Reference no: EM133036775
Question - Metlock Company expects to have a cash balance of $44,500 on January 1, 2022. Metlock has budgeted the following for the first two months of the year 2022:
1. Collections from customers: January $89,600; February $110,400.
2. Payments to suppliers: January $39,600; February $49,900.
3. Direct labour: January $29,900; February $34,700. Wages are paid in the month they are incurred.
4. Manufacturing overhead: January $25,100; February $30,300. Overhead costs are paid as incurred.
5. Selling and administrative expenses: January $16,100; February $22,100. These costs do not include depreciation and they are paid as incurred.
6. Sales of investments in January are expected to realize $10,100 in cash. Metlock Company wants to keep a minimum monthly cash balance of $20,000. Ignore any interest on amounts borrowed.
Required - Prepare a cash budget for January and February.
|
Recommendation for an erp implementation
: What role does the recommendation for an ERP implementation play in supporting the business consultant's recommendation?
|
|
What was the balance in the account at the end of years
: Eric deposited $9,000 into a savings account at the beginning of every year for 10 years. What was the balance in the account at the end of 11 years
|
|
What are descriptive analytics
: What Are Descriptive Analytics? Explain why we need to visualize and explore data. Describe statistical charts and how to apply them.
|
|
Who is responsible to keep data private
: Privacy and security are increasingly important issues for individuals, companies, organizations, governments, etc. Most countries are developing a range of law
|
|
Prepare a cash budget for January and February
: Direct labour: January $29,900; February $34,700. Wages are paid in the month they are incurred. Prepare a cash budget for January and February
|
|
How are movie trailers made
: How are movie trailers made? What are the different criteria used to create an enticing and inviting trailer?
|
|
Calculate the yield to maturity
: ABC Corporation issued 10,000 units of $1,000 face value bonds that mature in 29 years and have a 4% coupon rate, Calculate the yield to maturity
|
|
Explain the types of emotional labour
: Explain the types of emotional labour that are demanded of Zach in order to be successful, and how he applies his emotions and moods in his job.
|
|
What is the product subcategory
: What is the product subcategory that is the least profitable in Southeast Asia?
|