subject
Business, 30.10.2019 00:31 kingbolt1

Sunland company expects to have a cash balance of $59,800 on january 1, 2022. these are the relevant monthly budget data for the first two months of 2022. 1. collections from customers: january $92,300, february $189,800. 2. payments to suppliers: january $52,000, february $97,500. 3. wages: january $39,000, february $52,000. wages are paid in the month they are incurred. 4. administrative expenses: january $27,300, february $31,200. these costs include depreciation of $1,300 per month. all other costs are paid as incurred. 5. selling expenses: january $19,500, february $26,000. these costs are exclusive of depreciation. they are paid as incurred. 6. sales of short-term investments in january are expected to realize $15,600 in cash. sunland company has a line of credit at a local bank that enables it to borrow up to $32,500. the company wants to maintain a minimum monthly cash balance of $26,000. prepare a cash budget for january and february. (list items that increase cash balance first.) g

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:30
Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task
Answers: 1
question
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
question
Business, 22.06.2019 14:50
Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of
Answers: 3
question
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
You know the right answer?
Sunland company expects to have a cash balance of $59,800 on january 1, 2022. these are the relevant...
Questions
question
Mathematics, 02.08.2019 02:30
Questions on the website: 13722363