The following information is from tejas windowtint’s financial records. month sales purchasesapril $ 76,000 $ 51,000 may 72,000 47,000 june 69,000 35,000 july 75,000 53,000 collections from customers are normally 68 percent in the month of sale, 20 percent in the month following the sale, and 10 percent in the second month following the sale. the balance is expected to be uncollectible. all purchases are on account. management takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. purchases for august are budgeted at $64,000, and sales for august are forecasted at $70,000. cash disbursements for expenses are expected to be $14,400 for the month of august. the company’s cash balance on august 1 was $32,000.required: prepare the expected cash collections during august. prepare the expected cash disbursements during august. calculate the expected cash balance on august 31.

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?