JoeFit, Inc. is using the basic FOQ model to manage its inventory for K2 microprocessors. The setup cost per order is $200 and the inventory carrying cost is $0.05 per chip per year. Suppose the company is placing the optimal order quantity in each order and the resulting total annual setup and carrying costs are $32,000. What is the annual demand of the K2 microprocessors

Answers

Answer 1

Answer:

51.2 million

Explanation:

The computation of the annual demand is shown below:

As we know that the total annual setup cost and the carrying cost would be equivalent to EOQ

Since the total annual setup cost & carrying cost is $32,000

So, for each it would be $16,000

Now

Total number of orders is

= $16000 ÷ $200

= 80 orders

And, Total inventory carrying cost = 0.05 × (EOQ ÷ 2)

$16000 = 0.05 × EOQ ÷ 2

$32000 ÷ 0.05 = EOQ

EOQ = 640000 units

Now

Total demand = 640000 × 80

= 51200000

= 51.2 million

Answer 2

The annual demand for the K2 microprocessors is 51.2 million.

The total annual setup and carrying costs are $32,000, therefore, the value of each will be:

= $32000/2

= $16000.

The total number of orders will be:

= 16000/200 = 80 orders

The economic order quantity will be:

16000 = 0.05 × (EOQ/2)

EOQ = 32000/0.05

EOQ = 640000

The total demand will be:

= 640000 × 80 = 51.2 million

In conclusion, the annual demand of the K2 microprocessors is 51.2 million.

Read related link on:

https://brainly.com/question/19542745


Related Questions

Corruptco is a large machine shop that fabricates metals. Corruptco maximizes profits and shareholder value by polluting the local river, where fish are often killed off due to the pollution, rather than installing a pollution abatement device. While this is not specifically in violation of the law, it does put burdens on the local community. Which theory of corporate social responsibility is Corruptco exhibiting

Answers

Answer: a. the narrow view, or invisible hand theory

Explanation:

When it comes to the narrow view theory of corporate social responsibility, companies put one thing above all else, the maximisation of shareholder wealth.

Any activity that would help them do so - legally - is considered fair game even if it leads to adverse effects. Corruptco is therefore adhering to this theory because they are polluting the the local river to maximize shareholder value.

According to the quantity equation, the price level would change less than proportionately with a rise in the money supply if there were also either a a. rise in output or a rise in velocity. b. fall in output or a rise in velocity. c. rise in output or a fall in velocity. d. fall in output or a fall in velocity.

Answers

Answer:

either a rise in output or a fall in velocity.

Explanation:

As per the quantity equation, if the level of the price would varies and less than the increase in the money supply so there should be either a rise in the output or the decline in the velocity

The quantity equation is

MV = PY

where

M denotes money supply

V denotes velocity

P denotes price level

Y denotes output

As the money supply would increase so it would be balance when there is a decline in a velocity or increase in output so that the price would remains the same

hence, the above represent the answer

A $64,000 machine with a 6-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $82,000, with a 10-year class life. The new machine will not increase sales, but will decrease operating costs by $9,000 per year. Simplified straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent. What is the incremental annual cash flow associated with the project

Answers

Answer:

$6,779

Explanation:

Calculation to determine the incremental annual cash flow associated with the project

First step is to calculate the depreciation

Depreciation=[($64,000/6 years)-($82,000/10 years)

Depreciation=$10,667-$8,200

Depreciation=$2,467

Now let calculate the Incremental annual cash flow

Incremental annual cash flow ={($9,000-$2,467)

-[($9,000-$2,467)*34%]+$2,467}

Incremental annual cash flow =[($6,533-$2,221)+$2,467]

Incremental annual cash flow =$4,312+$2,467

Incremental annual cash flow=$6,779

Therefore the incremental annual cash flow associated with the project is $6,779

The 1996 Telecommunications Act ______. a.required both radio and television stations to adhere to the fairness doctrine b.exempted cable stations from the same standards of fairness and decency required of broadcast stations c.prohibited broadcast networks from owning cable stations d.created the equal time rule e.allowed ownership of multiple broadcast stations as long as those stations did not reach more than 35 percent of the market

Answers

Answer:

e. allowed ownership of multiple broadcast stations as long as those stations did not reach more than 35 percent of the market

Explanation:

The 1996 Telecommunications Act is also referred to as the Communications Decency Act of 1996 and it was enacted by the 104th US Congress and signed into law by President Bill Clinton, being effective from 8th February, 1996.

The 1996 Telecommunications Act allowed ownership of multiple broadcast stations as long as those stations did not reach more than 35 percent of the market

. All of the following are elements of the Keynesian economic framework EXCEPT

Answers

Answer:

1_multiplier

2_the laffer curve

3_the accelerator

4_the consumption

Assume the following information for Splish Brothers Corp.
Accounts receivable (beginning balance) $143,000
Allowance for doubtful accounts (beginning balance) 11,470
Net credit sales 950,000
Collections 902,000
Write-offs of accounts receivable 5,500
Collections of accounts previously written off 2,300
Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.
1. Prepare the entry to record the write-off of uncollectible accounts during the period.
2. Prepare the entries to record the recovery of the uncollectible account during the period.
3. Prepare the entry to record bad debt expense for the period.

Answers

Buddy I got a hold on hood buddy I got

The law of diminishing returns states that as additional increments of resources ______________, the marginal benefit from those additional increments _______________. Select the correct answer below: are reduced, will decline eventually are added; will decline eventually are added; will increase eventually are reduced; will remain the same

Answers

Answer:

are added; will decline eventually

Explanation:

the point of diminishing returns sets in when the optimum capacity has been attained. at this level, increasing production by any extra unit would only bring about little or Fall in output.

if we hold the other factors of production constant/fixed while increasing one input, we will get toa stage where more additions of this input by one unit would only bring about decrease in output or cause output to fall.

therefore in summary this law States that as more increments are added, marginal benefit from increments declines eventually.

According to the most favored nation clause (Article I of GATT), which of the following is true?
A. Tariffs on products imported from countries belonging to the WTO must be lower than tariffs on the same products imported from countries that are not members of the WTO.
B. A country can lower tariffs on imports from countries with most favored nation trading status without changing tariffs on imports from other members of the WTO.
C. If a country gives a trade advantage to one partner, then this advantage must be extended to all its trading partners belonging to the WTO.
D. If a country imposes higher tariffs on one trading partner, then those high tariffs must be imposed on all its trading partners belonging to the WTO.

Answers

Answer:

C. If a country gives a trade advantage to one partner, then this advantage must be extended to all its trading partners belonging to the WTO.

Explanation:

The correct option is - C. If a country gives a trade advantage to one partner, then this advantage must be extended to all its trading partners belonging to the WTO.

Reason -

Most-favoured-nation (MFN): treating other people equally  Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.

Which of the following is NOT a likely major for someone planning to go to medical school?
O Zoology
O Biology
O Biochemistry
O Public relations

Answers

Answer:

public relations

Explanation:

The other choices are all Science related so they are likely majors but, public relations are not.

Creighton Bicycles and Repair conducted a survey and discovered that among customers who had tried both bike shops, its successful cross-town competition was preferred about 75% of the time. The most frequently cited reason was customer service. This information would be most helpful to introduce to employees during which stage of Lewin's change model

Answers

Answer:

Creighton Bicycles and Repair

This information would be most helpful to introduce to employees during Unfreezing stage of Lewin's change model.

Explanation:

The unfreezing stage is the best time to introduce information that challenges the status quo because it will help to prepare Creighton Bicycles and Repair employees to accept that change is inevitable.  Creighton Bicycles and Repair should not be satisfied with 75% when it can attain 100% preference for its cross-town competition and other measurable indices.  The unfreezing stage convinces organization people that things must change.  This information cannot be introduced during the change stage or the refreezing stage.

 

A company has two options for manufacturing boots. The manual process has monthly fixed costs of $26,380 and variable costs of $5.16 per pair of boots and an automated process with fixed costs of $52,239 per month and variable costs of $2.09 per pair of boots. They expect to sell each pair of boots for $99. What is the monthly break-even quantity (number of units) for the manual process

Answers

Answer:

Break-even point for the manual process= 281.11 unit

Explanation:

Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss because the total contribution exactly equals the total fixed costs.

