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Lipman Auto Parts, a family-owned auto parts store, began January with $10,300 cash. Management forecasts that collections from credit customers will be $11,400 in January and $14,800 in February. The store is scheduled to receive $5,000 cash on a business note receivable in January. Projected cash payments include materials pur- chases ($3,000 in January and $3,600 in February), direct labor ($7,000 monthly) and manufacturing overhead ($2,500 in January and $2,800 in February). Selling and administrative expenses are ($2,700 each month). Lipman Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance dips below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Lipman Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,000, plus 4% annual interest on the entire unpaid principal. The first loan payment occurs three months after the initial loan. Requirements E7-16 1. Prepare Lipman Auto Parts' cash budget for January and February. 2. How much cash will Lipman Auto Parts borrow, if any, in February if collections from customers that month total $13,800 instead of $14,800?
consider an american automaker like gm with production facilities in 50 countries and sales in almost 200 countries to
Using your current work organization (or an organization of interest) as the subject matter, research the elements of business and prepare an APA formatted paper that:
Both Return on Investment (ROI) and Economic Value Added (EVA), when used as performance measures in an organisation, encourage managers to be short-term in their focus and decision making".
families first is a managed care plan that has been asked to submit a premium bid to abc company a large manufacturer
Managers should base pricing decisions on both cost and market factors. In addition, they must also consider legal issues. Describe the influence that the law has on pricing decisions.
Explain why the uncollectible accounts expense amount is different from the amount that was written off.
The market price and replacing it with new Low-cost debt
write about best buy about their financial statement analysis and include their competitor radio shack and conns. it
shellhammer company is considering the purchase of a new machine. the invoice price of the machine is 170000 freight
Compute the break-even point in total sales dollars and in units for 2014 and paul was a marketing major in college. He believes that sales volume can be increased only by intensive advertising and promotional campaigns.
Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.
Callaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $115.80 per unit.
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