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Question 1: Prepare the borrowing amount for Jan.
The Cash balance on December 31, 2016, totaled $100,500, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2017. Dividends are paid each month at the rate of $2.50 per share for 5,000 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement require borrowing to be in $1,000 increments at 8% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February.
What was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
At the beginning of the month, Determine the equivalent units for materials and conversion respectively for the Painting Department
Show two ways to calculate the break-even point for this multi-product scenario, and identify the assumption each method is most susceptible to.
What would be a suitable price per meal for the auditorium to continue to have the Season's Restaurants supply meals? Explain your answer?
Calculate the 3 years of depreciation, using SL, DDB, and SYD. A new medical practice purchases computer equipment that cost $15,000
What is the machines net present value? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answer to 0 decimal places
As you run the simulation keep track of your decisions and keep track of the results - both financial and marketing. You can copy and paste the results into Excel or into a Word document.
Compute the manufacturing overhead rate for the year. What is the amount of under- or overapplied overhead at December 31
If the margin of safety for Spearfish Company was 30%, fixed costs were $1,750,000 and variable costs were 80% of sales, what was the amount of actual sales (dollars)?
Why do firms use their cash to buy back company shares vs. pay down dept? As an investor how do you feel about this practice? Who wins?
how would you select an organizational form for a business? think about this question as you read the following
Actuals revenue was $302,500 and actual number of fences sold were 275. After adjusting for volume, what was Mad Dog's flexible budget for revenue?
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