Galina, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $68,000 July 79,500 August 78,400 September 76,300 October 72,400 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October. Group of answer choices $51,070 $7,630 $43,440 $14,870

Answers

Answer 1

Answer: $51070

Explanation:

The budgeted balance of accounts payable at the end of October will be calculated thus:

For October DM purchases = 60% × $72400 = $43440

For September DM purchases = 10% × $76,300 = $7630

Balance = $51070

Therefore, the budgeted balance of accounts payable at the end of October is $51070


Related Questions

The qualitative characteristic of using the same accounting method each period over time refers to the concept of

Answers

I’m not sure try looking it up

Income taxes are taxes that are paid on any financial gain. Purchased goods. Homes, land, or property. Special goods and activities.

Answers

Income taxes are those taxes that are paid on any financial gain.

Income taxes are a progressive type of tax system. Them are taxes that are paid on all forms of income.

This type of tax , taxes those that have more income that those that have lower income.

The government uses the income tax to fund several public services and also use it for the provision of goods to the citizens in the country.

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Answer:

any financial gain

Explanation:

e2022

QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External

Answers

Ok sorry if I’m wrong but it would c


(If I’m right) mark as brainliest

Answer:

internal

Explanation:

i took the test

3. Lesley bought 4 bags of pretzels and 2 boxes of granola bars for $13.50. Landon bought 1 bag of pretzels and 5 boxes of granola bars for $17.55. What is the cost for one bag of pretzels? What is the cost for a box of granola bars?

Answers

Answer:

Problem 3: Let x = price of bag of pretzels Let y = price of box of granola bars  

We have Lesley's purchase: 4x+2y=13.50

And Landon's: 1x+5y=17.55

We can use the elimination method. Let's negate Landon's purchase by multiplying by -1. -1x-5y=-17.55

We add this four times to Lesley's purchase to eliminate the x variable.

2y-20y=13.50-70.2

-18y=-56.7

y = $3.15 = Price of box of granola bars

Plug back into Landon's purchase to solve for pretzels.

x+5*3.15=17.55

x+15.75=17.55

x = $1.80 = price of bag of pretzels

 

Problem 4.

Let w = number of wood bats sold

Let m = number of metal bats sold

From sales information we have: w + m = 23

24w+30m=606

Substitution works well here. Solve for w in the first equation, w = 23 - m, and plug this into the second.

24*(23-m)+30m=606

552-24m+30m=606

6m=54

m=9 = number of metal bats sold

Therefore since w = 23-m, w = 23-9 = 14. 14 wooden bats were sold.

Explanation:

Answer:

1=1 2+2=4 so lesley gas many ptretzels ans granola bars =mc square

Explanation:

Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appraised at $225,000. For income tax purposes, what would be the basis of the apartment building

Answers

The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.

Basically, the cost basis is the purchase cost which is $225,000.

The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.

In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes

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Which of the following expressions is equal to the total investment of a no-load mutual fund? a. Net assets Ă· number of shares b. Net asset value Ă· number of shares c. Net asset value x number of shares d. Offer price x number of shares.

Answers

The answer choice which is equal to the total investment of a no-load mutual fund is:

C. Net asset value x number of shares

According to the given question, we are asked to state the answer choice which is equal to the total investment of a no-load mutual fund and how this affects the market shares.

As a result of this, we can see that in a no-load mutual fund, there has to be the net asset value which is multiplied by the number of shares which a person currently holds and is equal to the total investment made.

With this in mind, a net asset is the total assets which a company has after the liabilities have been removed.

Mathematically, it is calculated by making an addition of the total fixed assets plus the total current assets minus the total liabilities.

Hence, the total investment of a no-load mutual fund is found by the net asset value multiplied by the number of shares.

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Match each type of employment with its definition (2 points)
Unemployment resulting from mismatches between
employer needs and employee skills.
Unemployment associated with workers who are
between jobs
Unemployment associated with the highs and lows of
the business cycle.
:: frictional unemployment
cyclical unemployment
* structural unemployment

Answers

Each type of employment has been matched with its definition thus:

Frictional unemployment: Unemployment associated with workers who are  between jobs Cyclical unemployment: Unemployment resulting from mismatches between  employer needs and employee skills. Structural unemployment: Unemployment associated with the highs and lows of  the business cycle.

There are different causes of employment. Frictional unemployment is the timeframe between the period an individual lost his job and seeks another.

Structural unemployment is a result of inconsistencies in the labor market.

Cyclical unemployment occurs when the demand from the employee is not met with the skills of the employer.

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Answer:

Here, Give me my brain

Explanation:

Cyclical unemployment- Unemployment associated with the highs and lows of the business cycle.

Structural unemployment- Unemployment resulting from mismatches between employer needs and employee skills.

Frictional unemployment-  Unemployment associated with workers who are between jobs.

Just took the test, the other answer is mixed up

When a firm depends on customer advocacy for the promotion of its products, it faces which challenge?

Answers

A challenge which would faced by a business firm that depends on customer advocacy for the promotion of its products is: It is difficult to control the promotional messages created by customers.

Customer advocacy can be defined as a strategic process in customer service that involves a business firm placing its focus on what is deemed to be best for its end users or customers. Thus, it typically involves a business firm putting the needs of its customers first while delivering a solution-based assistance through its products and services.

However, a challenge which would faced by a business firm that depends on customer advocacy for the promotion of its products is that it is usually difficult to control the promotional messages created by customers, whether or not it is in line with firm's policy and standards.

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The table below lists the insurance options offered by AA Auto Insurance. Calculate the monthly payment for an insurance plan including the following options: Bodily Injury: $50/100,000 Property Damage: $100,000 Collision: $500 deductible Comprehensive: $100 deductible AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily Injury $25/$50,000 $22. 50 $50/100,000 $31. 75 $100/300,000 $40. 25 Property Damage $25,000 $120. 50 $50,000 $144. 75 $100,000 $193. 00 Collision $100 deductible $520. 00 $250 deductible $415. 25 $500 deductible $275. 75 Comprehensive $50 deductible $110. 25 $100 deductible $100. 00 a. $50. 04 b. $50. 90 c. $54. 31 d. $68. 73 Please select the best answer from the choices provided A B C D.

Answers

The selection of the best answer from the choices provided for an insurance premium offered by the AA Auto Insurance is a. $50. 04.

Insurance coverage is a service offered by an insurer (insurance company) to the insured.  If the assured suffers some financial losses., the insurer reinstates the assured to their financial position before the event. For rendering the service, the insurance company collects from the insured some amount, monthly, quarterly, or annual charges called a premium.

Thus, based on the options given, the best insurance premium is a. $50.04.

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In analyzing the chart, what is the relationship between fees and dollar advanced? What do you think that payday lenders base their fees on?

Answers

Fees are directly related with the dollars advanced. Meaning as the dollars advanced increases, fees also increases and same goes as the dollars advanced decreases, fees also decreases. And therefore, using this same concept, we can say that payday lenders based their fees on the amount of dollar advanced.

According to the given chart, The relationship between the fees and dollar advanced is that Fees are proportional to the amount of money borrowed.

What is fees?

Fees is defined as the amount of money that a person charges with the another person for the use of their services or any item, and the amount is based upon the agreement made between the parties.

As shown in the given graph, the amount of money advanced grows, so do the fees, and as the amount of money advanced grows, so do the fees.

Using the same logic, it can be said that payday lenders charge fees based on the quantity of money borrowed.

Therefore, The relationship between fees and dollars advanced, as seen in the graph, is that fees are proportional to the amount of money borrowed.

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John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14. 28 % interest per annum, compounded monthly. If he can only be able to pay back $43,367. 21 per annum at the beginning of each year, When will John fully pay all of his debt to the bank?.

