1. Sunshine's sales and purchases budget for the first quarter of 2022 are given below:
Month Sales($) Increased Sales($) Purchases($)
Jan 70,000 77,000 46,200
Feb 80,000 88,000 52,800
Mar 100,000 110,000 66,000
2. Cash budget for February and March 2022 is $4,000 and $4,450 respectively.
3. Victory can improve their cash flow by reducing expenses, improving collections, negotiating better payment terms, and improving inventory management.
1. The calculations for sales in the first quarter of 2022 are as follows:
Month Sales($) 10% Increase Sales Total Sales ($)
Jan 70,000 70,000 × 10% = 7,000 77,000
Feb 80,000 80,000 × 10% = 8,000 88,000
Mar 100,000 100,000 × 10% = 10,000 110,000
The calculations for purchases in the first quarter of 2022 are as follows:
Purchases are calculated as 60% of sales.
Month 60% of Sales($) Purchases ($)
Jan 70,000 × 60% = 42,000 46,200
Feb 80,000 × 60% = 48,000 52,800
Mar 100,000 × 60% = 60,000 66,000
2. Sunshine's cash budget for February and March 2022 are given below:
February
Beginning cash balance = $9,000
Collections from January sales = $15,400
Collections from February sales (20% of $88,000) = $17,600
Total available cash = $42,000
Less: Purchases ($52,800)
Less: Labor costs ($11,550)
Less: Other operating costs ($35,000)
Less: Loan repayment ($500)
Total cash disbursements ($99,850)
Ending cash balance ($57,850)
Since the ending cash balance is greater than the minimum required cash balance of $4,000, no additional financing is required.
March
Beginning cash balance = $57,850
Collections from February sales = $17,600
Collections from March sales (20% of $110,000) = $22,000
Total available cash = $97,450
Less: Purchases ($66,000)
Less: Labor costs ($16,500)
Less: Other operating costs ($35,000)
Less: Loan repayment ($500)
Total cash disbursements ($118,000)
Ending cash balance = ($20,550)
Since the ending cash balance is less than the minimum required cash balance of $4,000, financing is required. The shortfall is $24,550, and the amount of financing required should be rounded up to the nearest multiple of $500, which is $25,000. The ending cash balance after financing is $4,450.
3. Sunshine can consider the following suggestions to improve its cash flow:
Reduce expenses: Sunshine can reduce its expenses by negotiating better prices with its suppliers or by reducing its labor costs.Improve collections: Sunshine can improve its cash collections by offering discounts to customers who pay early or by incentivizing its collection staff to improve collections.Negotiate better payment terms: Sunshine can negotiate better payment terms with its suppliers to improve its cash flow by paying later or by paying in installments.Improve inventory management: Sunshine can improve its inventory management by reducing its inventory levels or by improving its inventory turnover. This will reduce the amount of cash tied up in inventory and improve cash flow.Learn more about Cash flow:
https://brainly.com/question/30393117
#SPJ11
The next dividend payment by ECY, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 6 percent, forever. If ECY stock currently sells for $63.50 per share, what is the required return
If ECY stock currently sells for $63.50 per share, then the required return for ECY, Inc. stock is approximately 11.04%.
To calculate the required return, we can use the Gordon Growth Model, also known as the Dividend Discount Model (DDM). The formula for the Gordon Growth Model is as follows:
Required Return = (Dividend / Stock Price) + Dividend Growth Rate
Dividend = $3.20 per share
Stock Price = $63.50 per share
Dividend Growth Rate = 6% (or 0.06)
Plugging in the values into the formula:
Required Return = ($3.20 / $63.50) + 0.06
= 0.0504 + 0.06
= 0.1104
The required return is approximately 11.04%.
Therefore, based on the information, the required return for ECY, Inc. stock is approximately 11.04%.
Learn more about DDM from the given link
https://brainly.com/question/15798462
#SPJ11
Heidi thought she had done everything right to prepare for her math test. She had studied over the last week instead of waiting till the last minute. She got eight hours of sleep, woke up early, and ate a nutritious breakfast. She got to her seat in class early with the materials she would need for the test. However, as the teacher began handing out the test, she panicked.
