Sales for July, August, and September are expected to be $100,000, $90,000, and $110,000, respectively, for Kristina Company. All sales are on account (terms 2/15, net 30 days) and are collected 60 percent in the month of the sale and 40 percent in the following month. One-half of all sales discounts are taken on the average. Raw materials are purchased one month before being needed, and all purchases and expenses are paid for as incurred.
Activities for the quarter are expected to be:
July
August
September
Raw materials used
$20,000
$18,000
$22,000
Salaries
35,000
34,000
46,000
Maintenance and repairs
9,000
9,000
9,000
Depreciation
18,000
18,000
18,000
Utilities and other
7,000
7,000
7,000
Dividends paid
-0-
5,000
-0-
Payment on bonds
4,000
4,000
4,000
Required:
1: Using the information above, prepare a cash budget for August in good form.
2 . At the end of August it was determined that actual cash receipts were 10% lower than expected, raw materials costs were 15% higher due to supply chain problems, and salaries were 10% higher budgeted due to a workforce shortage requiring pay increases to retain staff. All other costs were actually as budgeted. Prepare a report for your supervisor showing all cash budget line items and a side-by-side comparison of budgeted amounts vs. actual, as well as the differences between each and the total actual net cash flow.
3. Provide a brief analysis to your supervisor of actions you believe the company should undertake based on this analysis.
Answers
Cash Budget for August:
Kristina Company
Cash Budget
For the Month of August
Beginning Cash Balance $X
Cash Receipts:
Collections from July Sales $X
Collections from August Sales $X
Total Cash Receipts $X
Cash Disbursements:
Raw Materials Used $X
Salaries $X
Maintenance and Repairs $X
Depreciation $X
Utilities and Other $X
Dividends Paid $X
Payment on Bonds $X
Total Cash Disbursements $X
Net Cash Flow (Receipts - Disbursements) $X
Ending Cash Balance $X
Report on Budgeted vs. Actual Cash Budget for August:
Kristina Company
Cash Budget Analysis
For the Month of August
Budgeted Cash Receipts $X
Actual Cash Receipts $X
Difference $X (Actual - Budgeted)
Budgeted Cash Disbursements $X
Actual Cash Disbursements $X
Difference $X (Actual - Budgeted)
Budgeted Net Cash Flow $X
Actual Net Cash Flow $X
Difference $X (Actual - Budgeted)
Analysis and Recommendations:
Based on the cash budget analysis, there are some significant deviations between the budgeted and actual cash flows. The actual cash receipts were 10% lower than expected, raw materials costs were 15% higher, and salaries were 10% higher than budgeted. However, all other costs were as budgeted.
To address these deviations and improve cash management, the following actions are recommended:
a. Improve Accounts Receivable Collection: Implement more proactive measures to ensure timely collection of accounts receivable. This could involve stricter credit terms, follow-up with customers for outstanding payments, and offering incentives for early payment.
b. Vendor Negotiations: Engage in negotiations with raw material suppliers to explore options for cost reduction or alternative supply sources to mitigate the impact of supply chain problems and minimize raw material costs.
c. Workforce Planning: Develop strategies to address the workforce shortage issue and reduce reliance on pay increases. This could include recruiting additional staff, providing training and development opportunities, and implementing employee retention programs.
d. Expense Control: Continuously monitor and control other expenses, such as maintenance and repairs, utilities, and miscellaneous costs, to ensure they remain within budgeted levels.
e. Cash Flow Management: Maintain a strong focus on cash flow management by regularly reviewing cash budgets, monitoring cash inflows and outflows, and ensuring sufficient cash reserves for unexpected contingencies.
By implementing these recommendations, Kristina Company can improve its cash flow management, reduce costs, and enhance overall financial stability. Regular monitoring and adjustments based on actual performance will be crucial to maintain a healthy cash position and financial well-being.
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Related Questions
You have $110,000 to invest. You choose to put $160,000 into the market by borrowing $50,000.
a. If the risk-free interest rate is 4% and the market expected return is 11% what is the expected return of your investment?
b. If the market volatility is 10%, what is the volatility of your investment?
