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Question - Assume the following information for the month of August. June sales = $40,000; July sales = $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. The beginning cash balance is $14,670, with cash payments of $24,653. If the minimum cash balance is $50,000, what is the amount needed by the bank, or how much is available to pay towards the bank loan? Show the amount needed as a positive number, and the amount to repay a loan as a negative number.
It sells at $40 a share, and firms in the same industry provide an expected rate of return of 13%. What must be the expected growth rate of company's dividends
Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the single plantwide factory overhead rate method.
20% are collected in the month of sale; 50% are collected in the first month after sale, what were the firm's budgeted collections for December?
What is the rate per hour for each packaging and shipping employee at FAB?? Determine the? formula, then calculate the rate per hour for each employee.
If the company spent $40,000 last year in the upkeep of the empty lot, should this cost be included in the analysis? Why or why not?
Compute What will the new break-even point be if fixed costs increase by 10 per cent? What was the company's net profit for the previous year?
Comment on the explanatory power of the number of employees in relation to payroll department cost. What is the variable cost per employee?
Marketing manager believes there will be 10% increase in sales if Company decreases price by 10%. Should price be decreased? Explain.
Daniels Corporation has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables.
In what ways do multinational corporations use the media to improve the public image of the company in a time of crisis?
Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation and balance sheet presentation - Prepare all necessary journal entries to record the issuance of the bonds and bond interest ..
Estimate the overhead cost of a doodad, which is produced using 3 machine hours in the moulding department and 5 labour hours in the assembly department.
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