What could help Heidi reduce her test anxiety?
use flash cards to study for the test
eat something sugary for energy
do visualization and deep breathing
see herself doing poorly on the test
Answer:
C. do visualization and deep breathing
Explanation:
Edge 2021
Deep breathing and visualization is regarded as a proven method for the purpose of relaxation from the panic situations, and this must be done by Heidi to reduce her anxiety.
What are panic situations?The situations that may bring anxiousness in the regular course of life for a person are regarded as panic situations. This may happen on important occasion in the respective lives of people.
To get relaxed from the anxiety of such situations, like the math test of Heidi in the given example, she must practice deep breaths and visualize whatever her preparations have been for the test.
Hence, option C; Heidi shall practice things like deep breathing and visualization to get out of the anxiety she got in the panic situations of her math test.
Learn more about panic situations here:
https://brainly.com/question/14079732
#SPJ2
Find the simple interest paid.
9. Principal: $350
Annual rate: 4%
Time: 3 years
Interest
Answer:
$392
Explanation:
Using the simple interest formula....
A=P(1+rt)
A=350(1+(0.04)(3))
A=350(1+(0.12)
A=350(1.12)
A=350x1.12
A=392
Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)
An example of when a revolving credit is used is when a person makes use of a credit card to make a payment.
What is a revolving credit ?Revolving credit is a form of credit that does not have a fixed number of payments. It allows the holder of the revolving credit to borrow repeatedly until a maximum amount is reached.
To learn more about credit cards, please check: https://brainly.com/question/27547395
#SPJ1
• The definition of pH is pH is equal to the negative log (logarithm) of the ____________ ion concentration of a solution.
The definition of pH is pH is equal to the negative log (logarithm) of the Hydrogen ion concentration of a solution.
PH is a measure of the acidity or alkalinity of a solution. It is widely used in diverse fields such as medicine, chemistry, biology, environmental science, food and beverage industries, and agriculture. pH is typically defined as the negative logarithm (base 10) of the hydrogen ion concentration of a solution.
This definition can be easily derived from the mathematical formula pH = -log[H+], where [H+] is the activity of hydrogen ions in moles per liter (molarity).Thus, pH is a measure of the relative concentrations of hydrogen ions and hydroxide ions in a water-based solution.
To know more about environmental science visit:
https://brainly.com/question/13254058
#SPJ4
A __________ is a group of closely related items which are sold or made by a company. Product segment Product mix Product line Product code
1 - At the extremes of KM strategy, How knowledge management drives enterprise strategy? What is the importance of the IS/1 department and HR departments talking to one another for the development of a KM strategy? Word Limit: 250-300 Words in Total
At the extremes of KM strategy, knowledge management drives enterprise strategy through its integration in all the organizational activities. Knowledge management enables companies to leverage their knowledge assets and put them to good use.
It allows companies to harness knowledge as a critical resource to achieve their strategic objectives. KM drives enterprise strategy in the following ways:1. Facilitating innovation Knowledge management can help companies generate new ideas that lead to innovation. It provides a framework that enables employees to share their knowledge, collaborate, and brainstorm ideas. This fosters a culture of innovation that drives enterprise strategy.2. Improving customer service Customer service is a critical component of enterprise strategy. Knowledge management enables companies to provide better customer service by empowering customer-facing employees with relevant information. This improves the customer experience and helps companies build customer loyalty.3. Enhancing operational efficiency KM can also help companies streamline their operations by improving efficiency. It provides employees with the tools and information they need to do their jobs more effectively. This reduces the time and resources required to complete tasks, allowing companies to be more agile and responsive to changing market conditions.4. Driving revenue growth Finally, KM can help companies drive revenue growth by enabling them to leverage their knowledge assets. It allows companies to identify new markets, develop new products, and enter new business lines. This creates new revenue streams and drives enterprise strategy.
Learn more about knowledge management here:
https://brainly.com/question/30457568
#SPJ11
Maurice is always on time to meetings and other company events. He has never missed a project deadline, and he is usually the first person people call when they
need help. Which attribute is Maurice displaying?
O Reliability
O Communication
O Problem solving
Teamwork
Answer:
Reliability, because if he is the one everyone calls in need of help than it would be considered reliable.
Answer:
A. Reliability
Explanation:
Its this answer because he is always on time to his meeting so his boos can rely on him. He has never missed a deadline so his clients can rely on him etc.
Gracie co. Has current assets of $32,000, long-term assets of $58,000, current liabilities of $14,000, and long-term liabilities of $20,000. Calculate stockholders’ equity.
The equity of the stockholders will be $56,000.
What exactly is stockholder equity?
Stockholders' equity, also known as shareholders' or owners' equity, is the number of assets accessible to shareholders after all liabilities have been paid. It is measured as a firm's total assets less total liabilities, or as the sum of share capital and retained earnings less treasury shares.
Stockholders' equity may include common stock, paid-in capital, retained earnings, and treasury stock. Stockholders' equity can be used to evaluate the cash held by a company. If this value is negative, it may signal that the company is about to declare bankruptcy, especially if it has a substantial debt load.
Calculation:
Gracie Co. has $32,000 in current assets, $58,000 in long-term assets, $14,000 in current liabilities, and $20,000 in long-term liabilities. Determine the equity of investors.
32,000 + 58,000 = 90,000 in assets
14,000 liabilities = 20,000 liabilities = 34,000 liabilities
Liabilities plus stockholder equity equals assets.
or:
Stockholder equity equals assets minus liabilities.
90,000 - 34,000 = shareholder equity
$56,000 in shareholder equity.
Learn more about stockholders’ equity with the help of the given link:
brainly.com/question/13278063
#SPJ4
the us environmental protection agency (us epa) takes the extra step of drawing a distinction between sustainability and what?
the us environmental protection agency( us epa) takes the redundant step of drawing a distinction between sustainability and sustainable development.
Sustainable development is the process of meeting being demands without immolating the capacity of unborn generations to fulfil their own requirements. Sustainable development is a guiding gospel that attempts to achieve mortal development objects while allowing natural systems to support humans with essential natural coffers and ecosystem services. After the Brundtland report, which detailed sustainable consumption in industrialised nations, the idea of sustainable development was chased. Harmonizing three crucial factors profitable growth, social addition, and environmental protection is essential for sustainable development. All of these factors are important for the project management design operation weal of people and society and are interrelated. The three main pillars of social, profitable, and environmental sustainability form its foundation.
learn more about project management here
https://brainly.com/question/28211565
#SPJ4
After a hurricane devastates New Orleans, a Canadian charity sends $1 million to the U.S. to help the survivors rebuild their homes. In the U.S. balance of payments, this transaction would cause the balance on the _____ account to _____
In the U.S. balance of payments, this transaction would cause the balance on the current account to increase.
What is a current account?This is a deposit account from which withdrawals are done in the bank through the use of checks.
It is also called a checking account. It helps to take care of frequent deposits as well as withdrawals that are done by cheque.
Read more on current account here: https://brainly.com/question/24848903
#SPJ1
Describe the steps you would take to prepare yourself for a new job.
Answer:
Tons of research! Make sure to ask questions when employers ask if you have anything you would like to know. Dress appropriately for the job and job requirements and come prepared and try not to use words like "Um" and "I'm not sure" often!
Explanation:
Job prep!
Differentiate between the scheduling techniques known as CPM and PERT
what is the difference of communism and socialism?
which type of chart would you create to compare expenses in each department as a percentage of all expenses?
Based on the information given, the best chart that can be used to represent the scenario will be an exploded pie chart.
A pie chart simply refers to a type of graph that's is used in displaying the data in a circular graph. In this case, the pieces are proportional to their fractions.