Break even point in units is calculated using this formula:  

Break even point in units = Total general fixed cost/ (selling price - Variable cost)

Break-even point for the manual process:

Break-even point in units = $26,380/(99- 5.16) = 281.11 units

Break-even point for the manual process= 281.11 units

According to the video, an interactive website needs to be able to do what things? Check all that apply. invite people to provide information remove unwanted viewers send information, products, and services automatically play videos process payments send viewers to other websites

Answers

Answer:

A,C,E

Explanation:

Answer:

A,C,E

Explanation:

The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for August using the weighted-average inventory method. Units of ProductPercent of Conversion Added Beginning Work in Process230,00060% Units started570,000100% Units completed620,000100% Ending Work in Process180,00070% Multiple Choice 758,000 800,000 620,000 746,000 884,000

Answers

Answer:

Equivalent units of production= 746,000 units

Explanation:

Giving the following information:

Units completed 620,000 100%

Ending Work in Process 180,000 70%

The weighted average method blends the costs and units of the previous period with the costs and units of the current period.

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 620,000 + (180,000*0.7)

Equivalent units of production= 746,000 units

Imagine Two Households each with an income of $65,000 per year. Household A consists of two married individuals both 51 years old with one child who is now 27 years old and out of the house. Household B consists of two married individuals who are 31 years old and have three young children, two of which attend day care. The Government in implementing policies to effect Tax Fairness will concentrate on:

Answers

Answer: A. The Benefits Principle

Explanation:

According to the Benefits Received principle, people should pay taxes based on the benefits they receive from the government. This is how the government will effect tax fairness.

For example, Household B has three young children, two of which are in day care while Household A does not have any children at that age. Household A and Household B should therefore not pay the same when it comes to educational taxes. Household B should pay more and Household A should pay less because an educated society is beneficial to everyone but to them, only indirectly.

The government, when carrying out tax equity, will focus on the principle of benefits, as shown in option A.

We can arrive at this answer because:

The principle of benefits is considered whenever the government needs to determine the tax rate of citizens.This principle determines that people who use a particular social service must pay a higher tax rate than those who do not use that service.

An example of this can be seen in the families presented above, since, in relation to the tax paid to promote national education, both families must be taxed, since the entire population benefits from this service.

However, family B benefits more from this service, as they have three children who need education promoted by the government, unlike family A, who has an adult child and who have already graduated.

According to the principle of benefits, both families must pay taxes for education, but family B must pay a higher tax than family A.

More information:

https://brainly.com/question/18756607?referrer=searchResults

You bought a new game for your PS3, but when you opened the package and used the disk on your machine, it burned out your PS3 and destroyed it as well as creating power short-circuits in your house, which caused a small basement fire. Did you sign an agreement with the game maker that determines the game's warranty, place of jurisdiction, and other important terms?
yes
no

Answers

nooooo
i would take it back or even sue if it was that bad

Answer:

nope ps3 is not important

Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login name as customer_id primary key.
Online: An entity that describes a customer purchasing activity online. An instance occurs when the customer completes the transaction. Customers can purchase more than once.
Visits: An entity that describes a customer purchase in a physical store. An instance occurs if a customer makes or purchase or checks-in using an app. Customers can visit more than once per day.
Satisfaction: An entity that represents data from a recent customer satisfaction survey. An instance occurs when a customer takes the survey. A customer is tracked by login name and can only take the survey one time.
Use the information to match the following relationships. Answers can be reused more than once.
1. The relationship between Customer and Online.
2. The relationship between Customer and Satisfaction.
3. The relationship between Online and Visits.
4. The relationship between Visits and Satisfaction
A. prototype
B. one-to-one
C. Zero-sum
D. one-to-many
E. TOO many F. many-to-many.

Answers

Answer:

1. The relationship between customer and Online - One to one

2. The relationship between customer and Satisfaction - One to many

3. The relationship between online and visits - Many to many

4. The relationship between Visits and satisfaction - Prototype

Explanation:

The relation ship with customer is often one to one. The customers are required to fill the satisfaction surveys which enable the business to understand their value in the eyes of its customers and try to improve their level of service to their customers. The customer satisfaction is important for any business as the satisfied customer may bring more customers.

A mail-order house uses 16,025 boxes a year. Carrying costs are 46 cents per box a year, and ordering costs are $97. The following price schedule applies. Number of Boxes Price per Box 1,000 to 1,999 $1.35 2,000 to 4,999 1.25 5,000 to 9,999 1.15 10,000 or more 1.10 Click here for the Excel Data File a. Determine the optimal order quantity. (Round your answer to the nearest whole number.) b. Determine the number of orders per year. (Round your answer to 2 decimal places.)

