Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. January February March Cash Receipts $ 517,000 403,000 473,000 Cash payments $ 460,500 346,500 527,000 Kayak requires a minimum cash balance of $40,000 at each month-end. The company can borrow money at a monthly interest rate of 1%, paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $40,000 is used to repay loans at month-end. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) KAYAK COMPANY Cash Budget January $ 40,000 February March Beginning cash balance Total cash available Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance $ 80,000 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance, end of month Data below are from recent annual reports for Samsung, Apple, and Google. Samsung Current Year Prior Year $ 197,690,938,000 $ 209,163, 262,000 98,753 101,546 Apple Current Year $ 260,174,000,000 137,000 Google Current Year $ 161,857,000,000 118,899 Total revenue Total employees Required: 1. Compute revenue per employee for Samsung for the current year and the prior year. 2. Using revenue per employee, did Samsung's workforce become more effective in generating revenues in the current year versus the prior year? 3. Which company, Apple, Google, or Samsung, was most effective at generating revenue in the current year based on revenue per employee? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute revenue per employee for Samsung for the current year and the prior year. Samsung, Current Year Samsung, Prior Year Total revenue Number of employees Revenue per employee Required 1 Required 2 Required 3 Using revenue per employee, did Samsung's workforce become more effective in generating revenues in the current year versus the prior year? Samsung's workforce became at generating revenues in the current year. Required 1 Required 2 Required 3 Which company, Apple, Google, or Samsung, was most effective at generating revenue in the current year based on revenue per employee? Based on revenue per employee, workforce was most effective at generating revenues in the current year. Required 3 Required 1 Required 2 Required 3 Using revenue per employee, did Samsung's workforce become more effective in generating revenues in the current year versus the prior year? Samsung's workforce became at generating revenues in the current year. Required 1 Required 2 Required 3 Which company, Apple, Google, or Samsung, was most effective at generating revenue in the current year based on revenue per employee? Based on revenue per employee, workforce was most effective at generating revenues in the current year. Required 3