The exploded pie chart can be used in comparing the expenses in each department as a percentage of all expenses.
Learn more about our charts on:
https://brainly.com/question/25666939
what is the formula to determine the price of a u.s. treasury bond listed at 122 if the par value is $5,000?
To see what the purchase price will be for a particular discount rate, use the formula: Price = Face Value (1 – (discount rate x time)/360).
The par value of a bond is the face value of the bond plus any annual or semiannual coupon payments owed to bondholders by the issuer of the debt. A bond with a par value of $1,000 and a coupon rate of 4% will have annual interest payments of 4% x $1,000 = $40. With bonds, par value is the amount of money that the bond issuers agree to return to the buyer at maturity.A bond is basically a written promise that the borrowed amount will be repaid to the issuer. If a bond with a face value of $1,000 trades at a premium,the bond is trading for more than $1,000 in the market. PAR is usually expressed as a percentage.The PAR% is calculated by dividing the population attributable risk (PAR) by the incidence in the total population and then multiplying the product by 100 to obtain a percentage.
To learn more about purchase price please click on below link.
https://brainly.com/question/29659736.
#SPJ4
How is the excel sheet suppose to look? How many sheet is there? Can you do it but this time showing just the excel document with the sheet(s) included along with the steps in the sheets?
In an Excel sheet, data is organized into rows and columns and sheets are used to keep track of different sets of data within a workbook. A workbook can contain several sheets, each of which has its own set of columns and rows. An Excel sheet is used to store numerical data, graphs, and text.
Here's how to create an Excel sheet with two sheets and steps in each sheet:
1. Open Microsoft Excel on your computer.
2. Click on the File tab, select New, and then click Blank workbook.
3. Rename Sheet 1 to Sales and Sheet 2 to Inventory by double-clicking on the Sheet tab.
4. In the Sales sheet, add the following headers in row 1: Sales Date, Product, Price, Quantity, and Total. In the next row, enter sample data for each column.
5. In the Inventory sheet, add the following headers in row 1: Product, Category, Quantity, and Price. In the next row, enter sample data for each column.
6. To switch between sheets, click on the Sheet tab at the bottom left corner of the screen and select the sheet you want to view.
7. You can now enter data in each sheet and use Excel's built-in functions to analyze your data.
To know more about the data, visit:
https://brainly.com/question/31771282
#SPJ11
EBITDA
a) Stands for?
b) equation c) Why do we prefer EBITDA over Net Income to gauge the strength/weakness of the firm (5 reasons)
a) EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.
b) The equation for EBITDA is: EBITDA = Operating Revenue - Operating Expenses (excluding interest, taxes, depreciation, and amortization)
c) We prefer EBITDA over Net Income to gauge the strength/weakness of a firm for the following reasons:
1. EBITDA excludes the effects of financing decisions: Since EBITDA does not consider interest expenses, it allows for better comparison of companies regardless of their capital structure.
2. EBITDA excludes the effects of tax policies: By excluding taxes, EBITDA allows for a better comparison of companies operating in different tax jurisdictions.
3. EBITDA removes the impact of non-cash expenses: Depreciation and amortization are non-cash expenses, which may vary depending on accounting methods. EBITDA provides a clearer picture of a company's operating performance by excluding these expenses.
4. EBITDA is a better indicator of operational efficiency: Since EBITDA focuses on core operations, it gives a clearer view of the efficiency and profitability of a company's core business activities.
5. EBITDA is widely used in valuation multiples: EBITDA is commonly used as a basis for valuation multiples, such as EV/EBITDA (Enterprise Value to EBITDA), which helps investors compare the relative value of companies within the same industry.
In summary, EBITDA provides a more accurate and comparable measure of a firm's operating performance, which helps investors assess its strength or weakness.
Learn more about EBITDA here:
https://brainly.com/question/31576861
#SPJ11
High-profile accounting scandals and the global financial crisis are examples of ___.
High-profile accounting scandals and the global financial crisis are examples of companies and industries that did not conform to business ethics.
What is business ethics?The rules for ethically correct and wrong behavior in company are referred to as business ethics. However, "legal" and "ethical" are not always identical. Law in part defines behavior. By defining permissible practices outside of the purview of the state, business ethics strengthen the law.
What is the business ethics tenet?The field includes loyalty, fairness, respect, trustworthiness, and technological ethics. It also includes corporate responsibility, personal responsibility, and social responsibility. It places a strong emphasis on employee retention, brand image, and consumer loyalty.
How can business ethics be improved?Engage, talk to, and educate your staff. Utilize effective and educational communication to involve employees as well as other stakeholders, including suppliers, investors, regulators, and customer groups. An ethical culture will be ingrained thanks to effective, consistent, and regular communication and training.
Learn more about business ethics: https://brainly.com/question/14971689
#SPJ4
Suppose you are a U.S. investor who is planning to invest $175,000 in Japan. You do so at a starting exchange rate of 84.78¥/$. Your Japanese investment gains 7.50 percent, and the ending exchange rate is 83.06¥/$. What is your total return on this investment?
The total return on your investment is -$287,875, indicating a loss.
To calculate the total return on your investment, we need to consider both the investment gain in Japan and the exchange rate change.
Investment amount in Japan: $175,000
Starting exchange rate: 84.78¥/$
Ending exchange rate: 83.06¥/$
Investment gain in Japan: 7.50%
Calculate the investment gain in Japan:
Investment gain in Japan = Investment amount in Japan * (Investment gain percentage / 100)
Investment gain in Japan = $175,000 * (7.50 / 100)
Investment gain in Japan = $13,125
Calculate the change in the exchange rate:
Exchange rate change = Ending exchange rate - Starting exchange rate
Exchange rate change = 83.06¥/$ - 84.78¥/$
Exchange rate change = -1.72¥/$
Convert the exchange rate change to US dollars:
Exchange rate change in US dollars = Exchange rate change * Investment amount in Japan
Exchange rate change in US dollars = -1.72¥/$ * $175,000
Exchange rate change in US dollars = -$301,000
Calculate the total return on your investment:
Total return = Investment gain in Japan + Exchange rate change in US dollars
Total return = $13,125 + (-$301,000)
Total return = -$287,875
The total return on your investment is -$287,875, indicating a loss.
Learn more about Investment amount in Japan from the given link
https://brainly.com/question/33754486
#SPJ11
list the stages of team development
Answer:
Stage 1: Forming. Feelings. ...
Stage 2: Storming. Feelings. ...
Stage 3: Norming. Feelings. ...
Stage 4: Performing. Feelings. ...
Stage 5: Termination/Ending. Some teams do come to an end, when their work is completed or when the organization's needs change.
What do behaviorist and cognitivist theories have in common?
a. Praise is an important aspect of learning in both of them.
b. They both rely on a simple stimulus-response system.
c. Repetition is an important aspect of learning in both of them.
d. They both accept that the mind has a conscious role in learning.
What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
Learn more about Project training here:
https://brainly.com/question/32162663
#SPJ11
5 time 8
help me pleeeeeeeeeeeeee
Answer:
40
Explanation:
five times eight is forty
A company has received a special order from a customer to make 5,000 units of a customized product. The direct materials cost per unit of the customized product is 15 , the direct labor cost per unit is 5 , and the manufacturing overhead per unit is 18 , including 6 of variable manufacturing overhead. If the company has sufficient available manufacturing capacity, what is the minimum price that can be accepted for the special order.a. 24 b. 26 c. 32 d. 38
A company has received a special order from a customer to make 5,000 units of a customized product. The direct materials cost per unit of the customized product is $15 , the direct labor cost per unit is $5 , and the manufacturing overhead per unit is $18 , including $6 of variable manufacturing overhead. If the company has sufficient available manufacturing capacity, the minimum price that can be accepted for the special order is $26. So, the correct option is b.
