Bookworm publishers publishes books and they have gathered the following data for the month of october: data cash on 8/1 $ 7 comma 000 expected cash collections $ 350 comma 000 direct materials cash disbursements $ 69 comma 000 direct labor cash disbursements $ 46 comma 000 moh cash disbursements $ 39 comma 000 operating expenses cash disbursements $ 89 comma 000 capital expenditures cash disbursements $ 128 comma 000 bookworm publishers requires an ending cash balance of at least $5,000 and can borrow from a line of credit in $1,000 increments. what is the excess or deficiency of cash for october?

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.