Answers

Answer:

a. Optimal order quantity = 2,600 boxes

b. Number of orders per year = 6.16 orders per year

Explanation:

a. Determine the optimal order quantity. (Round your answer to the nearest whole number.)

D = Annual demand = 16,025

O = Ordering cost = $97

C = Carrying costs = 46 cents, or $0.46

Optimal order quantity = Economic order quantity = ((2 * D * O) / C)^0.5 = ((2 * 16,025 * 97 ) / 0.46)^0.5 = 2,600 boxes

b. Determine the number of orders per year. (Round your answer to 2 decimal places.)

Number of orders per year = Annual demand / Economic order quantity = 16,025 /  2,600 = 6.16 orders per year

Annual Income Statement Data Selected Year-End Balance Sheet Data Sales $ 50,000 Prepaid expenses increase $ 3,000 Expenses: Inventory increase 500 Cost of goods sold 30,000 Accounts payable decrease 1,000 Wages expense 10,000 Amortization expense 1,500 Net income $ 8,500 Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Answers

Answer:

see calculation and working below

Explanation:

operating activities section

Net income                                                               $ 8,500

Adjust for changes in non- cash items :

Amortization expense                                                $1,500

Adjust for changes in working capital :

Prepaid expenses increase                                   ($ 3,000)

Inventory increase                                                     ($500)

Accounts payable decrease                                   ($1,000)

Net Cash Provided by Operating Activities            $5,500

Comet Company accumulated the following account information for the year: Beginning raw materials inventory $ 5,100 Indirect materials cost 1,100 Indirect labor cost 4,100 Maintenance of factory equipment 1,900 Direct labor cost 6,100 Using the above information, total factory overhead costs equal:

Answers

Answer:

See below

Explanation:

Given that ;

Beginning raw materials inventory

= $5,100

Indirect materials cost = $1,100

Indirect labor cost = $4,100

Maintenance of factory equipment = $1,900

Direct labor cost = $6,100

Factory overhead = Indirect materials + indirect labor + maintenance of factory equipment

Factory overhead = $1,100 + $4,100 + $1,900

Factory overhead = $7,100

Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 6 percent until you retire in 40 years. You believe that interest rates will increase over the next year and you would be offered 6.6 percent per year one year from today. If you plan to deposit $18,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit

Answers

Answer:

$32,529.54

Explanation:

To determine the answer the difference in future value of the investment options have to be determined

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

First option

$18,000 x (1.06)^40 = $185,142.92

Second option

$18,000 x (1.066)^39 = $217,672.46

Difference in future values = $217,672.46 -  $185,142.92 = $32,529.54

The price of Microsoft is $37 per share and that of Apple is $43 per share. The price of Microsoft increases to $42 per share after one year and to $47 after two years. Also, shares of Apple increase to $49 after one year and to $59 after two years. If your portfolio comprises 100 shares of each security, what is your portfolio return in year 1 and year 2

Answers

Answer: 13.75% ; 16.48%

Explanation:

Year 0:

Microsoft: Current value = 100 at $37 = $3700

Apple: Current value = 100 at $43 = $4300

Portfolio value = $3700 + $4300 = $8000

Year 1:

Microsoft: value at year 1 = 100 at $42 = $4200

Apple: value at year 1= 100 at $49 = $4900

Portfolio value = $4200 + $4900 = $9100

Year 2:

Microsoft: value at year 2 = 100 at $47 = $4700

Apple: value at year 2 = 100 at $59 = $5900

Portfolio value = $4700 + $5900 = $10600

Therefore, Portfolio returns for year 1 will be:

= (value at the end of year 1 / current value) - 1

= (9100 / 8000) - 1

= 1.1375 - 1

= 0.1375

= 13.75%

Portfolio returns for year 2 will be:

= (value at the end of year 2 / value at the end of year 1) - 1

= (10600 / 9100) - 1

= 16.48%

Short Company purchased land by paying $11,000 cash on the purchase date and agreed to pay $11,000 for each of the next six years beginning one-year from the purchase date. Short's incremental borrowing rate is 7%. On the balance sheet as of the purchase date, after the initial $11,000 payment was made, the liability reported is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)

Answers

Answer: $‭52,431.5‬0

Explanation:

The liability reported will be the present value of the six payments of $11,000.