The increment cost per unit for the special order is calculated as:
Direct Material = $15.00
Direct Labor = $5.00
Variable Factory Overhead = $6.00
Incremental cost per unit = Direct Material + Direct Labor + Variable Factory Overhead
i.e. $15.00 + $5.00+$6.00
= $26.00
The incremental cost per unit is $26, which should be the minimum price that can be accepted for the special order. Therefore, the correct option is b.
You can learn more about incremental cost at
https://brainly.com/question/25811981
#SPJ4
How is the poverty rate to income distribution?
Answer:n the U.S., poverty has averaged around 26.92 percent of the population with an income less than 50 percent of the country's median income, after taxes and benefits are added (how the OECD defines “relative income poverty”). ... So the higher the score, the more income equality there is.
Hope this helps!! Brainlist?
Which contract element is insurable interest a component of?
Use the following information to answer the next 2 questions about Paul's Premium Pillows. Paul has the following events occur during the current year:
A. Paul pays his employees $90,000 cash for work done in the current year. He also owes an additional $10,000 for work done this year. which he plans to pay at the beginning of next year. This is his first time making a journal entry related to wages in the current year. B. Paul purchases premium pillow inventory for $300,000. He pays for 80% of the amount using cash; the remaining 20% is paid on account. C. Paul purchases a TV advertisement during the current year, costing $20,000 cash. The advertisement will run during the first Husky game of next year. D. Paul sold some pillow inventory for $375,000 cash during the current year. $260,000 of this pillow inventory was shipped and received by the customer. The remaining amount represents orders that will not be shipped until next year. The cost that Paul paid for the already shipped pillows is $150,000 Question 1 1 pts Paul's Premium Pillows has the following events occur during the current year. If Paul uses the accrual basis, total Revenues would be and total Expenses would be If Paul uses the cash basis, total Revenues would be and total Expenses would be Create an accrual-basis income statement for Paul's Premium Pillows using the information provided in the previous question. Assume an income tax rate of 20%. (Hint: Paul only has one operating expense!)
To create an accrual-basis income statement for Paul's Premium Pillows, we need to consider the events mentioned and their impact on revenues and expenses.
Event D states that Paul sold pillow inventory for $375,000 cash, out of which $260,000 worth of pillows were shipped and received by the customer. The cost of the already shipped pillows is $150,000.
Event A mentions that Paul paid his employees $90,000 cash for work done in the current year, and he owes an additional $10,000 for work done this year, which he plans to pay at the beginning of next year.
Given this information, we can calculate the revenues and expenses for Paul's Premium Pillows:
Revenues:
Sales revenue (shipped pillows): $260,000
Expenses:
Cost of goods sold: $150,000
Wages expense: $90,000
Total Revenues: $260,000
Total Expenses: $240,000
Now, let's create the income statement:
Paul's Premium Pillows
Income Statement (Accrual Basis)
Revenues:
Sales revenue: $260,000
Expenses:
Cost of goods sold: $150,000
Wages expense: $90,000
Net Income: $20,000 ($260,000 - $150,000 - $90,000)
Income Tax Expense (20%): $4,000 (20% of $20,000)
Net Income after Taxes: $16,000 ($20,000 - $4,000)
This is the accrual-basis income statement for Paul's Premium Pillows.
Learn more about accrual-basis income here:
https://brainly.com/question/29790260
#SPJ11
Since tsc sells products to support a rural lifestyle, it typically carries several brands within just a few product categories. This would categorize them as what type of store?.
The type of store which TSC is which sells products to support a rural lifestyle, and typically carries several brands within just a few product categories is known as a specialty store.
What is a Specialty Store?
This refers to retail outlets which has a focus on particular product categories and can have different brands.
With this in mind, we can note that because TSC sells products which has different brands and supports a rural lifestyle with few product categories, then they are known as a specialty store.
Read more about specialty store here:
https://brainly.com/question/7145120
Which of the following statements accurately describes the free enterprise
system in the United States?
Answer:
Businesses are generally free of government ownership and
control
Explanation: The answer is C.