Reference no: EM131727846
Question - Hudson Company expects to have a cash balance of $43,000 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017.
1. Collections from customers: January $95,000, February $142,000
2. Payments to suppliers: January $40,000, February $50,000
3. Wages: January $34,000, February $40,000. Wages are paid in the month they are incurred.
4. Administrative expenses: January $24,000, February $31,000. These costs include depreciation of $1,000 per month. All other costs are paid as incurred.
5. Selling expenses: January $15,000, February $20,000. These costs are exclusive of depreciation. They are paid as incurred.
6. Sales of short-term investments in January are expected to realize $12,000 in cash.
Hudson has a line of credit at a local bank that enables it to borrow up to $40,000. The company wants to maintain a minimum monthly cash balance of $25,000.
Instructions - Make a cash budget for January and February.
What factors about the noise monitoring may have affected
: Discuss what factors about the noise monitoring may have affected the accuracy of the noise measurements.
|
What document provides evidence that a liability exists
: Assume the terms of trade between buyer and a seller are FOB destination. What document provides evidence that a liability exists
|
State the transaction-related audit objective
: For each of the internal controls, state the transaction-related audit objective(s) the control is meant to fulfill
|
Describe the laws enforced at the time
: Describe the laws enforced at the time. List the ecological risks of affected area at the time of spill. How can economic value be allocated in this scenario?
|
Make a cash budget for january and february
: Hudson Company expects to have a cash balance of $43,000 on January 1, 2017. Make a cash budget for January and February
|
Compare and contrast sdlc and 2 other development models
: Compare and contrast SDLC and 2 other development models (give a brief description of the approach, cover the phases, & highlight the strengths and weaknesses).
|
Compute the companys break-even point in units
: Cosmo, Inc. produces memory enhancement kits for DVR machines. Compute the company's break-even point in both units and dollars
|
What is the net income for this firm
: State Farm Insurance, has sales of $817,000, costs of $343,000, depreciation expense of $51,000, What is the net income for this firm
|
Analyze the use of personal protective equipment
: Analyze the use of personal protective equipment (PPE) for controlling occupational hazards in relation to the operation you chose.
|