Answers

Based on the present value of the loan and the relevant interest rate, the time it would take to pay off the debt is 21 years.

First convert the interest rate to a monthly rate:

= 14.28% / 12

= 1.19%

To find the number of months it would take, use the NPER function in Excel as shown in the attachment.

The Number of periods is therefore 252 months.

In years this is:

= 252 / 12

= 21 years

In conclusion, it would take 21 years to pay off.

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Which of the following goods would be included in the calculation of gross domestic product? Select the two correct answers. (1 point)
1.Steel sold to an automobile manufacturer.
2.Notebooks sold to students.
3.French fries sold to customers at a restaurant.
4.Chemicals sold to pharmaceutical developers.
5.Lumber sold to construction firms.

Answers

Considering the available options, the goods that would be included in the calculation of gross domestic product include "Notebooks sold to students."

The other good that would be included in the calculation of GDP is "French fries sold to customers at a restaurant."

What is GDP?

GDP or Gross Domestic Product as it's generally defined as the summation of consumer spending (C), business investment (I), government spending (G), and net exports.

Consumer spending is the sales of used goods and sales from inventories of goods.

Here the used goods include the Notebooks sold to students and French fries sold to customers at a restaurant.

Hence, in this case, it is concluded that the correct answer is options B and C.

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A credit card is not considered money because A. it is not a store of value. B. it simply defers rather than completes transactions that ultimately involve the use of money. C. it is not a unit of accounting. D. All of the above.

Answers

Credit or debit card dose have value whatsoever !

Use the table to answer the question.
Consumption
$2,000
Investment
$1,000
Government Spending $1,000
Imports
$500
Exports
$600
The market value for each type of expenditure is given for a hypothetical country in the table above. Calculate the gross domestic product of this country
(1 point)
o $3,900
O $5,100
O $4,100
o $4,000

Answers

4,100$ is the correct answer for you thanks

When you borrow money, you are charged _____. When you put your money in the bank and save it, you earn _____.

Answers

Answer:

interest and  interest

Explanation:

they are both a percentage and the earnings of the interest that are in your bank are much lower than when you borrow money, usually 0.6 percent that you earn. Rather when you borrow depending on the loan it can go up to 20 percent interest.

Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was concerned quality would suffer. Due to _______, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

Answers

People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

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Post Oak Mall contains two department stores, numerous specialty stores, a movies theater, and various restaurants. Since it does not contain any convenience stores, Post Oak Mall is an example of a(n) _____ shopping center.

Answers

Because Post Oak Mall does not contain convenience stores, then, Post Oak Mall is an example of a regional shopping center.

A regional shopping center refers to a large shopping area meant to provide goods and services to people living in a particular area or state

A regional shopping center usually contain at least departmental store and any number of speciality stores.

Hence, because the shopping center does not contain any convenience stores, then, it is a regional shopping center

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Paul obtains a $300,000 mortgage loan a 5/1 interest-only ARM with a 10 year balloon at a 3% start rate, a 2% margin, and 2/6 caps. The initial monthly payment for the loan is $750. On the anniversary date of the loan, the index being used adjusts as follows: Year 1: 2.50% (initial year); Year 2: 2.75%; Year 3: 3.25%; Year 4: 3.50%; Year 5: 3.75%; Year 6: 3.00%; Year 7: 2.80%; and Year 8: 5.00%. What will be Paul's monthly payment in year 4

Answers

Paul's monthly payment in year 4 is $1,050.

Data and Calculations:

Mortgage loan = $300,000

Mortgage term = 10 years

5/1 interest-only ARM rate = 3%

Interest margin = 2%

Interest caps = 2/6

Initial monthly payment = $750

The index adjustment is as follows:

Year 1   2.50% (initial year)

Year 2  2.75%

Year 3  3.25%

Year 4  3.50%

Year 5  3.75%

Year 6  3.00%

Year 7  2.80%

Year 8  5.00%

Thus, Paul's monthly payment in year 4 is $1,050 ($750/2.50% x 3.50%).

