The Blackbird Company estimates the following cash payments for the month of July: Total Direct Materials Purchases: July $635,000, June $500,000, May $575,000 Total Direct Labor $67,000 Other Manufacturing Costs (Including Depreciation $25,000 ) $160,000 Selling and Administrative Expenses $55,000 Capital Additions $50,000 Dividends to Stockholders $30,000 It is estimated that Material Purchases
are paid at a rate of 70% in the month of purchase, with the remainder paid the following month. All other expenses are paid in the month they occur.
A) $956,500
B) $931,500
C) $972,000
D) $997,000
B
You might also like to view...
Which of the following does the Money Laundering Control Act prohibit?
A. the use of mails or wires to defraud another person B. knowingly engaging in a financial transaction involving the proceeds of an unlawful activity C. obtaining property from another, with his or her consent, induced by wrongful use of actual or threatened force D. the fraudulent conversion of property by a person to whom that property was entrusted
At Acme Global, customer service is an important priority. However, Michael’s latest performance appraisal focused on his lack of critical thinking and his lack of knowledge of the company’s technology. What aspect of good performance appraisals does Michael’s appraisal appear to be missing?
A. Valid B. Based on mission and objectives C. Accepted D. Feasible E. Positivity
Companies are not permitted to issue licenses by e-commerce
Indicate whether the statement is true or false
A _______ _________ system is a system that provides meaningful information to managers to use in decision making.
Fill in the blank(s) with the appropriate word(s).