Answers
The expected return of investment is 9.68% and the volatility of investment is 7.6%.
a. Expected return of investment:
The expected return of investment can be calculated using the formula:
Expected return = Risk-free rate + Beta * (Market return – Risk-free rate)
Here, Beta = (Amount invested in the market / Total amount invested)
Beta = (160,000 / 210,000)
Beta = 0.76
Expected return = 4% + 0.76 * (11% – 4%)
Expected return = 9.68%
Therefore, the expected return of investment is 9.68%.
b. Volatility of investment:
The volatility of investment can be calculated using the formula:
Volatility of investment = Beta * Market volatility
Here, Beta = 0.76
Market volatility = 10%
Volatility of investment = 0.76 * 10%
Volatility of investment = 7.6%
Therefore, the volatility of investment is 7.6%.
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While Justin's therapist hears what Justin has to say without judgment, she also seeks understanding by asking for clarification and then reflecting Justin's feelings. Justin's therapist is using a therapeutic technique known as:
Answers
The therapeutic technique being used by Justin's therapist is reflective listening.
Reflective listening is a therapeutic technique in which the therapist listens attentively to the client's concerns and then reflects their feelings and thoughts back to them. This helps the client feel understood and validated, and can also help the therapist gain a deeper understanding of the client's experiences.
Reflective listening is a valuable tool in many forms of therapy, including cognitive-behavioral therapy, psychodynamic therapy, and humanistic therapy. By using this technique, the therapist can help the client feel heard and supported, and can create a safe and trusting environment in which healing can occur.
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In a given market, how are the equilibrium price and the market-clearing price related?
a. There is no relationship.
b. They are the same price.
c. The market-clearing price exceeds the equilibrium price.
d. The equilibrium price exceeds the market-clearing price.
Answers
(b) - the equilibrium price and the market-clearing price are the same.
The equilibrium price is the price at which the quantity of a good supplied by producers matches the quantity demanded by consumers. The market-clearing price is also the price at which the quantity demanded by consumers equals the quantity supplied by producers, which means that there is no surplus or shortage of the good in the market. Therefore, the equilibrium price and the market-clearing price are the same since they both represent the point at which supply and demand are in balance, and there is no excess supply or demand in the market.
In a given market, the equilibrium price and the market-clearing price are related because they both refer to the same concept. They represent the price at which the quantity demanded by consumers equals the quantity supplied by producers, ensuring that there is no surplus or shortage in the market.
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What does this describe? "Charges imposed by the owner of an immovable in pursuance of a general plan governing building standards, specified uses, and improvements. The plan must be feasible and capable of being preserved".
Answers
The answer is building restrictions.
Building restrictions are precise limitations that can be found in different zoning regulations and building codes.
These kinds of regulations are intended to make sure that a specific region of a municipality is designated for use primarily for certain purposes and that any buildings built there adhere to the zoning regulations.
A building's size and intended use may occasionally be constrained by the building rules, which may also include location limits.
For example, there may be restrictions on the establishment of nightclubs and bars in areas designated for residential use only.
The goal is to discourage enterprises from opening up shops in places where the majority of the locals would find them undesirable.
Hence, "Charges imposed by the owner of an immovable in pursuance of a general plan governing building standards, specified uses, and improvements. The plan must be feasible and capable of being preserved" is described by building restrictions.
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the increase in the market value of a good at a particular stage of production is known as
Answers
The increase in the market value of a good at a particular stage of production is known as value added.
Value added refers to the increase in value of a product or service as a result of a particular stage of production. It is the difference between the cost of inputs and the price of the final product. For example, if a company purchases raw materials for $50 and sells the final product for $100, the value added would be $50.
Value-added refers to the enhancement a company gives its product or service before offering it to customers. In production, it is the difference between the cost of raw materials and the price of the finished product. This concept is used to measure the contribution of each stage of production to the overall market value of a good.
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PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
______ policy seeks to foster or discourage various economic or social activities, typically through subsidies or tax breaks.
Answers
Answer:
domestic
Explanation:
try it but i don't know! just a guess
What is the best animal?
Answers
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
What are actions taken by a government or a central bank that are intended to
encourage economic activity and growth?
policies
sanctions
stimulus
Answers
Answer:
Policies and stimulus
Explanation:
Policies can refer to a wide range of measures, such as changes to tax laws, regulatory policies, or spending programs, that are designed to promote economic growth.
Stimulus, on the other hand, usually refers to specific measures, such as lowering interest rates or increasing government spending, that are intended to boost economic activity in the short term.
what is a sale promotion
Answers
Answeris one of the elements of the promotional mix. :
Explanation:
Answer:
profit
Explanation:
You take a major selection of items and you increase the amount wanted by a quarter percentage.
QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answers
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
In the end, businesses that use teams tend to have ______. a. Fewer sick leaves b. More profits c. More management d. Fewer products
Answers
Answer:
The answers B More profits
Explanation:
Trust me i just made a 100 in the test
In the end, businesses that use teams tend to have more profit. Thus, option (b) is correct.
What is businesses?The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The term “businesses” refers to the primary goal of generating a profit. The company is taking a risk and profiting from it. The enterprises' functions are focused on the creation, distribution, and sale of concepts. The business was the runs on the basis of the consumer behavior.
As a result, the significance of businesses are the aforementioned. Therefore, option (b) is correct.
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Charles is going to purchase a new car that has a list price of $21,450. He is planning on trading in his good-condition 2004 Dodge Neon and financing the rest of the cost over three years, paying monthly. His finance plan has an interest rate of 12. 28%, compounded monthly. Charles will also be responsible for 6. 88% sales tax, a $1,089 vehicle registration fee, and a $124 documentation fee. If the dealer gives Charles 80% of the listed trade-in price on his car, once the financing is paid off, what percent of the total amount paid will the interest be? (Consider the trade-in to be a reduction in the amount paid. ).
Answers
The Interest rate is the rate that is charged by the lender for the use of his money.
The percent of the total amount paid by Charles would be the on the interest of 16.70%.
What is the interest rate?The interest rate is the amount of interest that is due per period, as a quotient of the amount deposited, or borrowed.
The amount of interest depends upon the sum of the principal, and it can vary by the amount of money lent or deposited.
Computation of the rate of interest:
Given,
List Price = $21,450,
Interest Rate on the finance plan = 12.28%,
Monthly Interest rate:
\(\dfrac{12.28\%}{12} = 1.023\%\)
Sales Tax Rate = 6.88%
\(n = 12 \text{Months}\times3\text{Years}\\n=36 \text{Months}\)
Registration and documentation fee = $1,213 ($1,089 +$124)
Then,
The amount after-tax on selling neon 2004 is:
\(=\$6,591\times80\% \times ( 1 - 6.88\%) \\\\= \$4,910\)
Then the total amount paid for a new car is:
\(\text{Amount Paid For a New Car}= \text{List Price+ Documentation Fee + Registration Fee}\\\\\\\text{Amount Paid For a New Car}=\$ 21,450 +\$ 1,089 + \$$124\\\\\\\text{Amount Paid For a New Car}= \$22,663\)
And, The total amount gets from the finance plan:
\(\text{Net Amount Paid For a New Car - Amount After Tax}\\\\\\ \$ 22,663 - \$4,910 = \$17,753\)
so, Present Value = $17,753
Now, apply the given values in the formula of annuity, we get the monthly payment:
\(\text{A} =\text{PV}\times {1- (1+i)^n }}\\\\\text{A} = \$592\)
Where A = Annuity
Then, The total repayment in Charles finance plan would be:
\(\$592\times36 = \$21,312\)
The total interest expenses would be:
\(\text{Total repayment - Financing Amount} \\\\ \$21,312 - \$17,753 = \$3,559\)
Therefore, the percentage of total interest expenses in the amount paid is :
\(\dfrac{3,559}{21,312}= 16.70\%\)
Hence, The rate of interest would be 16.70%.
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Answer:
16.70
Explanation:
True or False: A required implementation specification must be put into place as written in the Rule.
Answers
A required implementation specification must be put into place as written in the Rule. This is true as only addressable specification may have alternate implementation.
What is an implementation specification?An implementation specification is a more detailed description of the method covered entities can use to meet the requirements of a particular standard. This is typically related to the HIPAA security rule.
It should be noted that the first step toward Security Rule compliance requires the assignment of security responsibility — a Security Officer. Here, the Security Officer can be an individual or an external organization that leads Security Rule efforts and is responsible for ongoing security management.
Here, the required implementation specification must be put into place as written in the Rule. This is true as only addressable specification may have alternate implementation.
Based on the above information, it can be deduced that the correct option will be true.
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Jakobi is presenting to a new audience and is ready to adapt his introduction to their needs. Which of the following is not an adjustment he should consider when adapting his message?
A. Using different technology based on what is available
B. Including more background information
C. Changing his language to reflect his new purpose
D. Determining what his original audience was like
Answers
Option D : determining what his original audience was like is the adjustment that Jakobi should not consider when adapting his message.
Why Jakobi adapt his message ?When adapting a message for a new audience, it is critical to consider the new audience's specific needs, preferences, and background, rather than simply relying on what worked with a previous audience. As a result, determining the original audience's characteristics may be irrelevant or useless in adapting the message to a new audience.
Option A, B and C, on the other hand, are all critical considerations when adapting a message for a new audience. Using various technologies depending on what is available can help ensure that the message is effectively communicated to the new audience. More context information can assist the new audience in understanding the context and relevance of the message. Changing the language to reflect the new purpose can aid in communicating the message to the new audience in a clear and effective manner.
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(Economics) This list describes recent events in a country. As you read the list, think about the role of the country’s central bank. The country has seen its GDP decline and unemployment rise for three consecutive quarters. People are buying fewer cars, homes, and other goods and services. One reason people are buying less is that it is more difficult and more expensive to get loans to buy large items. The country’s central bank decides to lower the interest rate on the loans it makes to the banks that people use. Banks lower their interest rates. More people take out loans. With their loans, people start buying more goods and services, especially more expensive items such as cars. Producers require more workers to make these goods and sell them. Unemployment drops, and GDP begins to rise. What action helped unemployment and GDP in this country? Justify your response.
Answers
Answer:
The central bank lowered its interest rates, which made it easier and cheaper for banks to make loans to people. once people could get loans, they could buy more. The increased demand meant more people were employed to make and sell items, and output increased.
Explanation:
Answer:
The central bank lowered its interest rates, which made it easier and cheaper for banks to make loans to people. Once people could get loans, they could buy more. The increased demand meant more people were employed to make and sell items, and output increased.
Explanation: edmentum sample answer
The difference between who you
are and who you want to be is
what you do.
Pahraphrase the quote and explain what this quote means
Answers
Answer:
a quote is the authors exact words
Explanation:
A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the ____________ of ____________ account.
Answers
Answer:
Rent, expenses
Explanation:
A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the rent of expense account.
Find the total balance of each investment account earning simple annual interest. A: $624 at 5% for 3 years B: $4,120 at 7% for 18 months C: $900 at 3. 1% for 6 months D: $275 at 4. 8% for 8 years.
Answers
Answer:
formula: Interest = P * R * T /100
Apply it in every part.
A) I = 624 * 5 * 3 / 100
I = 9360/100
I = 93.60
So, Total amount = 93.60 + 624 = $717.60
B) I = 4120 * 7 * 3 / 2*100
I = 86520 / 200
I = 432.60
So, Total amount = 432.60 + 4120 = $4552.60
C) I = 900 * 3.1 * 1 / 2 * 100
I = 2790 / 200
I = 13.95
So, Total Amount = 13.95 + 900 = $913.95
D) I = 275 * 4.8 * 8 /100
I = 10560 / 100
I = 105.60
So, Total amount = 105.60 + 275 = $380.60
Explanation:
what is your Opinion on DeShaney v. winnebago county social services
Answers
DeShaney v. Winnebago County Social Services, which was a significant case in US constitutional law.
In this case, the Supreme Court ruled that the Due Process Clause of the Fourteenth Amendment did not impose an affirmative duty on the state to protect citizens from harm caused by private actors.
This decision meant that Joshua DeShaney, who was abused by his father despite previous reports to child protection services, could not sue Winnebago County Social Services for their failure to protect him.
Overall, the case remains an important precedent in US constitutional law and has had a significant impact on the way courts interpret the Due Process Clause of the Fourteenth Amendment.
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Over the past two decades, a snack food manufacturing company has purchased a cigarette manufacturer, a number of television stations in the united states, and a high-end apparel company. What is this an example of?.
Answers
A company that produces snack foods has acquired a cigarette maker, many US television stations, and a high-end clothing business over the past 20 years is an example of synergy.
What is synergy?The idea of synergy holds that two businesses' combined value and performance will just be greater than the product of their individual parts. It is commonly referred as an synergy merge when two businesses combine in order to increase efficiency or size.Synergy is significant because it enables businesses to become more successful and efficient as a whole. Its effects can also raise worker morale, provide businesses a competitive edge, boost consumer satisfaction, and increase market share.Revenue synergies, cost synergies, as well as financial synergies are the three subcategories of synergies. Synergies are crucial for M&A transactions, whether you are on the buy- or sell-side. They are what many other mergers and acquisitions are motivated by.To learn more about synergy refer to :
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g 4.after all the work thus far in the analysis, you suddenly realize that the hospital, as a for-profit corporation, must pay taxes. what effect does tax status have on your breakeven analysis?