Since this is a constant amount, it will be an annuity:

= 11,000 * Present value interest factor of an annuity, 6 years, 7%

= 11,000 * 4.7665

= $‭52,431.5‬0

Any difference between this and any options given is down to rounding errors. Pick the closest figure.

Livingston Fabrication has created the following aggregate plan for the next five months: August September October November December Forecasted Demand (units of finished goods): 1,500,000 1,500,000 2,000,000 3,000,000 500,000 Production Plan: 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 Assume that Livingston will have nothing in inventory at the end of July. Livingston employs 1,000 production assembly workers and it takes one production assembly worker 5 minutes to assemble one unit of finished good. (The unit is complete at that point.) Each production assembly worker can provide 150 hours of assembly time a month without requiring overtime pay. What will be ending inventory for the month of September?

Answers

Answer:

Livingston Fabrication

The ending inventory for the month of September is:

= 600,000 units.

Explanation:

a) Data and Calculations:

                                August   September  October  November  December

Forecasted Demand (units of

finished goods):  1,500,000  1,500,000 2,000,000 3,000,000    500,000

Production Plan: 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000

Production capacity = 150 * 60 * 1,000 = 9,000,000 minutes

Minutes required by each assembly worker to assemble 1 unit = 5

Units that can be produced based on capacity = 1,800,000 units (9,000,000/5)

Schedule of Production, Sales, and Ending Inventory:

                                August   September  October  November  December

Beginning inventory 0              300,000    600,000    400,000  (600,000)

Units produced    1,800,000  1,800,000  1,800,000  1,800,000 1,800,000

Demand               1,500,000  1,500,000 2,000,000 3,000,000   500,000

Ending inventory   300,000    600,000    400,000   (600,000)   700,000

The following information is available for Yancey Company: Beginning inventory 600 units at $4 First purchase 900 units at $6 Second purchase 500 units at $7.20 Assume that Yancey uses a periodic inventory system and that there are 700 units left at the end of the month. Compute the cost of ending inventory and the cost of goods sold using the average-cost method.

Answers

Answer:

Ending inventory= $4,011

Explanation:

Giving the following information:

Beginning inventory 600 units at $4

First purchase 900 units at $6

Second purchase 500 units at $7.20

First, we need to calculate the weighted-average cost per unit:

Weighted-average cost per unit= (4 + 6 + 7.2) / 3

Weighted-average cost per unit= $5.73

Now, the ending inventory:

Ending inventory= 5.73*700

Ending inventory= $4,011

Which career would be most interesting to someone with a keen eye for photography and visual design?
A. front-of-the-house restaurant management
B. product sourcing
C. marketing and public relations
D. food styling

Answers

Answer:

the career that would be most interesting to some with a keen eye for photography and visual design is food styling.

The Gorman Group issued $930,000 of 11% bonds on June 30, 2021, for $1,009,794. The bonds were dated on June 30 and mature on June 30, 2041 (20 years). The market yield for bonds of similar risk and maturity is 10%. Interest is paid semiannually on December 31 and June 30. Required: 1. to 3. Prepare the journal entries to record their issuance by The Gorman Group on June 30, 2021, interest on December 31, 2021 and interest on June 30, 2022 (at the effective rate).

Answers

Answer:

The Gorman Group

Journal Entries:

June 30, 2021:

Debit Cash $1,009,794

Credit Bonds Liability $930,000

Credit Bonds Premium $79,794

To record the bonds issuance

December 31, 2021:

Debit Interest Expense $50,490

Debit Amortization of Bonds Premium $660

Credit Cash $51,150

To record the payment of semi-annual interest, including amortization of premium.

June 30, 2022:

Debit Interest Expense $50,457

Debit Amortization of Bonds Premium $693

Credit Cash $51,150

To record the payment of semi-annual interest, including amortization of premium.

Explanation:

a) Data and Calculations:

Face value of 11% bonds issue $930,000

Issue price = $1,009,794

Bonds premium = $79,794

Market yield = 10%

December 31, 2021:

Semi-annual interest payment = $51,150 ($930,000 * 5.5%)

Semi-annual Interest expense = $50,490 ($1,009,794 * 5%)

Amortization of bonds premium = $660

June 30, 2022:

Semi-annual interest payment = $51,150 ($930,000 * 5.5%)

Semi-annual Interest expense = $50,457 ($1,009,134 * 5%)

Amortization of bonds premium = $693

Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 770 $ 69 Accounts receivable (net) 1,950 1,880 Inventory 810 860 Other current assets 590 331 Total current assets $4,120 $3,140 Total current liabilities $2,030 $1,640 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year.

