Business, 01.11.2019 01:31 monsterduckgoose
Rigley company expects to have a cash balance of $46,000 on january 1, 2017. these are the relevant monthly budget data for the first two months of 2017. 1. collections from customers: january $71,000, february $146,000. 2. payments to suppliers: january $40,000, february $75,000. 3. wages: january $30,000, february $40,000. wages are paid in the month they are incurred. 4. administrative expenses: january $21,000, february $24,000. these costs include depreciation of $1,000 per month. all other costs are paid as incurred. 5. selling expenses: january $15,000, february $20,000. these costs are exclusive of depreciation. they are paid as incurred. 6. sales of short-term investments in january are expected to realize $12,000 in cash. rigley company has a line of credit at a local bank that enables it to borrow up to $25,000. the company wants to maintain a minimum monthly cash balance of $20,000. prepare a cash budget for january and february.
Answers: 2
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
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Business, 22.06.2019 14:50
Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)
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Business, 22.06.2019 21:00
An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.
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Rigley company expects to have a cash balance of $46,000 on january 1, 2017. these are the relevant...
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