Answers
The tax status of a for-profit corporation can have a significant impact on the breakeven analysis. When calculating the breakeven point, the analysis assumes that all revenue generated goes towards covering the costs of the business. However, in reality, for-profit corporations must pay taxes on their earnings, which reduces the amount of revenue that can be used to cover costs.
Therefore, incorporating taxes into the breakeven analysis can increase the breakeven point for the hospital. This means that the hospital will need to generate more revenue to cover the additional cost of taxes before it can start earning a profit.
In addition, taxes may affect the pricing strategy of the hospital. The hospital may need to increase its prices to cover the tax liability, which could affect the demand for its services. Alternatively, the hospital may need to find ways to reduce its costs to offset the tax liability and maintain its competitive pricing.
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The tax status of a for-profit hospital would have a significant effect on the breakeven analysis. Taxes are an additional expense that must be factored into the hospital's cost structure and ultimately impact its breakeven point.
A higher tax rate would increase the hospital's breakeven point, as it would need to generate more revenue to cover the additional tax expense. On the other hand, tax deductions, such as those related to capital investments or healthcare-specific expenses, could lower the hospital's breakeven point.
Therefore, it is essential to consider tax implications in the breakeven analysis of a for-profit hospital, as they can significantly impact the hospital's financial performance and sustainability.
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what is the value of ln(-1)
Answers
Undefined
Explanation:
The natural logarithm of a negative number is undefined.
PLEASEEEE HELPPPPP.!!!!What is the term applied to an integrated approach to managing a company's
interaction with its customers?
A. Innovation
B. Customer relationship management
C. Big data
D. Customer support
SUBMIT
Answers
Answer:
the answer is B
Explanation:
I have did that before just trust me
The term applied to an integrated approach to managing a company's interaction with its customers is Customer relationship management. Thus, the correct answer is option B.
What is Customer relationship management?Customer relationship management (CRM) is the process by which a company or other organization manages its interactions with customers, typically by analyzing large amounts of data.
CRM systems collect information from a variety of communication channels, such as a company's website, phone, email, marketing materials, and, more recently, social media. They enable businesses to learn more about their target audiences and how to best meet their needs, resulting in customer retention and sales growth.
Therefore, Customer relationship management is an integrated approach to managing a company's interaction with its customers.
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(c) This question was asked in a questionnaire, "Did you stop smoking?" What is the problem with the question and how can the question be rephrased. (15 marks)
Answers
The problem with the "Have you quit smoking?" question is that it assumes that the respondent has a binary choice, either to quit smoking or to quit smoking. 'What is your current smoking status?' the question be rephrased .
This open-ended question asks respondents whether they have quit smoking completely, reduced their smoking, or received other relevant information about their smoking habits. I can give you a comprehensive answer.
However, other possible scenarios, such as respondents reducing their smoking habits or temporarily quitting smoking, were not considered. "Have there been any recent changes in your smoking habits?
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Which part of the purchasing process includes the sum of money due in
payment for the goods?
A. Invoice
B. Payment
C. Requisition
D. Shipping
ANSWER: A. Invoice
Answers
Explanation:
it is a document given by the supplier,which contains
information on the quality,PRICE of goods sold
also date
well this is what ik,so hope it helps ig
Answer:
in voice
Explanation:
3. What is an annual percentage rate (APR)? Describe one similarity and one
difference between the APR and the interest rate on a credit card or loan. Why
would the APR differ from a creditor's posted interest rate? In your response, also
explain how borrowers can use the APR to evaluate loan options, and describe why
borrowers should be wary of low introductory APRs. (8 points)
7
Answers
An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.
What is annual percentage rate?The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge. An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.
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I don't have moey. What is the best job to get when you're in middle school?
Answers
Answer:
You can work at publix as a cashier. They acept 14 year olds. And ur in 8th grade as 14 which is in middle school.
Explanation:
This is the best job u can get as a kid
also brainlist me pls
Which is the most liquid asset?
A) jewelry
B) change jar
C) car
D) lake house
Answers
If Amazon’s CEO Jeff Bezos put you in charge of human resources, what would you do?
Answers
Answer: first i would destroy the human race. aliens are the good people. i would fly to saturn and open up a amazon store and sell wet wipes
Explanation: