Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tadeo Corp. has provided a part of its budget for the second quarter Cash collections Apr $40,000 May $42,000 Jun $50,000 Cash payments: Purchases of

Tadeo Corp. has provided a part of its budget for the second quarter Cash collections Apr $40,000 May $42,000 Jun $50,000 Cash payments: Purchases of direct materials 6,000 4,500 6,000 Operating expenses 7,000 6,000 -4,500 Capital expenditures 10,000 0 10,000 The cash balance on April 1 is $13.000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May. OA. $81,500 OB. $10,500 OC. $72,000 OD. $53,000 Tuscarora, Inc., a merchandising company, has the following budgeted figures: Feb $65,000 Mar $82,000 April $92,000 Sales Jan $56,400 Cost of goods sold 50% of sales $15,000+20% of Required ending inventory Inventory on hand on Jan 1 Calculate the budgeted purchases for the month of January. next month's sales $27,000 OA. $29,200 OB. $200 OC. $28,000 OD. $56,200 PC Solutions, Inc. provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 400 customers and camed $80,000 in revenue. The Individual business segment provided services to 300 customers and earned $45,000 in revenue. The variable costs for the corporate and individual business segments amounted to $32.500 and $25,000. respectively. In addition, the fixed costs of the company amounted to $8,000 Calculate the contribution margin from each customer of the individual business segment. (Round your answer to the nearest cent OA $68 751 OB. $40.00 OC. $66.07 OD. $48.75

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Thomson, South Western

22nd Edition

032464020X, 978-0324640205

More Books

Students also viewed these Accounting questions

Question

1. Prepare a flowchart of Dr. Mahalees service encounters.

Answered: 1 week ago