Homework Answers
Answer to Question no. 29
Correct option is E
Reason -
Cash budget basically shows the flow of cash from the receivables and also the lag in the payments and cumulative cash balance.
Payment for plant construction is put under the capital expenditure budget hence incorrect.
Answer to Question no. 30
Correct option is E
Reason -
Financial break-even point is the level of earnings before interest and taxes that will result in zero net income or zero earnings per share
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نه نو 29. Which of the following is (are) typically part of the cash budget? Payments...
Capital structure 28. Which of the following is a key determinant of financial leverage? Level of...
Capital structure 28. Which of the following is a key determinant of financial leverage? Level of debt Technology Labor costs b. c. Amount of fixed assets used by the firm. Variable cost of goods sold. d. e. 29. Which of the following is (are) typically part of the cash budget? Payments lag. Payment for plant construction Cumulative cash All of the above Only answers a and c above. 30. The financial breakeven point for a firm is defined as the...
27. Which of the following is a key determinant of operating leverage? Level of debt Physical...
27. Which of the following is a key determinant of operating leverage? Level of debt Physical location of production facilities. Cost of debt. Technology Capital structure, 28. Which of the following is a key determinant of financial leverage? Level of debt. Technology Labor costs. Amount of fixed assets used by the firm. Variable cost of goods sold. 29. Which of the following is (are) typically part of the cash budget? Payments lag. Payment for plant construction Cumulative cash All of...
elucescurate results unless which of the following 0. The projected balance sheet forecasting method condition(s) is...
elucescurate results unless which of the following 0. The projected balance sheet forecasting method condition(s) is (are) present? Fixed assets are "lumpy." Strong economies of scale are present. Excess capacity exists because of a temporary recession. Answers a, b, and call make the projected balance sheet method inaccurate. Answers a ande make the projected balance sheet method inaccurate, but, as the text explains, th assumption of increasing economies of scale is built into the projected balance sheet method. 27. Which...
26. The projected balance sheet forecasting method produces accurate results unless which of the following condition(s)...
26. The projected balance sheet forecasting method produces accurate results unless which of the following condition(s) is (are) present? Fixed assets are "lumpy." Strong economies of scale are present. c. Excess capacity exists because of a temporary recession. d. Answers a, b, and call make the projected balance sheet method inaccurate. Answers a and c make the projected balance sheet method inaccurate, but, as the text explain assumption of increasing economies of scale is built into the projected balance sheet...
ich of the following 25. Which of the following would be classified as a use of cash? An increase in accounts payab...
ich of the following 25. Which of the following would be classified as a use of cash? An increase in accounts payable. A decrease in marketable securities A decrease in accounts receivable. An increase in retained earnings An increase in inventories. 20. The projected balance sheet fonecasting method produces accurate results unless which of the follow scale are pres temporary recessheet method inaccurate as the condition(s) is (are) present? Fixed assets are "lumpy." Strong economies of scale are present. Excess...
Create These budgets: -selling and administrative expense budget -cash budget include a schedule of cash collections...
Create These budgets:
-selling and administrative expense budget
-cash budget include a schedule of cash collections and
payments
-finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma income statement (financial basis)
D) Pro forma balance sheet
E)Pro forma Income statement (variable cost basis)
F) Pro forma statement of retained earnings
G) breakeven analysis:...
Active Life Inc., a sports equipment retailer, needs to prepare a cash budget for the first...
Active Life Inc., a sports equipment retailer, needs to prepare a cash budget for the first quarter of 2018. The financial staff at Active Life has forecasted the following sales figures: January February March April May $100,000 $150,000 $300,000 $250,000 $150,000 Actual sales in October, November, and December 2017 were $125,000, $146,000, and $125,000, respectively. Cash sales are 40% of the total, and the rest are on credit. Under the current credit policy the firm expects to collect 60% of...
3. Which of the following is recorded in the cash payments journal? a. adjusting entry for...
3. Which of the following is recorded in the cash payments journal? a. adjusting entry for accrued salaries b. receipt of cash on supplies returned c. receipt of cash from services rendered d. payment of employees' salaries 4. When posting the column totals of a cash payments journal, a debit should be posted to a. Cash b. Accounts Payable c. Sales Discounts d. Unearned Revenue 5. Generally, the revenue account for a merchandising business is entitled a. Sales b. Net...
create the initial documents for the master budget: • sales budget • production budget • direct...
create the initial documents for the master budget:
• sales budget
• production budget
• direct materials purchases budget
• direct labor budget
• overhead budget
• selling and administrative expense budget
• cash budget include a schedule of cash collections and
payments
• finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma...
I need to do a cash receipts, cash payments, and cash budget, and a budgeted Balance...
I need to do a cash receipts, cash payments, and cash budget,
and a budgeted Balance Sheet with the above info.
I did it myself already, but my numbers arent adding up.
Edit: the balance sheet isnt adding up. I'm having trouble on
the cash account entry. The wording on the accounts payable/accrued
liability calculation is weird(f).Yes, cash is given for the
previous quarter at 100,000.
Edit2: Did u make a balance sheet, and then realize it didnt
match? If...
Capital structure 28. Which of the following is a key determinant of financial leverage? Level of debt Technology Labor costs b. c. Amount of fixed assets used by the firm. Variable cost of goods sold. d. e. 29. Which of the following is (are) typically part of the cash budget? Payments lag. Payment for plant construction Cumulative cash All of the above Only answers a and c above. 30. The financial breakeven point for a firm is defined as the...
27. Which of the following is a key determinant of operating leverage? Level of debt Physical location of production facilities. Cost of debt. Technology Capital structure, 28. Which of the following is a key determinant of financial leverage? Level of debt. Technology Labor costs. Amount of fixed assets used by the firm. Variable cost of goods sold. 29. Which of the following is (are) typically part of the cash budget? Payments lag. Payment for plant construction Cumulative cash All of...
elucescurate results unless which of the following 0. The projected balance sheet forecasting method condition(s) is (are) present? Fixed assets are "lumpy." Strong economies of scale are present. Excess capacity exists because of a temporary recession. Answers a, b, and call make the projected balance sheet method inaccurate. Answers a ande make the projected balance sheet method inaccurate, but, as the text explains, th assumption of increasing economies of scale is built into the projected balance sheet method. 27. Which...
26. The projected balance sheet forecasting method produces accurate results unless which of the following condition(s) is (are) present? Fixed assets are "lumpy." Strong economies of scale are present. c. Excess capacity exists because of a temporary recession. d. Answers a, b, and call make the projected balance sheet method inaccurate. Answers a and c make the projected balance sheet method inaccurate, but, as the text explain assumption of increasing economies of scale is built into the projected balance sheet...
ich of the following 25. Which of the following would be classified as a use of cash? An increase in accounts payable. A decrease in marketable securities A decrease in accounts receivable. An increase in retained earnings An increase in inventories. 20. The projected balance sheet fonecasting method produces accurate results unless which of the follow scale are pres temporary recessheet method inaccurate as the condition(s) is (are) present? Fixed assets are "lumpy." Strong economies of scale are present. Excess...
Create These budgets:
-selling and administrative expense budget
-cash budget include a schedule of cash collections and
payments
-finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma income statement (financial basis)
D) Pro forma balance sheet
E)Pro forma Income statement (variable cost basis)
F) Pro forma statement of retained earnings
G) breakeven analysis:...
Active Life Inc., a sports equipment retailer, needs to prepare a cash budget for the first quarter of 2018. The financial staff at Active Life has forecasted the following sales figures: January February March April May $100,000 $150,000 $300,000 $250,000 $150,000 Actual sales in October, November, and December 2017 were $125,000, $146,000, and $125,000, respectively. Cash sales are 40% of the total, and the rest are on credit. Under the current credit policy the firm expects to collect 60% of...
3. Which of the following is recorded in the cash payments journal? a. adjusting entry for accrued salaries b. receipt of cash on supplies returned c. receipt of cash from services rendered d. payment of employees' salaries 4. When posting the column totals of a cash payments journal, a debit should be posted to a. Cash b. Accounts Payable c. Sales Discounts d. Unearned Revenue 5. Generally, the revenue account for a merchandising business is entitled a. Sales b. Net...
create the initial documents for the master budget:
• sales budget
• production budget
• direct materials purchases budget
• direct labor budget
• overhead budget
• selling and administrative expense budget
• cash budget include a schedule of cash collections and
payments
• finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma...
I need to do a cash receipts, cash payments, and cash budget,
and a budgeted Balance Sheet with the above info.
I did it myself already, but my numbers arent adding up.
Edit: the balance sheet isnt adding up. I'm having trouble on
the cash account entry. The wording on the accounts payable/accrued
liability calculation is weird(f).Yes, cash is given for the
previous quarter at 100,000.
Edit2: Did u make a balance sheet, and then realize it didnt
match? If...
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