Business, 02.11.2019 04:31, natashalane8617
Colter company prepares monthly cash budgets. relevant data from operating budgets for 2017 are as follows:
january
february
sales $360,000 $400,000
direct materials purchases 120,000 125,000
direct labor 90,000 100,000
manufacturing overhead 70,000 75,000
selling and administrative expenses 79,000 85,000
all sales are on account. collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. all other items above are paid in the month incurred except for selling and administrative expenses that include $1,000 of depreciation per month.
Answers: 1
Business, 21.06.2019 21:20, arielpraczko1
Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show
Answers: 2
Business, 21.06.2019 21:50, sihamabdalla591
Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.
Answers: 2
Business, 22.06.2019 07:10, firdausmohammed80
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
Business, 22.06.2019 11:00, cranfordjacori
The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
Answers: 2
Colter company prepares monthly cash budgets. relevant data from operating budgets for 2017 are as f...
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