400)

Therefore The monthly cash budget for March and April will be :

March $6,000

April $134,400


Related Questions

If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus

Answers

Answer:

the answer is B

Explanation:

Which type of manager would most likely be responsible for researching customers' purchasing habits?

A. Operations manager

B. Marketing manager

C. Finance manager

D. Human resources manager

Answers

Answer:

Operations manger i think someone said that

name and explain two factors that contribute to a detrimental relationship?​

Answers

Answer:

The two factors that contribute to a detrimental relationship are infidelity and lack of communication. Further Explanation: Detrimental relationship is a type of harmful relationship that may hurt a person in a relationship. Detrimental is something that has a damaging and harmful effect on someone or something

Explanation:

Complete the following sentence.
When preparing to go to an interview, it is best to arrive ____.

Answers

Answer:

early

Explanation:

hope this helps :)

Answer:

prepared

Explanation:

what is trade?clarify the importance of foreign trade in nepal in five points.​

Answers

Answer:

trade plays an important role in

economic development of a country.

Explanation:

it promote economic development. improving competative capacity expanding market providing modern technologies and machinery and for agriculture sector last one is not remember

hope it help you

Answer:

Buying and selling good is called trade. that's importance of foreign trade in Nepal are:

1.The currency of the rich nation is reliable so foreign trade enable us to earn this foreign currency by selling products.

2. it help to preserve our traditional art and crafts skill.

3.if one country concentrate on a certain products,they can develop skills and knowledge and product very high quality good.

4. it is sensible to use resources and tools in place where they found

Which type of product would most likely need careful planning and cultural
consideration when marketing it to another country?
A. Movies
B. Soap
C. Tools
D. Steel

Answers

Answer: A. movies

Explanation: when being made, movie makers take in consideration, all ages who could be watching this, what type of people are watching, and what kind of cultures are included in the making of the movie. They don't want to be sued for stereotypes, bias, and or degrading material.

Hope this helps :)

The type of product which would most likely need careful planning and cultural consideration when marketing it to another country is movies. Thus, the correct answer is option A.

What is planning?

The process of considering the activities required to accomplish a particular objective is known as planning. Foresight, the fundamental talent for mental time travel, underpins planning. The evolution of foresight, or the ability to plan ahead, is supposed to have been a driving force in human evolution.

When movies are made, filmmakers consider the ages of those who might watch them, the types of people who might watch them, and the cultures represented in the film. They do not want to be sued for stereotyping, bigotry, or derogatory stuff.

Therefore, a good planning is required before starting a work on a movie taking into consideration all the factors involved with it.

To learn more on planning, here:

https://brainly.com/question/30522410

#SPJ2

Define about informal education tutor​

Answers

Answer:

Informal education is a general term for education that can occur outside of a structured curriculum. Informal education encompasses student interests within a curriculum in a regular classroom, but is not limited to that setting. It works through conversation, and the exploration and enlargement of experience.

Explanation:

what are the positives and negatives of starting your career planning now while still in middle school?

Answers

+ is you know what you are looking for in life, what are your goals and what you need to do to achieve them.

- is getting bored soon (changing your mind), and not enjoying your childhood.

I hope i helped :)

Text written for advertising and marketing campaigns is referred to as

A. content.

B. context.

C. copy.

D. collateral.

Answers

Answer:

Option C. is correct

Explanation:

Advertising and marketing campaigns help to identify the needs of customers and to find a way to meet their needs in the best possible way. Such campaigns also help to promote the products or services of a company.

Text written for advertising and marketing campaigns is referred to as copy.

Therefore,

Option C. is correct

Answer:

the answer is copy

Explanation:

explain the role of the board of directors in a public company.provide four points​

Answers

Answer:

A group of people who make decisions that determine the future of a company.

Explanation:

Board of Directors are basically the ones calling all the shots in a company. They decide all the major decisions relating to their business and it could affect every employee and employer of the company. They can decide anything from who gets fired and who stays on their team to new ways to produce the product that they sell.

Hope this helps.

This is for people who have a ps4.
do you still have to pay the PS plus even though you have Auto-renew off?

Answers

Answer:

not me

Explanation:

Answer:

no

Explanation:

Have a lovely day. <:

What is a sales quote?

Answers

Answer:

Explanation:

A sales quote allows a prospective buyer to see the costs that will be involved for desired work.

a quote that sales i’m pretty sure

History of Criminal Law
1. Since the beginning of civilization there have been
to guide appropriate behavior.

Answers

Answer:

Key Takeaways: Criminology

Criminology is the scientific study of crime and criminals.

It involves research to identify the factors that motivate certain persons to commit crimes, the impact of crime on society, the punishment of crime, and the development of ways to prevent it.

People involved in criminology are called criminologists and work in law enforcement, government, private research, and academic settings.

Since its beginnings in the 1800s, criminology has evolved into an ongoing effort to help law enforcement and the criminal justice system respond to the changing societal factors contributing to criminal behavior.

Criminology has helped develop several effective modern crime prevention practices such as community-oriented and predictive policing.

Criminology Definition

Criminology encompasses a wider analysis of criminal behavior, as opposed to the general term crime, which refers to specific acts, such as robbery, and how those acts are punished. Criminology also attempts to account for fluctuations in crime rates due to changes in society and law enforcement practices. Increasingly, criminologists working in law enforcement employ advanced tools of scientific forensics, such as fingerprint study, toxicology, and DNA analysis to detect, prevent, and more often than not, solve crimes.

Modern criminology seeks a deeper understanding of the psychological and sociological influences that make certain people more likely than others to commit crimes.

Deviant Personality Traits

From a psychological perspective, criminologists attempt to explain how deviant personality traits—such as a constant need for the gratification of desires—might trigger criminal behavior. In doing so, they study the processes by which people acquire such traits and how their criminal response to them can be restrained. Often, these processes are attributed to the interaction of genetic predisposition and repeated social experiences.

Many theories of criminology have come from the study of deviant behavioral sociological factors. These theories suggest that criminality is a natural response to certain types of social experiences.

Explanation:

development of financial institutions​

Answers

a Development Financial institution (DFi) is defined as “an institution endorsed or supported by Government of india primarily to provide devel- opment/Project finance to one or more sectors or sub-sectors of the econ- omy. ... these DFis are also known as Development banks.

Which wizard is a tool provided by Access that is used to scan the table's structure for duplicate data?
O Query Design Wizard
O Table Design Wizard
O Table Analyzer Wizard
0 Performance Analyzer Wizard

Answers

Answer:

Table Analyzer Wizard

Explanation:

Answer:

Table Analyzer Wizard

Explanation:

right on the test

Waterway Corp. enters into a contract with a customer to build an apartment building for $1,046,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $148,500 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $49,500 each week that completion is delayed. Waterway commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:Completed by ProbabilityAugust 1, 2018 70 %August 8, 2018 20 August 15, 2018 4 After August 15, 2018 6 (a) Determine the transaction price for the contract, assuming Waterway is only able to estimate whether the building can be completed by August 1, 2018, or not (Waterway estimates that there is a 70% chance that the building will be completed by August 1, 2018). (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price __________ $(b) Determine the transaction price for the contract, assuming Waterway has limited information with which to develop a reliable estimate of completion by the August 1, 2018, deadline. (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price ___________ $

Answers

Answer:

A. $1,195,400

B. $1,172,630

Explanation:

A. Calculation to Determine the transaction price for the contract

Transaction price=$1,046,900+$148,500

Transaction price=$1,195,400

Therefore the transaction price for the contract will be $1,195,400

B . Calculation to determine the transaction price for the contract.

First step is to Calculate the probabilities

August 1, 2018=$148,500*.7

August 1, 2018=$103,950

August 8, 2018=$99,000*.2

($148,500-$49,500)

August 8, 2018=$19,800

August 15, 2018=$49,500*.04

August 15, 2018=$1,980

August 15, 2018=$0*.06

August 15, 2018=0

Now let calculate the Transaction price

Total transaction price =$1,046,900+$103,950+$19,800+$1,980

Total transaction price =$1,172,630

Therefore The Total transaction price will be $1,172,630

name any TWO markets within the four-sector circular flow model​

Answers

Answer:

Explanation:

The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.

Gina wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in two years. Roughly how much will Gina need to save for one-year’s tuition to account for an annual rate of inflation of 2%?

$204.00
$14,00.00
$10,404.00
$20,000.00

Answers

Answer: $14,000(B)

Explanation:

Each year the tuition costs 2% more. She doesn’t start college for another two years so that makes the rate 4% more the 10,000 which is 14,000

Answer:

C

Explanation:

C : $10,404.00 is correct. I got it right on the test. B is wrong.

You get a part time job through an employment service. The service charges you ten percent of your forst weeks pay as payment for getting the job. tax or no tax

Answers

tax...................

Answer:

No tax

Explanation:

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were

Answers

Answer:

Equivalent units of production for conversion costs for June were :

104,000 units  - Weighted Average Cost method

90,000 units   - FIFO method

Explanation:

If Weighted Average Cost method is used for this question.

Conversion Costs

Units Completed and Transferred (100,000 x 100%)      100,000

Units In Ending Work In Process (10,000 x 40%)                4,000

Total Equivalent units of production                                104,000

If FIFO method is used for this question.

Conversion Costs

To finish Opening Work In Process (20,000 x 30%)          6,000

Started and Completed  (80,000 x 100%)                        80,000

Units In Ending Work In Process (10,000 x 40%)               4,000

Total Equivalent units of production                                 90,000

 

Required
Natural resources occur in the environment.

False

True

Required
Example of services are ________.
Required
Example of goods are _____________.
Required
A renewable resource cannot be exhausted.

True

False​

Answers

Answer: See explanation

Explanation:

• Natural resources occur in the environment.

This is true. In our environments, we can see natural resources. They include coal, tin, limestone, iron ore etc.

• Example of services are teaching, banking, insurance, tailoring etc. In an economy, services are regarded as the intangible parts as they can't be touched. It is an important part of every nation.

• Example of goods are clothes, pens, cars etc.

Goods are physical and tangible items. They include laptops, chairs, phones etc.

• A renewable resource cannot be exhausted.

This is true. A renewable resource cannot be exhausted e.g. sunlight.

what should you consider regarding auto insurance before buying a vehicle

Answers

Check to see if you can pay for the car for example when paying monthly can you meet the standards to pay the bill on time. The costs of repairs after the cars been broken down

Answer:both a and c

Explanation:

i did the quiz

Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year $481,250
Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours

Results of operations:
Actual direct labor-hours 40,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 179,000
Other manufacturing overhead costs incurred $ 465,000

Answers

Answer:

The results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 481,250 / 35,000

Predetermined manufacturing overhead rate=  $13.75 per direct labor hour

Now, we allocate overhead based on actual hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 13.75*40,000

Allocated MOH= $550,000

Finally, the under/over applied overhead and the closing to cost of goods sold:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 644,000 - 550,000

Underapplied overhead= $94,000

When overhead is underapplied, we need to debit the cost of goods sold.

COGS     94,000

 Manufacturing overhead   94,000

Match the financial institution with its definition.

1. Brokerage Firm

2. Credit Union

3. Bank

a. An organization chartered by either the state where it is headquartered or by the federal government.

b. A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

c. A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

Answers

Answer:

1. C

2. B

3. A

Explanation:

a. Bank: An organization chartered by either the state where it is headquartered or by the federal government.

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

b. Credit Union: A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

c. Brokerage Firm: A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

how to answer people question without typing a question 1st?

Answers

just press answer question and if u don’t know it, just exit out

To get more speed, your driven gear needs to be ________________ the drive gear.


a
larger than
b
smaller than
c
the same size as

Answers

The correct answer is A.
Is larger than the driver it’s a

This is an application which students can fill out every year to see if they qualify for
monetary aid such as: Pell grants, Stafford subsidized student loans, Perkins loans, or
work-study programs.
a) ACT
b) CTE
c) FAFSA
d) GPA

Answers

Answer:

FAFSA is the correct answer

Which of the following activities is not associated with the final stage of production? *

1 point

A. Distribution of goods to final consumers

B. Exchange of goods between buyers and sellers

C. Marketing of goods and services to prospective customers

D. Sourcing of raw materials

E. Warehousing of manufactured​

Answers

Answer:

the answer is sourcing of raw materials

it depends if it is direct or indirect

plese explain ill mark brainliest...



the difference between liability, owners equity, assets​

Answers

Answer: Assets are cash, properties, or things of values owned by the business. Liabilities are amounts the business owes to creditors. Owner's equity is the owner's investment or net worth.

Explanation:

Which statement best describes the circular flow of an economy?

the flow between businesses and resources

the exchange of money, goods, and services in an economy

a circular flow happens only in a resource market

a circular flow happens only in a goods and services market

Answers

Answer:

C

Explanation:

The statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.

According to the economic perspective, circular flow refers to the money flow and the resources i.e. goods and services lies between the people in which there is an exchange of resources that could be done in return for the money.

It involved two types of market i.e. factors and goods and in these two markets,  the resources should be provided in order to receive the monetary value.

The following statements represent the circular flow of an economy:

It does not have a flow between the business and resources.It does not have the flow only in the resource market.It does not have the flow only in the goods and services market.

Therefore we can conclude that the statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.

Learn more about the circular flow of the economy here: brainly.com/question/11324259

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