Question 35) On January 1, Matzke Company has a beginning cash balance of $84,00

Question

Question 35) On January 1, Matzke Company has a beginning cash balance of $84,000. During the year, the company expects cash disbursements of $680,000 and cash receipts of $580,000. If Matzke requires an ending cash balance of $80,000, Matzke Company must borrow

Answer $184,000. $80,000. $96,000. $64,000.

Question 36) Grey Company has 24,000 units in beginning finished goods. If sales are expected to be 120,000 units for the year and Grey desires ending finished goods of 30,000 units, how many units must the company produce?

Answer 150,000 114,000 120,000 126,000

Question 37) For better management acceptance, the flow of input data for budgeting should begin with the Answer lower levels of management. budget committee. accounting department. top management.

Explanation / Answer

33)$200000 x 38000/40000 + $60000 = $190000 + $60000 = $250000 35) Cash company to borrow = $84000 + $580000 + $80000 - $680000 = $64000 36)Production of goods required = 24000 + 120000 - 30000 = 114000 units 37)lowerlevels of management

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.