Answers

Answer: See explanation

Explanation:

1. Current Ratio = Current Assets / Current Liabilities

= $4,120 / $2030

= 2.03

2. Accounts receivable Turnover:

= Net Credit Sales / Average Accounts Receivables

= 8,258 / (1950+1880 / 2)

= 8258 / 1915

= 4.31

3. Average Collection Period

= 365 / Account Receivable Turnover

= 365 / 4.31

= 84.69 Days

4. Inventory Turnover:

= Cost of Goods Sold / Average Inventory

= 5328 / (810+860 / 2)

= 5328 / 835

= 6.38 times

5. Days in Inventory:

= 365 / Inventory Turnover Ratio

= 365 / 6.38

= 57.21 Days

1. Explain the concept of opportunity cost with an appropriate example.

Answers

Answer:

Concept & example of Opportunity Cost

Explanation:

Opportunity Cost is the cost of next best alternative foregone, while choosing an alternative. This arises because of 'choice' problem, due to unlimited wants & limited resources - having alternative uses.

Eg : If I can have 2 chapatis or a bowl of rice. And, I eat a bowl of rice. Then, 'opportunity cost' of a rice bowl is - the next best available '2 chapattis' foregone for the former.

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product costs for the quarter follow. July August September Budgeted sales $ 60,000 $ 76,000 $ 52,000 Budgeted cash payments for Direct materials 16,960 14,240 14,560 Direct labor 4,840 4,160 4,240 Factory overhead 21,000 17,600 18,000 Sales are 30% cash and 70% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash; $45,800 in accounts receivable; and a $5,800 balance in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($4,800 per month), and rent ($7,300 per month).
Part 1 (1) Prepare a cash receipts budget for July, August, and September.
Part 2 (2) Prepare a cash budget for each of the months of July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars.)

Answers

Answer:

(1) Total cash receipts:

July = $63,800      

August = $64,800

September = $68,800

2-a. Ending Cash Balance:

July = $15,00

August = $21,173

September = $35,873

2-b. Loan Balance End of Month:

July = $2,898

August = $0

September = $0

Explanation:

(1) Prepare a cash receipts budget for July, August, and September.

Note: See part (1) of the attached excel file for the cash receipts budget for July, August, and September.

From the attached excel file, we have:

Total cash receipts:

July = $63,800      

August = $64,800

September = $68,800

(2) Prepare a cash budget for each of the months of July, August, and September.

Note: See part (2) of the attached excel file for the cash budget for July, August, and September.

In the attached excel file, the following calculation is made:

July loan repayment = July preliminary cash balance - Minimum cash balance required = $17,902 - $15,000 = $2,902

From the attached excel file, we have:

2-a. Ending Cash Balance:

July = $15,00

August = $21,173

September = $35,873

2-b. Loan Balance End of Month:

July = $2,898

August = $0

September = $0

What is the the impact of corruption on business cycle​

Answers

Answer:

Corruption diverts talent and resources, including human resources, towards “lucrative” rent-seeking activities, such as defence, rather than productive activities. business, ultimately raising production costs and reducing the profitability of investments. human capital.

Other Questions
describe the mass and charge of particles you find in the nucleus and in the electron cloud. Ava kept track of the number of goals her team scored each game. What is the median of the number of goals scored? describe two social views that influence and affect relationships 5. (5 points) You have a jar full of jelly beans. You will randomly pick 2 jelly beans without replacement.The probability that you choose 2 green jelly beans is 14/95 and the probability of drawing one green jelly been is 2/5 . what is the probability of picking a second green, given the first was green? Excerpt from Rip Van WinkleNathaniel HawthorneRip Van Winkle lived in a small village at the base of the Catskill Mountains just before the American Revolution. He was always minding someone elses business. His wife thought that he should work at home and found many things for him to do, but he would always think of a neighbor whom he had to help. Then his wife would scold him and chase him with a broom.One day when his wife told Rip that he must cut wood for the family stove, he took his walking staff and went for a walk in the mountains. He soon got tired, so he lay down to rest.Suddenly, he heard the sound of thunder. A little man with a long white beard appeared. He was carrying a keg of wine on his back. He indicated by a sign that Rip should help him carry it, so Rip followed him far into the mountains. There he saw more little men. They were playing ninepins, and a sound like thunder was made by their wooden balls. Rip was frightened and thought he ought to run away, but the first man signaled for him to drink from the keg. It was filled with very good cocoa, and Rip soon got sleepy.When he awoke, the sun was shining. Rip thought that he must have slept all night. He thought that he had better go home. He searched for his staff, but found only an old rotten one.He started home, and when he got near the town some children began following him; others laughed at him, and still others hit him with stones. He didnt know the people, and they wore strange clothing. There were many new buildings, and where his house should have been there was nothing but an old shack.Rip touched his chin and discovered that it was covered by a long, white beard. Cant someone tell me what has happened? he asked. What has become of my home and my wife?Finally, a very old woman stepped out of the crowd. Why Rip Van Winkle, she said, accusingly. Id know you anywhere by your lazy walk. Whereve you been for the last twenty years? And wheres that wood you were going to cut?Which best expresses the irony present in this passage?A)It is ironic that Rip Van Winkle decides to lie down under a tree to take a short nap.B)It is ironic that Rip Van Winkle ran into a bunch of little men playing nine-pins in the mountains.C)It is ironic that the little children following Rip Van Winkle around made fun of him and laughed at him.D)It is ironic that Rip Van Winkle's wife is more concerned about the wood her husband didn't bring her than the decades of years he's been missing. Logistics Solutions provides order fulfillment services for dot merchants. The company maintains warehouses that stock items carried by its dot clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours.In the most recent month, 160000 items were shipped to customers using 6,500 direct labor-hours. The company incurred a total of $20,800 in variable overhead costs. According to the company's standards, 0.03 direct lab0Fhours are required to fulfill an order for one item and the variable overhead Required: a. What is the Standard labor-hours allowed (SHI to ship 160,000 terms to customers? b. What is the standard variable overhead cost allowed (SH SR) to ship 160,000 items to customers? c. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable Overhead efficiency variance? Need help brainliest to best answerWhich of the following industries depends on the cultivation of sugar and has been most closely linked with increased deforestation in the Amazon Rainforest?A. biofuelB. chocolateC. candyD. soda Karen has a new job as a teacher's aide. Her annual salary is $26,210. What is her bi-weekly salary? Round your answer to the nearest cent. What is the slope of the line that passes throughthe equation -6x - 4y = -5? Which of these things happened at the CLIMAX of our play?Frederick overcomes his fears and gives a powerful anti-slavery speech in frontof a large crowd.Frederick witnesses his Aunt Hester being beaten by a cruel master.O Frederick begins to learn how to read from Sophia Auld.O A young man named Stuart helps Frederick escape slavery using theUnderground Railroad. how many unique triangles can be drawn with side lengths of 3 units, 4 units, and 5 units What is one benefit and one drawback to having all bad and good memories inone mind? - The Giver Select all relations that represent a function.A.{(4, 3),(2, 4),(0, 1),(4, 1)}B.{(5, 7),(2, 7),(9, 7),(8, 0)}C.{(3, 11),(4, 5),(3, 1),(0, 0)}D.{(8, 0),(1, 4),(9, 4),(7, 8)}E.{(5, 4),(4, 3),(3, 2),(2, 1)}F.{(0, 0),(1, 3),(1, 1),(0, 5)} #The extremities of the diagonal of a square are (1,1 )and (-2, -1).Obtain the two other vertices and the equation of a next diagonal.#find the area of the triangle with vertices(1,2),(2,3),and(4,5).what inference can you draw about the points from your upshot? What are 3 factors that led to the French Revolution? Ashley is attending a hockey game that consists of 3 periods. If it is halfway through the third period right now, what fractional part of the game is left? A Navy vessel is traveling due north during wartime. A torpedo has been launched by an enemy directly toward the stern (rear) of the vessel. Can the vessel outrun the torpedo if both continue in a straight line due north? A) Yes, the Navy vessel is faster B) No, the Navy vessel is slower C) Maybe, since both travel at the same speed D) Maybe, based on the temperature of the water Y=4x +5 y=x -4 a (3, 17) b (-3, -7) c (-3, 7) d (3, 7) Who was Gatsby waiting for while he was in the bushes? O Daisy Nick The dog Tom What is the value of x, and what is the missing angle?NO LINKS, THEY WILL BE REMOVED