Burger World is a restaurant with 3 different restaurant loc…

Burger World is a restaurant with 3 different restaurant locations: Atlanta, Boston, and Seattle.  The company allocates common fixed costs equally to each location.  The company’s total operating income during the year 2024 was $218,000.  Information about the restaurant locations from the year 2024 follows: Atlanta Boston Seattle Total Sales $300,000 $500,000 $210,000 Total Variable Costs $210,000 $200,000 $150,000 Traceable Fixed Costs $86,000 $40,000 $64,000 Common Fixed Costs $14,000 $14,000 $14,000 Total Operating Income -$10,000 $246,000 -$18,000 Suppose that the Seattle restaurant location were eliminated at the beginning of the year 2024.  That is, assume that during the year 2024 the company only had the Atlanta and Boston restaurant locations.  What would total operating income have been for the year 2024?

The following budgeted information is provided about a compa…

The following budgeted information is provided about a company for January 2024: Budgeted cash balance on 1/1/2024  $50,000 Expected cash collections $300,000 Expected cash disbursements for materials $200,000 Expected cash disbursements for direct labor $70,000 Expected cash disbursements for manufacturing overhead $60,000 Expected selling and administrative expense (includes depreciation expense of $15,000) $40,000 Assume the company pays for its selling and administrative expenses in the month incurred. Also assume that they desire a minimum ending cash balance of $35,000 and they are able to borrow up to $500,000 from a bank at any time at zero percent interest. How much must the company plan to borrow from the bank during January to have exactly the minimum desired cash balance at the end of January?