Simon the pieman bakery is budgeting cash for 2017. the cash balance at december 31, 2016 , was $ 14 comma 000. simon the pieman bakery budgets 2017 cash receipts at $ 80 comma 000. estimated cash payments include $ 42 comma 000 for inventory, $ 32 comma 000 for operating expenses, and $ 17 comma 000 to expand the store. simon the pieman bakery needs a minimum cash balance of $ 6 comma 000 at all times. simon the pieman bakery expects to earn net income of $ 75 comma 000 during 2017. what is the final result of the company's cash budget for 2017 ?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Simon the pieman bakery is budgeting cash for 2017. the cash balance at december 31, 2016 , was $ 14 comma 000. simon the pieman bakery ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Madisun Company issued common stock for proceeds of $20,000 during 2020. The company paid dividends of $5,000. The company also issued a long-term note payable for $35,000 in exchange for equipment during the year.
Answers (1)
Which of the following accounts would most likely not require an adjusting entry in the future? A. Unearned subscriptions revenue B. Office supplies C. Utilities payable D. Prepaid rent
Answers (1)
What is the similar about negative growth rate and zero growth rate?
Answers (1)
Due care is the idea that consumers and sellers do not meet as equals and that the consumer's interests are particularly vulnerable to being harmed by the manufacturer, who has knowledge and expertise the consumer does not have. True / False.
Answers (1)
On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $16,004.17. The entry to record the first payment on July 31 would include:a. $14,000.00. b.
Answers (1)
New Questions in Business
Accepting a special order will improve overall net operating income if the revenue from the special order exceeds: a. the contribution margin on the order. b. the incremental costs associated with the order. c.
Answers (1)
The debit side of an account a. depends on whether the account is an asset, liability, or owner's equity b. is the left side of the account c. can be either side of the account depending on how the accountant set up the system d.
Answers (1)
Universal Containers (UC) has a desktop application to collect leads for marketing campaigns. UC wants to extend this application to integrate with Salesforce to create leads.
Answers (1)
MetaProMetaPro Systems is a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $ 140$140 for each connector and fixed costs of $ 5 comma 500$5,500 per month.
Answers (1)
The National Highway Traffic Safety Administration (NHTSA) is responsible for all of the following except: A. establishing safety regulations for auto manufacturers B. constructing new highways C. enforcing automobile recalls D.
Answers (1)