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S_A_V
8 hours ago
12

Cullumber Company expects to have a cash balance of $138,000 on January 1, 2022. These are the relevant monthly budget data for

the first two months of 2022. 1. Collections from customers: January $213,000, February $438,000. 2. Payments to suppliers: January $120,000, February $225,000. 3. Wages: January $90,000, February $120,000. Wages are paid in the month they are incurred. 4. Administrative expenses: January $63,000, February $72,000. These costs include depreciation of $3,000 per month. All other costs are paid as incurred. 5. Selling expenses: January $45,000, February $60,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $36,000 in cash. Cullumber Company has a line of credit at a local bank that enables it to borrow up to $75,000. The company wants to maintain a minimum monthly cash balance of $60,000.
Business
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A company's unit costs based on 100,000 units are: Variable costs $75 Fixed costs 30 The normal unit sales price per unit is $16
Free_Kalibri [3773]

Answer:

Incremental profit = $30000

thus, the correct choice is a. $30,000

Explanation:

provided data

Variable costs = $75

Fixed costs = 30

Sales price = $165

to determine

incremental profit or loss  from approval

solution

The contribution per unit is calculated as follows:

Contribution per unit = $165 - $75

Contribution per unit = $90

Consequently, we determine the loss on contribution from forgoing regular sales:

Loss on contribution = $3000 × $90

Loss on contribution = $270000

Furthermore,

The incremental contribution for the special order is calculated as:

Incremental contribution = (135 - 75) × 5000

Incremental contribution = $300000

Thus, the incremental profit equates to:

Incremental profit = $300000 - $270000

Incremental profit = $30000

therefore, the correct option is a. $30,000

8 0
2 months ago
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Katen [3525]

Answer:

The EPS will exceed $2.38

Explanation:

Earnings per share represent the funds available to shareholders after all expenses and taxes have been deducted. Restructuring costs are one-off expenses and are classified as other operating expenses in the Income Statement. Including these restructuring and similar charges in the Income Statement leads to reduced Earnings before Tax and eventually lower net profit. Exclusion of these costs will result in increased earnings, consequently raising the company's EPS.

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Company XYY has recently won several bids and is now discussing how to structure the staff so that every contract can be success
Scilla [3833]

Answer:

Two organizational structures available to the company:

Functional structure: This is the most typical type of organizational structure and may already be in use by company XYY. In this model, employees are arranged into departments based on specific roles or functions.

The essential divisions may comprise a production department, a marketing department, a finance or accounting department, and a sales department.

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4 0
3 months ago
Read 2 more answers
Runnin' Wild Family Fun Center bought new go-karts for its recreation facility. The useful life is 6 years. The go-karts had a t
arsen [3447]

Answer:

The payback period is approximately;

B). 3.00

Explanation:

Step 1: Identify the total expense of the go-kart

Using the formula;

Total cost = purchase cost + annual depreciation × number of years

where;

purchase cost = $5,100

assume annual depreciation = 0

the years to recoup = n

Inserting values, we get;

Total cost = 5,100 + (0 × n) = 5,100

Step 2: Total cash inflows

Total cash inflows = (1,700 × n) = 1,700n

Step 3: Determine the payback duration

Setting total expense equal to total cash inflow

5,100 = 1,700n

n = 5,100/1,700

n = 3

The payback timeframe in years is therefore approximately 3 years

3 0
2 months ago
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