Determine the company preliminary cash balance

Assignment Help Managerial Accounting
Reference no: EM133130534

Questions -

Q1. Flexibility of practice when applied to managerial accounting means that:

A) The information must be presented in electronic format so that it is easily changed.

B) Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for.

C) Managerial accounting information must follow concepts and rules known as GAAP.

D) Managerial accounting systems provide internal information reflecting the needs of managers to analyze, plan, and control products and processes.

E) Managerial accounting systems must provide consistent and comparable financial statements across companies.

Q2. A cash equivalent is:

A) An investment readily convertible to a known amount of cash and sufficiently close to maturity so its market value is unaffected by interest rate changes.

B) Close to its maturity date but its market value may still be affected by interest rate changes.

C) An account payable due within 5 months.

D) Is not considered highly liquid.

E) One example of a noncash investing and financing activity.

Q3. Gard Company has $40,000 cash at the beginning of March and budgets $150,000 in cash receipts from sales and $200,500 in cash payments during March. Determine the company's preliminary cash balance?

A) $190,000.

B) $10,500.

C) $(50,500).

D) $(10,500).

E) $110,000.

Reference no: EM133130534

Questions Cloud

Knowledge of the symptoms of depression : Use the previous example to explain how lack of knowledge of the symptoms of depression may lead to undertreatment
What is the present value of a deferred annuity : What is the present value of a deferred annuity with a deferral period of 17 years at 6.7% compounded semi-annually followed by a 10-year annuity due
Standardize gdp as a means of comparing sol : Can the differences in the world currencies make it difficult to standardize GDP as a means of comparing SOL?
Illustrate an optimal consumption bundle : A) Graph Max's budget constraint and a couple of his indifference curves then illustrate an optimal consumption bundle for him.
Determine the company preliminary cash balance : Gard Company has $40,000 cash at the beginning of March and budgets $150,000 in cash receipts from sales. Determine the company preliminary cash balance
Violates sample variation assumption : (a) Provide me a quick scatter plot that violates sample variation assumption.
How does economics fit into the christian world view : How does economics fit into THE Christian world view and how SHOULD economic understanding impact the way Christians think about the world.
What is the present worth of project : A regional municipality is studying a water supply plan for its tri-city and surrounding area to the end of year 2080. To satisfy the water demand, one suggesti
What is the correct balance of cash in bb as of december : Check payable to AA dated January 3, 2023 was recorded as receipts as of December 31, P145,000. What is the correct balance of cash in BB as of December

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd