What the company estimated current payables balance

Assignment Help Managerial Accounting
Reference no: EM132967532

Problem 1: Wateredge Corporation has budgeted a total of $361,800 in costs and expenses for the upcoming quarter. Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of prepayments. Wateredge's current payables balance is $265,000 at the beginning of the quarter. Budgeted payments on current payables for the quarter amount to $370,000. The company's estimated current payables balance at the end of the quarter is:

Multiple Choice

Option 1: $310,000.
Option 2: $203,500.
Option 3: $204,500.
Option 4: $179,500.

Reference no: EM132967532

Questions Cloud

Address real estate agency policies : Scenario: It is two months since you have listed Monica's property and still the unit has not been sold. The tenant has vacated the property and you have had so
Cross cultural communication : If two British managers were sent abroad to manage the overseas insurance companies (one in Singapore and one in Brazil) discuss how any three cross-cultural ba
Different features in a powerpoint presentation : Why should you avoid including too many different features in a PowerPoint presentation? What do organisations do to make sure presentations meet their requirem
What is newsat euro cost of capital for newsat telco : Newsat Telco, Describe the important factors that should be taken into consideration when forecasting cash flows from a foreign investment.
What the company estimated current payables balance : Budgeted payments on current payables for the quarter amount to $370,000. The company's estimated current payables balance at the end of the quarter is
Developing a code of ethics : Developing a code of ethics is a way for a company to share its core values and practice ethical business. For example, the National Association for Healthcare
Identify several personal expectations from christian leader : Identify several personal expectations from Christian leaders regarding coaching others and how is this distinct from mentoring?
What is the amount of depreciation deduction the company : What is the amount of depreciation deduction the company could expense annually assuming the straight - line depreciation method is used?
How does a ceo use the business analytics approach : How does a CEO use the business analytics approach in their business? What tips would you give them?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd