Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:



Sales are budgeted at $260,000 for November, $240,000 for December, and $230,000 for January.
Collections are expected to be 55% in the month of sale and 45% in the month following the sale.
The cost of goods sold is 80% of sales.
The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
Other monthly expenses to be paid in cash are $23,200.
Monthly depreciation is $14,200.
Ignore taxes.


Balance Sheet
October 31
Assets
Cash $ 22,000
Accounts receivable 72,000
Merchandise inventory 145,600
Property, plant and equipment, net of $574,000 accumulated depreciation 1,096,000
Total assets $ 1,335,600

Liabilities and Stockholders' Equity
Accounts payable $ 256,000
Common stock 822,000
Retained earnings 257,600
Total liabilities and stockholders' equity $ 1,335,600



The difference between cash receipts and cash disbursements for December would be:

Answers

Answer 1
It’s gonna be truu boss

Related Questions

When companies adopt the strategy formulation, strategy execution process, the first step is to Group of answer choices develop a strategic vision, mission, and values. execute the company's chosen strategy efficiently and effectively. adopt a proven business model, decide on the company's top management team, and craft a strategy. set objectives and develop a profitable business model to meet those objectives. monitor internal and external developments and initiate corrective adjustments to the business model when necessary.

Answers

Answer:

develop a strategic vision, mission, and values.

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

On a related note, when companies adopt the strategy formulation, strategy execution process; the first step is to develop a strategic vision, mission, and values that would effectively and efficiently help it in achieving its aim, goals, objectives, and procedures in order to enhance the survival, growth, and overall effectiveness of a business firm.

How can decision-making skills help me achieve my goals?

Answers

Answer:

Put forward objectives that you need to achieve. To be roused to really accomplish your objectives, they should be founded on the data that you considered during the dynamic interaction. Stage 2: Consider your objectives mindfully to guarantee that they don't negate one another.

Answer:

It helps you be more experienced when it comes to making tough decisions

Explanation:

The reason decision making skills can help you achieve your goals is by making you focus on what you need to do to be able to complete whatever obstacle you need to cross. Imagine you didn't have any decision making skills at all. One day you will come across some sort of situation where you would need to make a decision, for example lets say that you are a manager at an office building and there is an office worker who just doesn't do their job. There is another person who wants to work there and they are more hardworking than the lazy worker but there is no positions available. Your decision making skills would help you decide whether to fire the lazy worker so that the hard worker gets the job, or if you would let the lazy worker keep working there and the lazy worker does nothing productive for the company.

Hope this helps and wasn't too confusing.

. Suppose the market for personal computers in country A is monopolistically competitive. Country A exports as well as imports personal computers from the rest of the world. After full adjustment to the opening of trade, a firm in this industry which enjoys scale economies will: A. receive a higher price for its product. B. receive a lower price for its product. C. enjoy a greater market share. D. ultimately go out of business. __________ 16. The clustering of

Answers

Answer: B. receive a lower price for its product

Explanation:

Monopolistic competition is a market structure whereby the elements of both monopoly and competitive markets are combined. In such market structure, there are many producers in the market but they're selling differentiated products.

In this case, due to the fact that there's freedom of entry and exit, there'll be more firms coming into the market due to the supernormal profit which is made at first but in the long run, a lower price will be received for goods and services as there are many sellers in the market. Therefore, a normal profit will be made.

Brian owns a parcel of land that is encumbered by a mortgage held by the First International Bank. Brian agrees to sell the land to Piercel for $350,000. Brian and Pierce together go to the First International Bank to discuss the sale and purchase with the banker. Brian, Pierce, and the banker sign an agreement stating that Pierce will assume the mortgage and that Brian will be discharged from all further liability on the mortgage. In this case:
a, the bank can collect from Brian if Plerce defaults.
b. the bank is a third party donee beneficiary,
c. the agreement among the three is a novation.
d. Brian is a third party beneficiary of the agreement between Pierce and the bank.

Answers

Answer: c. the agreement among the three is a novation.

Explanation:

A novation refers to a situation whereby a party to a contract is replaced by another party. That means that the duties and benefits of the party being replaced will be passed on to the new party to the contract.

In this scenario, Brian was replaced in the mortgage contract by Pierce and Pierce assumed all liability related to the land in question. This is therefore a novation.

Either Worker A or Worker B will produce $20,000 of output for Employer X (who only needs one worker). Worker A could produce $12,000 worth of goods elsewhere (this is Worker A's best alternative); Worker B could produce $15,000 worth of goods elsewhere (this is Worker B's best alternative). Which of the following (if they occur) is not Pareto Efficient in the sense that gainers cannot compensate losers for their losses?

A) Employer X hires Worker A for $14,000.
B) Employer X hires Worker A for $18,000.
C) Employer X hires Worker A for $5,000.
D) Employer X hires Worker B for $18,000.

Answers

Answer: D. Employer X hires Worker B for $18,000.

Explanation:

Pareto efficiency simply means that the resources uses in an economy are allocated in the most economically efficient manner. In such scenario, no change can be made without having to make someone worse off.

Based on the information, it'll not be Pareto efficient if Employer X hires Worker B for $18,000 since Worker B could produce $15,000 worth of goods elsewhere compared to worker A who can produce $12000 worth of goods.

What is the answer?? No links

Answers

Answer:

c

Explanation:

get big brain kid not good kid get better bro

The answer is actually B. Congress passed the act on July 30, 1953. I hope this helps!!

What formula would be used to add two cells together after the equal sign?
A. Column#Row#-Column#Row#
B. Row#Column#+Row#Column#
C. Row#Column#+Column#Row#
D. Column#Row#+Column#Row#

Answers

Answer:

D. Column#Row#+Column#Row#

Explanation:

A spreadsheet can be defined as a file or document which comprises of cells in a tabulated format (rows and columns) typically used for formatting, arranging, analyzing, storing, calculating and sorting data on computer systems through the use of Microsoft Excel.

Microsoft Excel is a software application or program designed and developed by Microsoft Inc., for analyzing and visualizing spreadsheet documents.

In Microsoft Excel, the SUMIF function is a function that is designed to used to sum cells that meet criteria such as text, dates, and numbers. Also, this function can be used with the following logical operators; <, >, and =.

On a related note, the formula that would be used to add two cells together after the equal sign is Column#Row#+Column#Row#.

For example, A10B2 + A14B3.

Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of authority indicating that only Eleonore has the authority to buy and sell horses on behalf of the partnership. James, a regular customer who was unaware of the statement of authority, asks Henry if he can buy one of the horses from the partnership. Henry agrees to sell James a horse. When Eleonore finds out about the sale, she is furious, and demands that Henry retrieve the horse from James. Is Henry's sale of the horse binding

Answers

Answer:

Yes, because Henry had authority to sell the horse

Explanation:

In the given scenario Henry had apparent authority to sell the horse.

Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.

James rightly assumed Henry had the power to sell the horse.

So the sale of the horse is binding on Eleonore.

The Fed can reduce the federal funds rate by a. decreasing the money supply. To decrease the money supply it could buy bonds. b. increasing the money supply. To increase the money supply it could sell bonds. c. increasing the money supply. To increase the money supply it could buy bonds. d. decreasing the money supply. To decrease the money supply it could sell bonds.

Answers

Answer:

c. increasing the money supply. To increase the money supply it could buy bonds.

Explanation:

In the case when fed wants to decreased the rate related to the federal funds so here the money supply should be increased also in order to increased the money supply we need to purchased the bonds

Moreover, the increase in money supply should be equivalent to the reduction in the interest rate

Therefore the option c is correct

Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond local markets. The government has committed significant resources to encourage small firms to go online. Small firms are often "tech savvy", which allows them to embrace innovations more quickly. Large firms have complex business plans that fail to direct investment toward the Internet.

Answers

Answer:

Without e-commerce, small firms often lack the resources to expand beyond local markets.

Explanation:

In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.

Generally, e-commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Business to Consumer (B2C).

3. Business to Government (B2G).

4. Consumer to Consumer (C2C).

Without e-commerce, small firms who predominantly lack the resources to expand beyond local markets unlike larger business firm wouldn't be able to grow and develop into penetrating global markets.

The current controllable margin for Henry Division is $48000. Its current operating assets are $300000. The division is considering purchasing equipment for $90000 that will increase annual controllable margin by an estimated $5000. If the equipment is purchased, what will happen to the return on investment for Henry Division?

Answers

Answer:

8.36% Increase

Explanation:

Calculation to determine what will happen to the return on investment for Henry Division

First step is to determine the return on investment using this formula

Return on investment = (Controllable margin ÷ Operating assets) × 100

Let plug in the formula

Return on investment= ($48,000 ÷ $300,000) × 100

Return on investment= 16%

Second step is to determine the new controllable margin

New controllable margin= $90,000 + $5,000

New controllable margin= $95,000

Third step is to calculate the new operating assets

New operating assets= $300,000 + $90,000

New operating assets= $390,000

Fourth step is to calculate new return on investment

New return on investment = ($95,000 ÷ $390,000) × 100

New return on investment =24.36%

Now let determine what will happen to the return on investment for Henry Division

Return on investment = 16% - 24.36%

Return on investment= 8.36% Increase

Therefore what will happen to the return on investment for Henry Division will be 8.36% Increase.

Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and paid installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment

Answers

Answer:

the total cost of the new equipment is $105,500

Explanation:

The computation of the total cost of the new equipment is given below:

Total cost of the new equipment is

= Net price + Sales tax + Installation charges + Payment for concrete slab

= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000

= $105,500

Hence, the total cost of the new equipment is $105,500

Which of the following is a disadvantage of a sole proprietorship?

Question 1 options:



A: The owner has unlimited liability for the debts of the business.




B: Proprietors are their own bosses and can work their own hours.




C: It's the least expensive type of business organization to create.




D: The owner gets to decide what to do with all of the profits made.

Answers

Answer: la D

Explanation:

The disadvantage of a sole proprietorship is The owner has unlimited liability for the debts of the business. Option A is the correct answer.

A sole proprietorship is a type of business organization where a single individual owns and operates the business. While there are advantages to this form of business, such as being your own boss and having control over the business decisions, there are also disadvantages. Option A is the correct answer.

One of the main disadvantages is unlimited liability. In a sole proprietorship, the owner is personally responsible for all debts and obligations of the business. This means that if the business incurs significant debts or legal issues, the owner's personal assets may be at risk. For example, if the business fails to repay a loan, the owner's personal assets, such as their house or savings, could be used to satisfy the debt.

Learn more about Sole Proprietorship here:

https://brainly.com/question/12913114

#SPJ2

Your younger sister is just starting high school, and 4 years from today she should be entering college. Your father plans to start a college fund for her, beginning today. He will invest $6,000 per year in a mutual fund, beginning today, and he expects to earn an annual return of 9%. What is the expected value of the college fund when your sister enters college

Answers

Answer:

$29,908.26

Explanation:

The formula for calculating future value:

FV = P (1 + r) nm

FV = Future value  

P = Present value  

R = interest rate  

m = number of compounding

N = number of years  

Present value value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow from year 0 to 3 = 6000

I = 9%

PV = 21,187.77

FV = 21,187.77 X (1,09)^4

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Vince’s Vehicle Repairs has a gross profit margin of 60% and a net profit margin of 22%. Turnover was £180000. Calculate:
Cost of sales

Answers

Answer:

Vince's Vehicle Repairs

The Cost of Sales is:

= $72,000.

Explanation:

a) Data and Calculations:

Turnover = $180,000

Gross profit margin = 60%

Net profit margin = 22%

Gross profit margin = Gross profit/Turnover * 100

60% = Gross Profit/$180,000 * 100

Therefore, the Gross Profit = $180,000 * 60%

Gross Profit = $108,000

Cost of sales = Turnover - Gross profit (100% - 60%)

Cost of sales = $180,000 - $108,000

= $72,000

Alternatively, Cost of Sales:

= $180,000 * (100% - 60%)

= $72,000

When auditing accounting data, auditors focus on Group of answer choices determining if fraud has occurred. determining whether recorded information properly reflects the economic events that occurred during the accounting period. analyzing the financial information to be sure that it complies with government requirements. determining if taxable income has been calculated correctly.

Answers

Answer:

determining whether recorded information properly reflects the economic events that occurred during the accounting period.

Explanation:

Auditng is an independent examination of the financial records of an organisation to determine if the records conform if recorded information properly reflects the economic events that occurred during the accounting period.

It is used to determine if financial records accurately represent the financial position of an organisation in a given period

types of audit : external audits, internal audits, and Internal Revenue Service (IRS) audits.  

Carlos tiene $40.00 para gastar a la semana en almuerzos y copas de vinos. El precio de cada almuerzo es de $8.00 y el precio de cada copa de vino es de $4.00.

La siguiente tabla presenta la utilidad total de Carlos relacionada con los almuerzos y las copas de vinos.

Answers

Answer:

Carlos gastará $12.00 al día para almuerzos y copas de vino.

Sox Corporation purchased a 30% interest in Hack Corporation for $1,825,000 on January 1, 2021. On November 1, 2021, Hack declared and paid $2.3 million in dividends. On December 31, Hack reported a net loss of $4.4 million for the year. What amount of loss should Sox report on its income statement for 2021 relative to its investment in Hack

Answers

Answer:

the loss reported is $1,135,000

Explanation:

The computation of the amount of loss reported is shown below:

Investment cost $1,825,000  

Less: Share of Dividends received -$690,000 ($2,300,000 × 30%)  

Carrying value of investment $1,135,000  

Share of net loss $1,320,000  ($4,400,000 × 30%)

It should be limited to the carrying value of an investment

Hence, the loss reported is $1,135,000

Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company. Individual responsibility and the importance of innovation are Group of answer choices diverse perspectives. focused values. enacted values. espoused values. analytics.

Answers

Answer:

Espoused values

Explanation:

From the question we are informed

Hewlett-Packard founders David Packard and William Hewlett who strived to create a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company. Individual responsibility and the importance of innovation are Espoused values.

Espoused values can be regarded as values which is been expressed on behalf of a particular organization, it could also be values that is been

attributed by senior managers of an organization in public statements

to that particular organization. Theses statement could be annual reports of the firm. These values are practical results of values been espoused through members of an organization.

The acquisition cost of a plant asset does not include multiple choice incidental costs, such as title fees, sales commissions, legal fees, and so on. repair costs resulting from damage to the plant asset while it was being unpacked. all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. costs incurred to modify or customize the new plant asset.

Answers

Answer:

The answer is ' repair costs resulting from damage to the plant asset while it was being unpacked'

Explanation:

The acquisition cost of a plant asset does not include repair costs resulting from damage to the plant asset while it was being unpacked. Why? - Because this doesn't lead to the improvement of the asset.

Acquisition costs comprise the commission paid, legal fees, cost of improving the assets and all necessary cost paid to get the assets running.

Based on its perceived riskiness, the annual required rate of return is 11.5% for shares of Cyberdyne Inc. The company just paid their annual dividend of $8.69 a share. Analysts predict that the dividend will grow at an annual rate of 6.1%. What is the estimated price of the stock in 5 years, using the Dividend Discount Model

Answers

Answer:

the  estimated price of the stock in 5 years, using the Dividend Discount Model is $216.38

Explanation:

The calculation of the estimated price of the stock in 5 years is given below:

= 5th Year dividend ÷ (Required return - Growth Rate)

Dividend at year 5 should be

=Dividend at year 0 × (1 + Growth Rate)^5          

= $8.69 × (1.061)^5 ÷ (0.11.5 - 0.061)

= $216.38

Hence, the  estimated price of the stock in 5 years, using the Dividend Discount Model is $216.38

what are the different levels of profession​

Answers

Answer:

the different levels of profession are:

medium level profession

high level profession

In his speech the previous day, the new CEO had discussed his experience in the industry and his education. Carrie thought that the new CEO would do a great job given these characteristics, coupled with his good oratory skills and the fact that he just looked like a CEO. Carrie realized that she had been judging the new CEO in a manner consistent with the

Answers

Answer:

trait

Explanation:

Trait leadership means the personal attribute pattern that could be integrated and the same should be reflected the individual differences range also it foster the consistency leader effectiveness for different group and the organization situation

so as per the given situation, it is a trait leadership theory

The same should be considered and relevant

Information technology, especially the use of networks, can help firms lower the cost of market participation, making it worthwhile for firms to contract with external suppliers instead of using internal sources. Similarly, technology, by reducing the costs of acquiring and analyzing information, permits organizations to reduce costs because it becomes easier for managers to oversee a greater number of employees. According to agency theory, __________.

Answers

Answer:

According to agency theory, a principal's and an agent's interests do not always coincide.

Explanation:

An agency relationship is formed when "agents" (workers) are hired by a principal (owner) to carry out work for him.

However, rather than a homogeneous, profit-maximizing organization, the business is seen as a "nexus of contracts" among self-interested individuals.

Therefore, according to agency theory, a principal's and an agent's interests do not always coincide.

What is the difference between economic profit and producer​ surplus? A. Economic profit includes opportunity costs but producer surplus does not. B. Producer surplus includes variable costs but economic profit does not. C. Economic profit includes fixed costs but producer surplus does not. D. Economic profit includes marginal costs but producer surplus does not. E. Economic profit includes government taxes but producer surplus does not.

