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Company XYZ made total sales of $250,000 during the month of December. The company also incurred total expenses of $230,000. Of that amount 60%
Company XYZ made total sales of $250,000 during the month of December. The company also incurred total expenses of $230,000. Of that amount 60% was fixed expenses. Company XYZ expects sales to increase by 14% next month. What is the expected operating profit, in ($) value, next month? Select one: O a. 22,800 O b. 158,000 Oc. None of the given answers O d. 42,120 O e. 20,000 XYZ company is preparing its cash budget for the first quarter of the year. It has $10,000 in cash at the beginning of the period. Cash collections from customers for the quarter are budgeted at $28,000. Cash payment during the quarter for inventory purchases are budgeted at $25,000. The desired cash balance at the end of the quarter is $6,000. Other operating expenses for the quarter are budgeted at $20,000, which includes $3,000 depreciation. Cash expenses are paid in the month incurred. How much borrowing will the company need during the quarter? Select one: Oa. $2,000 O b. None of the given answers O c. $13,000 Od. $10,000 Oe. $16,000 0
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