Cullumber Company expects to have a cash balance of $40,100 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2017.

1. Collections from customers: January $87,300, February $131,300
2. Payments to suppliers: January $42,800, February $50,200
3. Wages: January $34,200, February $40,200. Wages are paid in the month they are incurred.
4. Administrative expenses: January $24,200, February $33,100. These costs include depreciation of $2,800 per month. All other costs are paid as incurred.
5. Selling expenses: January $16,000, February $20,400. These costs are exclusive of depreciation. They are paid as incurred.
6. Sales of short-term investments in January are expected to realize $14,700 in cash. Cullumber has a line of credit at a local bank that enables it to borrow up to $44,100. The company wants to maintain a minimum monthly cash balance of $25,500.

Prepare a cash budget for January and February. (List Items that increase cash balance first.)

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

In a chapter 7 bankruptcy, a debtor:

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement