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1a. 1b 1b. 1b. 1b. 1c. 1d. Managerial Accounting does all of the following EXCEPT: Multiple Choice emphasizes relevance must follow GAAP reports tomanagers inside
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Managerial Accounting does all of the following EXCEPT: Multiple Choice emphasizes relevance must follow GAAP reports tomanagers inside the organization for planning, controlling and decision making emhasizes deisions affecting the future A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 225,000 $1,035,000 $ 421,000 $ 280,000 $ 29,000 $ 220,000 $ 85,000 What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $2.60 per unit 0 $2.00 per unit 0 $4.60 per unit 0 $0.62 per unit Sparks Corporation has a cash balance of $12,300 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $56,000. Cash disbursements during the month are expected to total $64,000. Ignoring interest payments, during April the company will need to borrow: Multiple Choice O $4,300 O $10,000 O $8,000 O $5,700 The BRS Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale The following sales have been budgeted: April May June Sales $170,000 $190,000 $180,000 Budgeted cash collections in June would be: Multiple Choice 0 $180,510 0 $180,000 $18 0 $179,300 C $184,400Step by Step Solution
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