The most useful budget figures are developed:
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Use the following information to prepare cash budgets for Pi…
Use the following information to prepare cash budgets for Pineapple Company for June and July 2030. June 2030 July 2030 Cash Balance June 1st $ 50,000 ? Cash Receipts from Sales $450,000 $750,000 Cash Paid for Purchases $400,000 $350,000 Salaries Paid $200,000 $100,000 Rent Paid $8,000 $8,000 Truck purchased (paid in cash) $25,000 Income Taxes paid $10,000 Cash Disbursements for Interest ? ? Other Information: Pineapple Company had an agreement with the bank. Pineapple would be required to keep a minimum bank balance of $50,000. Pineapple could borrow up to $1,000,000, with an annual interest rate of 12% (1% per month). Interest was calculated on the beginning of the month loan balance. Borrowings can only be made in $1,000 increments. Pineapple Company would pay off loan whenever they have the available funds to do so. Loan Balance: June 1st , 2030: $200,000 Required: Remember: If the amount is a negative amount use ($ ) to indicate.
Part #1 Lime Company planned to produce 5,100 units of Produ…
Part #1 Lime Company planned to produce 5,100 units of Product Green using 5lbs of direct materials at a standard cost of $10 per lb. In actually producing 5,100 units of Product Green, Lime Company used 28,000 lbs. of direct materials costing a total of $266,000. REQUIRED:Part #1 Based on the above information, calculate each of the following and then indicate if it is favourable or unfavourable. a) Direct Material Price Variance (use $ sign and ,) {#1} b) Is the Direct Material Price Variance favourable or unfavourable? {#2} c) Direct Materials Quantity Variance (use $ sign and ,) {#3} d) Direct Materials Quantity Variance {#4} e) The purchasing manager says that he did a good job getting the materials at a lower cost per lb., is the correct? {#5}
What is the Break-even point in dollars?
What is the Break-even point in dollars?
What is the Break-even point in units?
What is the Break-even point in units?
If Apple Company were to sell 8,200 units, would they earn a…
If Apple Company were to sell 8,200 units, would they earn a profit or sustain a loss? {#1}
My Accounting (ACC 1145) course was
My Accounting (ACC 1145) course was
At the end of June 2030 what is the amount that Pineapple Co…
At the end of June 2030 what is the amount that Pineapple Company must borrow in order to meet the required minimum cash balance?
A cost that remains unchanged in total amount even when the…
A cost that remains unchanged in total amount even when the production volume varies from period to period is a:
Arlington and Fry issued $50,000 worth of 6% bonds on May 1….
Arlington and Fry issued $50,000 worth of 6% bonds on May 1. The bonds pay interest on February 1 and August 1. The amount of interest accrued on Dec. 31 would be: