Calistoga Produce estimates bad debt expense at 0.20% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $475,000 and $1,470, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $333,000 and $304,000, respectively, and $1,870 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2021, are:

Answers

Answer 1

Answer:

the ending account receivable balance is $502,130

Explanation:

The computation of the ending account receivable balance is given below:

= Account receivable at Dec’31 2020 + Credit sales on 2021 - collections on 2021 - write off the account receivable

= $475,000 + $333,000 - $304,000 - $1,870

= $502,130

Hence, the ending account receivable balance is $502,130

The same would be considered and relevant too


Related Questions

Sam and Sarah are thinking about getting married. However if either of them cheats on the other, they would get a payoff of 10, while the other person gets zero. If neither cheat, they stay with each other and get a payoff of 7 each and if both cheat, the relationship falls apart and each get a payoff of 1. ​What is the Nash equilibrium of this game?

Answers

Answer:

​Self-interest can sometimes lead to sub-optimal outcomes.

Explanation:

In the field of economics, Nash equilibrium can be defined as the system which is stable and it involves the interaction of various participants where no participant can gain by the unilateral change in its strategy if the strategies of the others does not change. In order words, the player can obtain the desired outcome by not deviating or changing from their initial strategy.

In the context, as the outcome of cheating is more than staying together, both Sam and Sarah will tend to cheat and then end up achieving less payoff then what they will get if they stay together.

Therefore, sometimes, self interest can lead to the sub optimal outcomes.

WFO Corporation has gross receipts according to the following schedule: Year 1 $22.50 million Year 2 $24.50 million Year 3 $26.50 million Year 4 $25.00 million Year 5 $25.50 million Year 6 $27.50 million If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method

Answers

Answer: Year 6

Explanation:

The Company is required to use the Accrual method when the average gross receipts become greater than $25 million.

Year 1 Average = $22.50 million

Year 2 Average = (22.5 + 24.5) / 2 = $23.5 million

Year 3 Average = (22.5 + 24.5 + 26.5) / 3 = $24.5 million

Year 4 Average = (22.5 + 24.5 + 26.5 + 25) / 4 = $24.625 million

Year 5 Average = (22.5 + 24.5 + 26.5 + 25 + 25.50) / 5 =  $24.80 million

Year 6 Average = (22.5 + 24.5 + 26.5 + 25 + 25.50 + 27.50) / 6 = $25.5 million

Average gross income crosses the $25 million limit in Year 6 so the company will have to start using the Accrual method from Year 6.

Direct materials purchases are estimated to be $300,000, $360,000 and $450,000 for June, July, and August, respectively. Cash payments are paid such that 60% are paid in the month incurred and 40% are paid in the following month. What are the budgeted cash payments for July and August, respectively

Answers

Answer:

$336,000 and $414,000

Explanation:

The computation of the budgeted cash payments for July and August is shown below:

For July month

= 60% of $360,000 (July) = $216,000

And,

= 40% of $300,000(June)

= $120,000

Total  = $336,000

For August

= 60% of $450,000(Aug)

= $270,000

And,

= 40% of $360,000(July)

= $144,000

Total = $414,000

Sara works at a printing company. She and her colleagues have to stagger
their tasks carefully because each of their projects require not only the
printers, but other equipment as well. Sara is currently working to fulfill an
order for 5,000 flyers, which are due tomorrow. Her customer just called to
say that they need additional 5,000 flyers.
What will be least important to Sara as she determines whether her company
can accommodate the request?
A. Whether her company has enough paper on hand
B. Whether her company can print the additional flyers without
negatively affecting the other projects
C. Whether there is enough time to print the additional flyers by
tomorrow
D. Why the customer needs 5,000 extra flyers

Answers

Answer: D. Why the customer needs 5,000 extra flyers

Explanation:

The important factors that Sara will consider to know whether her company can accommodate the request are:

• Whether her company has enough paper on hand

• Whether her company can print the additional flyers without negatively affecting the other projects

• Whether there is enough time to print the additional flyers by tomorrow.

These factors above are important as they'll determine if she can accept the request or not. For example, in a situation where there's no enough paper, then the request should not be accepted.

The least important factor for Sara to consider will be "Why the customer needs 5,000 extra flyers". This is not of concern to Sara and shouldn't bother her.

Answer:

D. why the customer needs 5,000 extra flyers

According to the video, what qualities do Loading Machine Operators need? Check all that apply.
college degree
high-school degree
on-the-job training
customer-service
skills leadership experience​

Answers

Answer:

B and C

Explanation:

Edge 2021

Answer:

Explanation:

it is high-school degree and on-the-job training

Sales $ 79,000 $ 65,000 $ 61,000 $ 57,000 $ 50,000 Cost of goods sold 75,900 50,100 49,800 40,200 30,000 Dollar amounts stated are in thousands. a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2017 as the base year. b. State whether the trends are favorable or unfavorable.

Answers

Answer:

This is a two part question and the answer is given in two separate headings.

Explanation:

Trend Percentages

Year                             2021      2020     2019     2018

Sales*                            58%       30%       22%       14%

Cost of Goods Sold**   153%      67%        66%      34%

*Sales is calculated by dividing the difference (between current Sales and Base Sales Year) by the Base Sale Year 2017 * 100. Example for 2018 the percentage is 14% [(57,000 - 50,000) / 50,000 * 100]. The same way other years have been calculated.

**Cost of Goods Sold has been calculated by dividing the difference (between current Cost of Goods Sold and Base Year Cost of Goods Sold) by the Base Year Cost of Goods Sold 2017 * 100. Example for 2018 the percentage is 14% [(40,200 - 30,000) / 30,000 * 100]. The same way other years have been calculated.

Trends Favourable or Unfavourable

It is noted that the trend is unfavourable for the five-year period. This is because the sales have been increasing but in comparison to the Cost of Goods Sold the rise is fairly slow. As shown in the above table where sales have increased by only 58% since its inception. However, the Cost of Goods Sold has increased rapidly and by the last trending year the rise in comparison to the base year 2017 was by 153%.

Tidewater, Inc., requires its job applicants to take a test that measures their vocabulary and numerical skills. For specific jobs, the company also requires its applicants to perform a sample of the job. Before implementing the tests, the management analyzes how well the test actually correlates and predicts job performance. When Tidewater needed to downsize, the company helped employees who were laid off to get placed in other organizations, and immediate supervisors talked to the employees about the reasons for their dismissal. When the job applicants for specific jobs are asked to execute a sample of the job, the company is utilizing a(n) ________ test.

Answers

Answer: performance

Explanation:

When the job applicants for specific jobs are told to perform a sample of the job, this implies that the company is using a performance test.

Performance test simply refers to a test that requires the individuals partaking in it to perform an activity using their skills, ability and knowledge.

Unibic India: From Fastest Growing Niche Cookie Brand to a Challenger?

In 2007, Lighthouse Funds acquired a 25% stake in Unibic from Unibic Australia for Rs. 200 million. In 2010,

Unibic Australia started making losses and wanted to withdraw from the Indian market. At that time, Unibic

operated solely in the premium, high-margin cookies segment in India, with a share of around 8%. It had a

market presence primarily in south India and was exporting to the Middle East and Hong Kong. It had strategic

alliances to make cookies for various private players. However, it was not yet making profits and was cash-

strapped...

Over the next few years, Unibic grew rapidly. Its growth was primarily fueled by the changes sweeping through

the Indian biscuit industry, wherein glucose biscuits that had dominated the market, gradually lost out to cream

biscuits and cookies. The reasons for the shift included rising disposable incomes leading to an increase in

consumption of premium biscuits; a larger number of manufacturing facilities of premium biscuits; growing

health awareness; innovation bringing in attractive new products; rising affordability of cookies; and increase

in eye-catching packaging...

Over the years, Unibic regularly introduced fresh and unique flavors, ultimately producing over 30 variants of

cookies. Its products could be broadly categorized into chocolate, butter, milk, savory, and health. The company

considered its target market to be between the ages of 14 and 40. It continued its efforts at innovation and

produced new products which would appeal to its target market...

In 2015, Unibic had used celebrity endorsement by signing on south Indian actor Shruti Hassan, for over a year.

It stated that it wanted someone who was relevant and would give the brand a boost to get to the numbers it

wanted in the South...

Unibic didn’t advertise much in print media; TV remained the company’s core focus and got the largest chunk

of its advertising spend, followed by digital and OOH. Instead of following the traditional strategy of having a

similar marketing campaign across markets, Unibic employed a unique strategy in each market, thereby playing

to its strengths in each market while keeping in mind the market conditions and consumption patterns...

From 2019 onward, Unibic started feeling the heat of the economic slowdown in India. The Indian economic

slowdown of 2019 led to a serious and continuing decline in the country’s real estate, automobile and

construction sectors and in overall consumption demand. The second quarter (July- September) of the financial

year (April 2019-March 2020) witnessed a drastic fall in the gross domestic product (GDP) growth rate to 4.5%.

The main reasons attributed to the fall in the GDP growth rate were – contraction in manufacturing activity,

weakened investments, and lower consumption demand.

As of 2020, Unibic had the largest wire cut cookie manufacturing plant in India. The plant had the capability to

manufacture 100 tonnes of cookies each day, with five production lines. While it used 98% of its production

capability to produce its own brand, the rest was used to manufacture for private label brands – six in India and

10 across the world. It had annual revenu7 es of Rs. 5 billion. It also exported its products to more than 21

countries including across Australia, North America, the UK, and Europe, Asia, the Middle East, and New

Zealand. It derived 45% of its earnings from the south of India.

Questions:

a) Explain three factors that had a negative impact on the financial performance of Unibic in its early years.

(6 marks)

b) Which environmental force did Unibic use in segmenting its market? What is this force about? (6 marks)

c) What does the following statement suggest to you about Unibic: “It continued its efforts at innovation

and produced new products which would appeal to its target market”?​

d) Which marketing strategy did Unibic use in 2015 and explain any two (2) reasons why firms adopt that
strategy? (9 marks)

e) What main media did Unibic use to implement its marketing strategy? State one advantage of this media.
(6 marks)

Answers

Answer:

Explanation:I want an answer

Burger Prince buys top-grade ground beef for $1.05 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 75 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 70 cents each. Labor, overhead, meat, buns, and condiments cost 40 cents per burger. Demand is normally distributed with a mean of 385 pounds per day and a standard deviation of 30 pounds per day. What daily order quantity is optimal

Answers

40 pounds a hour and daily

Rhein Manufacturing recorded operating data for its auto accessories division for the year. Sales $750,000 Contribution margin 150,000 Total direct fixed costs 90,000 Average total operating assets 400,000 How much is ROI for the year if management is able to identify a way to improve the contribution margin by $30,000, assuming fixed costs are held constant

Answers

Answer:

Return On Investment = 22.5%

Explanation:

Given:

Sales = $750,000

Contribution margin = $150,000

Total direct fixed costs = $90,000

Average total operating assets = $400,000

Find:

Return On Investment if contribution margin increase by $30,000

Computation:

Net operating income = Contribution margin - Total direct fixed costs

Net operating income = [$150,000 + $30,000] - $90,000

Net operating income = $90,000

Return On Investment = [Net operating income / Net operating assets]100

Return On Investment = [90,000 / 400,000]100

Return On Investment = [0.225]100

Return On Investment = 22.5%

Henderson Electronics Corporation manufactures and sells FM radios. Information on the prior year's operations (sales and production Model A1) is presented below: Sales price per unit $30 Costs per unit: Direct material 7 Direct labor 4 Overhead (50% variable) 6 Selling costs (40% variable) 10 Production in units 10,000 Sales in units 9,500 Refer to Henderson Electronics Corporation. Assume that the remaining Model A1 radios can be sold through normal channels or to a foreign buyer for $6 per unit. If sold through regular channels, the minimum acceptable price will be

Answers

Answer:

the minimum acceptable price is $4

Explanation:

The computation of the minimum acceptable price is shown below:

Here the minimum acceptable price would be considered as a variable selling cost i.e. calculated below:

= Selling cost × variable percentage

= $10 × 40%

= $4

hence, the minimum acceptable price is $4

The same would be considered and relevant too

Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information. Round your answers to two decimal places. What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)? keep on hand: $ What is the amount that Robina Bank must have in excess reserves from this initial deposit? excess reserves: $ What is the total change in the M1 money supply from this one deposit? total change: $

Answers


A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45‬
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55‬
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:

53,589 / 0.05 = 1,071,780

when completing the FAFSA, the student is given an EFC number. what does the EFC mean?

Answers

Expected Family Contribution- it’s the index measure of the families financial strength to determine how much financial aide the school will need to provide.

Answer:expected family contribution

Explanation:

The ending balance of accounts receivable was $84,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $369,000. Sales reported on the income statement were $400,500. Based on this information, the beginning balance in accounts receivable was:

Answers

Answer: $52500

Explanation:

Based on the information given in the question, the beginning balance in accounts receivable will be calculated thus:

= Ending balance of account receivable + Sales adjusted to cahs basis - Sales reported on income statement

= $84000 + $369000 - $400500

= $52500

Therefore, the beginning balance in account receivable is $52500.

Suppose your company is considering exporting to a new market and needs to determine whether it should sell a basic or luxury version of its product there. Data on all of the following EXCEPT _____ would best help answer that question. Group of answer choices per capita GDP general consumption patterns GDP demographic trends

Answers

Answer:

whats qustion

Explanation:

Piedmont Company purchased merchandise on account from a supplier for $40000, terms 1/10, n/30. Piedmont Company returned $6000 of the merchandise and received full credit.If Piedmont Company pays the invoice within the discount period, what is the amount of cash required for the payment

Answers

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Select the examples that best demonstrate likely tasks for Health, Safety, and Environmental Management workers. Check all that apply.

Donovan inspects facilities, and enforces laws and regulations.
April drives a train safely and carefully.
Chuck collects samples of materials for analysis.
Leif repairs broken equipment in a factory.
Elise takes orders, and sells products to customers.
Shayla teaches others how to use equipment safely

Answers

Answer:

It is Donovan, Chuck, and Shayla. Or 1, 3, and 6. Or A, C, and F.

Explanation:

I just did the instruction on edge. Good luck finishing this year up :)

Answer:

136 is correct!

Explanation:

credits to the other person

A company's unadjusted trial balance shows a debit balance in the allowance for doubtful accounts. This means that a. The company has written off more accounts receivable during the period than were accounted for in the opening balance of the allowance. b. The company must recognize bad debt expense at least as great as the unadjusted debit balance of the allowance. c. The company has written off too many accounts receivable and should reassess its write-off policy. d. Both a and b above are correct.

Answers

Answer:

d. Both a and b above are correct.

Explanation:

In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance  

Hence, the last option is correct

provide two reasons why public participation is important for people experiencing lack of basic services​

Answers

Answer:

the main aim of public participation is to encourage the public to have meaningful and put into decision making process public participation does provide the opportunity for communication between agencies making decisions and the Public's public participation can be time-consuming and sometimes expensive don't know if this helps but good luck

who is he and what’s his product

Answers

Answer:

Steve Jobs and he was the CEO of apple

Explanation:

so his products would be iphones, ipads, mac books, etc

Abbott, Inc., plans to issue $500,000 of ten percent bonds that will pay interest semiannually and mature in five years. Assume that the effective interest rate is 12 percent per year compounded semiannually. Calculate the selling price of the bonds. Round answers to the nearest whole number.

Answers

Answer:

$463,202.25

Explanation:

The calculation of the selling price of the bond is given below:

The selling price of the bonds is

= Present value of interest + Present value of maturity

where,

In semi-annually basis , the rate of interest would be divided by 2 and the time period would be double

So, The Present value of interest equals to

= $500,000 × 5% × 7.36009

= $184,002.25

The 7.36009 represent PVIFA factor. Refer to the PVIFA table for the same  

And, the Present value of maturity is  

= $500,000 × 0.5584

= $279,200

So, the selling price of the bond is  

=  $184,002.25 +  $279,200

= $463,202.25

Kumar Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $214,000,000 at both cost and realizable value. At December 31, 2020, the inventory was $286,000,000 at cost and $265,000,000 at realizable value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method. g

Answers

Answer:

A. Dr Cost of Goods Sold $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

B. Dr Loss Due to Market Decline of Inventory $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

Explanation:

A.Preparation of the necessary December 31 entry under the cost-of-goods-sold method

COST-OF-GOODS-SOLD METHOD

Dr Cost of Goods Sold $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

($286,000,000 - $265,000,000)

B.Preparation of the necessary December 31 entry under the Loss method

LOSS METHOD

Dr Loss Due to Market Decline of Inventory $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

