Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30.

a. Beginning cash balance, September 1, $40,000.
b. Budgeted cash receipts from sales in September, $225,000.
c. Raw materials are purchased on account.
Purchase amounts are:
August (actual), $80,000 and September (budgeted), $110,000.
Payments for direct materials are made as follows:
65% in the month of purchase and 35% in the month following purchase.
d. Budgeted cash disbursements for direct labor in September, $40,000.
e. Budgeted depreciation expense for September, $4000
f. Other cash expenses budgeted for September, $60,000
g. Accrued income taxes payable in September, $10,000
h. Bank loan interest payable in September, $1,000

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

In microeconomics, the point at which supply and demand meet is called the blank price