Business, 30.03.2020 21:52, memester74
Cullumber Company expects to have a cash balance of $87,400 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. Collections from customers: January $134,900, February $277,400. 2. Payments to suppliers: January $76,000, February $142,500. 3. Wages: January $57,000, February $76,000. Wages are paid in the month they are incurred. 4. Administrative expenses: January $39,900, February $45,600. These costs include depreciation of $1,900 per month. All other costs are paid as incurred. 5. Selling expenses: January $28,500, February $38,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $22,800 in cash. Cullumber Company has a line of credit at a local bank that enables it to borrow up to $47,500. The company wants to maintain a minimum monthly cash balance of $38,000. Prepare a cash budget for January and February.
Answers: 2
Business, 21.06.2019 23:30, jmsmith1218
Acompany is developing a new highperformance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below. a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample. assume=0.05. what are the null and alternative hypotheses? choose the correct answer below. b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.
Answers: 2
Cullumber Company expects to have a cash balance of $87,400 on January 1, 2022. These are the releva...
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