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NEW QUESTION: 1
JL is preparing its cash budget for the next three quarters. The following data have been extracted from the operational budgets:
Additional information is available as follows:
* JL sells 20% of its goods for cash. Of the remaining sales value, 70% is received within the same quarter as sale and 30% is received in the following quarter. It is estimated that trade receivables will be $125,000 at the beginning of Quarter 1. No bad debts are anticipated.
* 50% of payments for direct material purchases are made in the quarter of purchase, with the remaining 50% in the quarter following purchase. It is estimated that the amount owing for direct material purchases will be
$60,000 at the beginning of Quarter 1.
* JL pays labour and overhead costs when they are incurred. It has been estimated that labour and overhead costs in total will be $303,600 per quarter. This figure includes depreciation of $19,600.
* JL expects to repay a loan of $100,000 in Quarter 3.
* The cash balance at the beginning of Quarter 1 is estimated to be $49,400 positive.
Required:
Prepare a cash budget for each of the THREE quarters.
What will the closing balance of cash flows in quarter THREE be?
A. $160 690
B. $184 900
C. $150 200
D. $130 200
E. $145 000
F. $170 400
G. $100 200
Answer: D
Explanation:
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-103-q19/
NEW QUESTION: 2
Drag and drop the statements about remote security databases from the left onto the correct security database types on the right.
Answer:
Explanation:
Explanation
NEW QUESTION: 3
Which file defines Snort IDs and associated alert labels that are not provided within the unified output format?
A. sid-id.conf
B. sid-msg.map
C. snort-id.tab
D. snort-id.msg
Answer: B
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