Calculate the projected balance of cash at the end of August.
Berman Company is preparing its budget for the third quarter. Cash balance on July 31 was $34,000.
Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional
budgeted data are provided here:
A) $16,000
B) $104,000
C) $45,000
D) $38,000
D) $38,000
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Indicate whether the statement is true or false
Cronie Enterprises purchased 10,000 shares of stock in Vector Corporation for $15 per share. Cronie's broker arranged for Cronie to pay only $4 cash per share at the date of purchase with the remaining balance to be paid in monthly installments. Cronie should record the investment by:
a. debiting the investment account for $40,000. b. debiting the investment account for $150,000. c. debiting the investment account for $100,000, and crediting a contra account for $60,000. d. not making an entry until the cost of the securities is paid in full.
______ is a feeling of well-being and acceptance of your own place in the organization.
A. Productivity B. Enthusiasm C. Job growth D. Job satisfaction
A company's manager estimates that in the upcoming year, increasing advertising costs by $25,000 will cause sales revenue to increase by $60,000. If the company's contribution margin ratio is 35%, what will be overall effect on net operating income?
A) Net operating income will increase by $12,250. B) Net operating income will increase by $29,750. C) Net operating income will increase by $35,000. D) Net operating income will decrease by $4,000.