Marsh provides you with the following information for April:

April Cash Sales $300,000

April Credit Sales$800,000- 80% of credit sales are collected in the month of sale; 20% of credit sales are collected in the month following the month of sale. - Cash outlays for Operating Costs and Inventory are expected to be $600,000 for April. April cash outlays for salaries are expected to be $400,000.- Marsh will pay cash dividends to shareholders in April in the amount of $250,000.- Marsh expects to sell a food processor machine in April for $75,000. They expect to collect the cash proceeds in April. - Marsh's April 1 cash balance is $100,000.- Marsh has outstanding receivables of $120,000 on April 1, all of which are expected to be collected in April. - Marsh would like to have a minimum cash balance of $100,000 at the end of each month. If their end of month balance drops below $100,000, they can borrow money from the bank using a $1,000,000 line of credit at a rate of 12% per annum (1% per month. Loan assumed to be borrowed at the beginning of the month. Interest paid at the end of the month the loan is repaid).After preparing a Cash Receipts and Disbursements budget, how much money, if any, must Marsh borrow from its line of credit in APRIL to meet their minimum cash requirement of $100,000?Select one: a. Hy-Vee does not need to borrow any money in April as their end of month cash balance exceeds $100,000 b. None of the other answers are correct c. Hy-Vee must borrow $15,000 in April to meet minimum cash requirementsd. Hy-Vee must borrow $115,000 in April to meet minimum cash requirementse. Hy-Vee must borrow $200,000 in April to meet minimum cash requirements

Manning Co is considering the purchase of a widget machine. The machine will cost $320,000 today and have an eight-year useful life.

At the end of its useful life the machine will have a salvage value of zero.

Manning estimates the machine will provide the following annual net operating income as follows:

Cash Inflows:Sales Revenues $200,000Cash Outflows:Commissions (100,000) Insurance ( 7,000) Maintenance( 18,000)Net Cash Inflows $75,000Depreciation Expense(35,000)Net Operating Income $40,000

Compute Manning's SIMPLE RATE OF RETURN (round to nearest hundredth).Select one: a. None of the other answers are correct b. 18.75% c. 23.44% d. 10% e. 12.50%

Burger has provided you with the following data concerning its operation:

Budget:

Unit Sales: 10,000 units

Sales Price $15.00/unit sold

Wages $5.00/unit sold

Raw Materials $2.00/unit sold+$7,000

Rent Expense $3,000

Actual revenues and expenses for the9,500units actually sold during the period are:Sales Revenues $145,000

Wages $45,000

Raw Materials $24,000

Rent $2,700Provide Burger's SALES ACTIVITY AND REVENUE VARIANCES.Select one: a. None of the other answers are correct b.Sales Activity Variance:$5,000 Unfavorable

Sales Revenue Variance:$1,000 Favorable c.Sales Activity Variance: $7,500 Unfavorable

Sales Revenue Variance:$2,500 Favorable d.Sales Activity Variance:$7,500 Favorable

Sales Revenue Variance:$2,500 Unfavorable e.Sales Activity Variance:$5,000 Unfavorable

Sales Revenue Variance:$7,500 Favorable

Arco has provided you with the following data concerning its operation:

Budget:

Unit Sales: 10,000 units

Sales Price $15.00/unit sold

Wages $5.00/unit sold

Raw Materials $2.00/unit sold+$7,000

Rent Expense $3,000

Actual revenues and expenses for the 9,500 units actually sold during the period are:Sales Revenues $145,000

Wages $45,000

Raw Materials $24,000

Rent $2,700Provide Arco's Raw Materials QUANTITY AND SPENDING VARIANCES.Select one: a. None of the other answers are correct b.Raw Material Quantity Variance: $1,000 UnfavorableRaw Material Spending Variance:$2,000 Unfavorable c.Raw Material Quantity Variance:$3,000 Favorable

Raw Material Spending Variance:$2,000 Unfavorable d.Raw Material Quantity Variance:$1,000 Unfavorable

Raw Material Spending Variance:$3,000 Favorable e.Raw Material Quantity Variance:$1,000 Favorable

Raw Material Spending Variance:$2,000 Favorable

Arthur produces a commercial cleaning compound called Theo. The direct labor standard costs for one unit of Theo are given below

Standard Quantity per unit: 0.20 direct labor hours per unit

Standard Cost $2.80 per unit

750 Direct Labor Hours were actually incurred and recorded at a total labor cost of $2,200 to produce 4,000 units of Theo.Compute the DIRECT LABOR Efficiency and Rate variances and state whether each variance is Favorable or Unfavorable.Select one:a. None of the other answers are correct b.Direct Labor Efficiency Variance:$140 Unfavorable;

Direct Labor Rate Variance:$100 Favorable c.Direct Labor Efficiency Variance:$140 Favorable;

Direct Labor Rate Variance:$100 Unfavorable d.Direct Labor Efficiency Variance:$40 Favorable;

Direct Labor Rate Variance:$140 Unfavorable e.Direct Labor Efficiency Variance:$320 Favorable;

Direct Labor Rate Variance:$280 Unfavorable