Accounting Multiple Choice Questions x 3

Nobell Inc. has a cash balance of $20,000 on April 1, 2015. They are now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows. There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May. The income statement for Eagle Inc. divided by its two product lines--blankets and pillows--is as follows. If total fixed costs remain unchanged and Eagle Inc. drops the pillows line, operating income will fall by $70,000. Macaulay Company has three product lines--D, E, and F. The following information is available. Macaulay Company is thinking of dropping product line F because it is reporting an operating loss. Assume that $25,000 of total fixed costs could be eliminated by dropping F. What effect would this decision have on operating income