Reference no: EM131086471
COURSE DESCRIPTION
PLEASE SHOW ALL WORK
Prepare a Cash Budget for SKI casts including the surplus or deficit each month.
Dan Barnes, financial manager of SKI casts, is requesting a line of credit from the company's bank. The company has produced the following sales estimates: $71,218 in November, $68,212 in December, $65,213 in January, $52,475 in February, $42,909 in March, $30,524 in April, $44,567 in May, $54,590 in June, $62,341 in July, and $70,132 in August. Collection estimates are as follows: 20% within the month of sale, 70% in the month following the sale, and 10% in the second month following the sale. The company allows a 2% discount on payments made during the month of sales. Plaster supplies expense is estimated as 85% of sales two months from now. Other relevant information is as follows:
- Payments for plaster supplies is made during the month following the one in which these costs have been incurred.
- Wages and salaries will amount to approximately $6,691 in January, $5,471 in February, $4,316 in March, $3,126 in April, $4,511 in May, and $5,629 in June.
- Lease payments under long-term lease contracts will be $2,500 a month.
- Depreciation charges will be $600 a month.
- Income tax payments of $8,000 will be due in March and June.
- A progress payment of $10,000 on a new building must be paid in April.
- Cash on hand on January 1 will amount to $3,000, and a minimum cash balance of $1,500 will be maintained throughout the cash budget period.
|
How you could use residency experience to further research
: If you are planning on attending an academic residency this quarter or next quarter, explain how you could use the residency experience to further your research.
|
|
Define human capital
: Define human capital. What are the similarities and differences between physical capital and human capital
|
|
Present value of the dividends
: Three years from now it expects to pay a dividend of $2.50 and then $3.00 in the following two years. What is the present value of the dividends to be received over the next five years if the discount rate is 15 percent?
|
|
Write an essay outlining the efficiency arguments
: Metropolitan areas are broken up into multiple jurisdictions, each with its own set of public services and its own need for revenues. Write an essay outlining the efficiency arguments in favor of limiting fragmentation?
|
|
Payments under long-term lease contracts
: Dan Barnes, financial manager of SKI casts, is requesting a line of credit from the company's bank. The company has produced the following sales estimates: $71,218 in November, $68,212 in December, $65,213 in January, $52,475 in February, $42,909 ..
|
|
Number of strategic adjustment by the new ceo
: BlackBerry was the king of smart phone just 5 years ago. However, the industry innovation has taken a much quicker pace to evolve and BlackBerry suddenly finds itself at the brink of bankruptcy. The company lost a whopping $1 billion in the 4th q..
|
|
How you organize or plan to organize your peer review
: Write a brief analysis of your experience, to date, with your literature review. Describe how you organize or plan to organize your peer review literature.
|
|
Research the current mortgage interest rates
: Research the current mortgage interest rates for a 10 year, 15 year, 20 year, and 30 year loan. In Excel, graph the interest rates using years as the X-axis and interest rates as the Y-axis.
|
|
Question regarding the required rate of return
: Mucro Ltd is expecting to pay out a dividend of $2.50 next year. After that it expects its dividend to grow at 7 percent for the next four years. What is the present value of dividends over the next five-year period if the required rate of return ..
|