17. patrick industries makes and sells a product called product k. each unit of product k sells for $24 dollars and has a unit variable cost of $18. the company has budgeted the following data for november: • sales of $1,152,200, all in cash. • a cash balance on november 1 of $48,000. • cash disbursements (other than interest) during november of $1,160,000. • a minimum cash balance on november 30 of $60,000. if necessary, the company will borrow cash from a bank. the borrowing will be in multiples of $1,000 and will bear interest at 2% per month. all borrowing will take place at the beginning of the month. the november interest will be paid in cash during november. the amount of cash needed to be borrowed on november 1 to cover all cash disbursements and to obtain the desired november 30 cash balance is:
Answers: 2
Business, 22.06.2019 15:50, jackievelasquez7881
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
Business, 22.06.2019 21:00, graysonisok
Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
Answers: 1
Business, 23.06.2019 00:40, kate5582
Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
17. patrick industries makes and sells a product called product k. each unit of product k sells for...
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