Answers

Answer:

c

Explanation:

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

Economic cost is accounting profit less implicit cost

Accounting profit= total revenue - explicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per year to get their services on demand. She sends out this request to a plumbing website where multiple plumbing firms respond with their prices. Rhonda will choose the lowest price offer. This is an example of what

Answers

Answer:

competitive bid.

Explanation:

This is an example of competitive bid.

During its 2021 fiscal year, Jacobsen Corporation reported before-tax income of $624,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain$204,000 Loss on discontinued operations(304,000)The company's income tax rate is 25%. Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2021 income statement, Jacobsen would report income from continuing operations of:

Answers

Answer:

the income from continuing operations reported is $777,000

Explanation:

The calculation fo the income from continuing operations reported is shown below:

= Before tax income + unusual gains × (1 - tax rate)

= $624,000 + $204,000 × (1 - 0.25)

= $624,000 + $153,000

= $777,000

hence, the income from continuing operations reported is $777,000

I have a

Debit card
The internet
An email

What is a way I can make money from home but under 18.

Answers

Answer:

start animation or selling online

A medical supply company made transfers of property to a state hospital after the company was insolvent. Subsequently, the company filed for bankruptcy in federal bankruptcy court. The bankruptcy trustee, acting pursuant to the federal Bankruptcy Act, sought to recover those transfers. The state hospital, refusing to comply with the trustee's request, asserted that, as a state entity, it was immune from suit by a private individual, despite a provision in the Bankruptcy Act that abrogated state immunity with respect to such transfers. Can the trustee force the state to turn over the transferred property

Answers

Answer: Yes, because Congress was acting pursuant to the Bankruptcy Clause of Article I, Section 8, Clause 4, in subjecting the state to the Bankruptcy Act.

Explanation:

Bankruptcy Clause of Article I, Section 8, Clause 4 also know as uniform rule of naturalization states to establish a uniform rule of naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States; ArtI.S8.C4.1 Naturalization Power.

The trustee can force the state to turn over the transferred property because they act on force the state to turn over the transferred property

Organizations must continually train their employees because: a. the importance of satisfying certification requirements has increased. b. employees' productivity decreases with time. c. the legislation on providing ethnocentric training to workers has become stringent. d. organizational training has a positive relationship with employee turnover rates.

Answers

Answer:

b. employees' productivity decreases with time

Explanation:

In the case when the organization trained to the employees on the continuity basis so this can be done because the productivity of an employees could be decreased as per the time

So in order not to decreased the productivity so the organization trained their employees on continuity basis

Therefore the option b is correct

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How many marbles do they have between them?(A) 18(B) 6(C) 8(E) 16 I need help with coming up with a thesis for Wonder Woman and Black Panther, I want the focus to be about each of their compassion I just don't know how to piece together a good thesis statement for my essay. Pls help thank u :) _ _ _ i had a headache, I enjoyed the movie.(although/despite/however) 7. Which expression is equivalent to the expression (5.5 X 107)(3.2 x 10') 2 X 105 A. 8.8 x 1011 B. 8.8 x 1021 C. 1.74 x 105 D. 1.74 x 1017 HELP PLEASE A tuning fork with a period of 1.95 x 10-3 is struck at the same time as a guitarstring. If 24 beats are heard in 6.0 s, find the possible frequency or frequencies of the guitar string. What are the unfamiliar words that are key to understand the text? Provide 5 and explain the meaning based on the context of the sentence. PLZZZ HELPPP!! And also plz explain how to do this too me!! 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Is it close to the expected value?(g) Compute the standard deviation of the number ofmale survivors in the 100 simulations of the probability experiment. Compare the result to thetheoretical standard deviation of the probability distribution Please help! There is 2 questions in this pic! Thank you so much to whoever helps me I. The Food and Drug Administration (FDA) educates the public about food.A. The information the FDA provides helps consumers stay safe.B. The FDA educates consumers in different ways.II. The FDA labels processed foods.A. FDA labels identify the ingredients used to make products.B. FDA labels explain the nutrition content of food.C. FDA labels explain if the product might harm people who have allergies.III. The FDA warns the public about harmful food.A. The FDA issues a warning when a foodborne illness breaks out.B. The FDA tells consumers which foods to avoid.C. The FDA tells consumers what to do if they get sick.IV. 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