($286,000,000 - $265,000,000)

On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (5,600 units) $145,600 Cost of goods sold: Cost of goods manufactured (6,400 units) $115,200 Inventory, April 30 (900 units) (16,200) Total cost of goods sold (99,000) Gross profit $46,600 Selling and administrative expenses (24,740) Operating income $21,860 If the fixed manufacturing costs were $23,040 and the fixed selling and administrative expenses were $12,120, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

Answers

Answer:

See below

Explanation:

Preparation of variable costing income statement

Sales $145,600

Variable cost of goods sold

$92,160

Less:

Inventory, April 30

($12,960)

Total variable cost of goods sold

$79,200

Manufacturing margin

$66,400

Variable selling and administrative expenses ($12,620)

Contribution margin $66,580

Less:

Fixed costs $23,040

Fixed selling and administrative expenses $12,120

Total fixed costs ($35,160)

Income from operations $31,420

Workings

•Variable cost of goods manufactured

= Total manufacturing cost - Fixed manufacturing cost

= $115,200 - $23,040

= $92,160

• Inventory at April 30

Calculate first, manufacturing cost per unit

= Variable cost of goods manufactured / Units manufactured

= $92,160/6,400 units

= $14.4

Therefore, Inventory at April 30

= $14.4 × 900 units

= $12,960

• Variable selling and administrative cost = Total selling and administrative cost - Fixed selling and administrative costs

= $24,740 - $12,120

= $12,620

Which sentence describes a benefit that short term disability insurance offers a policyholder

Answers

Answer:

It provides 40% to 60% of the policyholder's income for up to one year. Explanation: Short term disability insurance covers the income of a person that has to leave work as a result of illness or injury. It provides financial assistance while the individual recuperates at home

Explanation:

Hope it helps! Correct me if I am wrong!

I'm sure about my answer!

If you dont mind can you please mark me as brainlest?

Its ok if you don't want to!

But hopefully it helps you!

Fred leases a taco store in the shopping center. In order to prepare his tacos, Fred installs a large, old stove to cook the meat. The lease runs out and Fred does not want to renew the lease. He leaves town and leaves the stove in the landlord's property. The lease contract did not mention the stove and the landlord is very unhappy. What is the legal situation now?

Answers

Answer:

The stove is a trade fixture, but Fred did not take it with him upon the expiration of the lease. Now it is the property of the landlord.

Explanation:

Since in the given situation it is mentioned that that lease would run out and he does not want to renew the lease also he leaves the stove in the property of the landlord. Due to this the landlord is very sad

So here the legal situation is that the stove would be classify as a trade fixture also he did not take it with him so now it would be the property of the landlord

The same would be considered  

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information: Activity Cost Driver Amount M XY Production setups Number of setups $ 73,000 12 18 Material handling Number of parts 49,000 68 23 Packaging costs Number of units 246,000 96,000 60,000 $ 368,000 What is the total overhead per unit allocated to Product XY using activity-based costing (ABC)

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the allocation rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Production setups= (73,000 / 30)= $2,433.33 per setup

Material handling= (49,000 / 91)= $538.46 per number of part  

Packaging costs= (246,000 / 156,000)= $1.58 per unit

Now, we need to allocate costs to Product XY:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Production setups= 2,433.33*18= 43,799.94

Material handling= 538.46*23= 12,384.58

Packaging costs= 1.58*60,000= $94,800

Total allocated costs= $150,984.52

Finally, per unit basis:

Unitary cost= 150,984.52 /60,000= $0.27

"Using the given information, determine the cost of one no rechargeable alkaline battery; and compare with the cost of one rechargeable NiCad battery. *Assumption: The cost of the electricity to recharge the NiCad is negligible (about $0.01). NiCad batteries can be recharged (reused) 100 times. A 4 pack of AA NiCad rechargeable batteries cost $10.80. A 4 pack of AA alkaline non rechargeable batteries cost $3.69. Over the life of the battery, which battery is most cost effective? Group of answer choices The NiCad AA rechargeable battery The AA alkaline non rechargeable battery Both batteries cost are the same Batteries are independent of chemical composition and therefore does not impact consumer cost structures"

Answers

Answer:

Over the life of the battery, the battery that is most cost-effective is:

The AA alkaline non rechargeable battery.

Explanation:

a) Data and Calculations:

Number of times that NiCad batteries can be recharged (reused) = 100 times

Cost of a 4 pack of AA NiCad rechargeable batteries = $10.80

Recharging cost = $1 ($0.01 * 100)

Total cost of AA NiCad rechargeable batteries = $11.80

Cost per use = $0.12 ($11.80/100)

Cost of a 4 pack of AA alkaline non rechargeable batteries = $3.69

Cost per use of AA alkaline non rechargeable batteries = $0.04 ($3.69/100)

b) The comparison and the resulting conclusions are based on the assumption that the non rechargeable and the rechargeable batteries enjoy equal useful life.  Therefore, the AA alkaline non rechargeable batteries are also used 100 times.

Batteries are a group of cells that are used in devices so it works as an electric power supply. Batteries can be rechargeable or non-rechargeable.

The correct answer is:

Option B. The AA alkaline non-rechargeable battery.

This can be explained as:

NiCad batteries can be reused = 100 times

Price of four-pack of AA NiCad batteries = $10.80

Recharging value = [tex]\$1 (\$0.01 \times 100)[/tex]

The complete price of AA NiCad batteries = $11.80

Cost per use for rechargeable batteries =  [tex]\$0.12 \; (\dfrac{\$11.80}{100}) = 0.0141[/tex]

Price of four packs of AA alkaline non-rechargeable = $3.69

Value per use of non-rechargeable batteries = [tex]\$0.04 \; (\dfrac{\$3.69}{100}) = 0.0014[/tex]

Therefore, based on the comparison and consequences the AA alkaline non-rechargeable batteries are also utilised many times.

To learn more about non-rechargeable and rechargeable batteries follow the link:

https://brainly.com/question/817968

19. Big Company is preparing a cash budget for the month of April. The following information is available: Cash Balance, March 31, 2020 $11,000 Cash collections from customers in April 43,000 Cash paid for land in April 10,000 Patent amortization expense in April 5,000 Cash paid for merchandise in April 20,000 Cash paid for operating expenses in April 20,000 Cash dividend paid in April 5,000 The minimum cash balance desired is $10,000. What is the deficiency of cash before financing at April 30, 2020

Answers

Answer:

Cash Deficiency = - $11000

Explanation:

To calculate the deficiency of cash at the end of April, we must first calculate the Cash receipts for the month of April and add them to the available cash balance at start of the month and then deduct the cash payments for the month. In this way we can calculate the ending balance for April. Later we can calculate the cash deficiency at the end of April by comparing the actual cash balance at the end of April with the desired cash balance,

Ending Balance = Opening Cash Balance  +  Cash Receipts  -  Cash Payments

Ending Balance - April= 11000  +  43000  -  [10000 + 20000 + 20000 + 5000]

Ending Balance = - $1000

The Cash Deficiency before finance is,

Cash Deficiency = Actual Balance - Desired Balance

Cash Deficiency = -1000 - 10000

Cash Deficiency = - $11000

It is important to remember that when calculating the ending cash balance, we will not consider Patent amortization expense as it is a non cash expense.

Which environmental force did Unibic use in segmenting its market? What is this force about?

Answers

going home from my phone number I was so I could go back and I don't know how much we are not to mention to get to see you have been trying my

Assignment directions
The United States Census Bureau has many different types of data that is useful to businesses and organizations that need secondary data to make business or organizational decisions. Explore the web site. It has information about a variety of topics, not just population data. Find information that you could use in making a business or organizational decision. Which information did you choose? What kind of business or nonprofit organization would you use it for? How would you and the team you were working with use the data? What opportunities to explore or problems to solve would you use the data for? Be specific about the data itself and about which business or organizational decisions you would use it to make.

Assignment guidelines
Create a detailed PowerPoint slideshow addressing the following:

1 What information from the United States Census Bureau did you choose?
2 What kind of kind of business or nonprofit organization would utilize the information?
3How might you and your team use the data?
4 How would the data enhance opportunities to explore or problems to solve?
5 Follow proper formatting for a PowerPoint presentation.
6 Use multiple sources when appropriate. Include a reference page.
HELP PLEASE!!!!!

Answers

Answer:

don't know the answer sorry

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