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a $5,000 tv ad will cause 250 people to attend a show, while a $4,000 newspaper ad will cause 280 people to attend. bob wants to use the most effective method to get 500 people to attend a show. which advertising method should he use?

Answers

i will advice Bob to use the most effective method which is Newspaper advertisement for his show.

The data collected includes:

$5,000 tv ad will make 250 people to attend the show.$4,000 newspaper ad will make 280 people to attend the show.

From the data, we will observe that the newspaper advert is more economical and cost saving because Bob will be able to spend less and get more people to his show in comparison to Tv ads.

In conclusion, i will advice Bob to use the most effective method which is Newspaper advertisement for his show

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the tax cut will have a larger impact on aggregate demand in the economy with the .

Answers

The larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.

Tax cuts refers to when there is reduction in tax payment along with the government revenue.

The main reason for Tax cuts is to decrease the income of government and to increase the income of tax payers.

In conclusion, the larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.

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the effect of an increase in the price level on the aggregate-demand curve is represented by a

Answers

Answer:

movement to the left along a given aggregate-demand curve.

Explanation:

The code requires that realtors advertising clearly identify:

Answers

Based on real estate standard practice, the code requires that realtors' advertising identify "the member's professional status or status as a Realtor."

The Code of Ethics for Realtor

The code of ethics for realtors is a document that contains the rules and regulations that guide the practice of realtors.

The code of ethics prevents the clients from being exploited by some unsuspecting realtors.

Hence, based on Article 12 of the National Association of Realtors Code of Ethics, the correct answer is "the member's professional status or status as a Realtor."

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What is an example of an interpersonal skill?
a) being highly self-motivated
b) being very disciplined
c) Being punctual
d) achieving goals

Answers

A ) being highly self motivated

Which of the following is a positive impact of technology on society? Staying connected Global deterioration Decreased human interaction Inactive lifestyles

Answers

Answer:

Staying connected

Explanation:

if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effect on m1 or m2?

Answers

If the Fed decided that virtual money should be included in money supply, we would see a situation where both M1 and M2 increase/ rise.

M1 is:

The most liquid money instruments Inclusive of cash and close instruments

If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

In conclusion, both M1 and M2 would increase.

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intercropping vegetable farming is beneficial in many ways explain​

Answers

[tex]Reasons \: for \: intercropping \\ include \:  saving \: space \: and \\ resources, \: ensuring \: better \: yields \\ in \: case \: of \: poor \\ returns \: of \: the \: main \\ culture, \: repelling \: pests, \: reducing \\ weeds, \: proving \: nutrients \: for\\ \: the \: neighboring \\ plants, \: among \: others.[/tex]

HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date

Answers

Answer:

D

Explanation:

Answer: the balance

Explanation: because

Imagine that you are the mayor of your town. In an upcoming election, you would like the citizens to vote yes for a gambling establishment to locate in your town. Prepare a short speech encouraging the people of the town to vote yes on your proposal. (8-10 sentences)​

Answers

Answer:

Although Gambling is a bit of a controversial topic, there are many upsides to the activity. The biggest problem many see with gambling is the chance of becoming addicted. Addiction is a state of mind. If you feel that you would easy become addicted, don't partake. Gambling doesn't have to be an addictive activity. Just like any activity, it is designed for fun and gain. Of course, there will be instances where you will lose, however; it is apart of the sport. As long as you are careful, you will be okay. To encourage more activities in this town, please, vote yes.

Explanation:

2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth
$5,306.04 even though he never deposited any more money. Why does the account have more money
today than it did three years ago? In your response, also explain why the initial deposit may have had
more purchasing power three years ago. (8 points)

Answers

The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.

The initial deposit might have a higher purchasing power because of inflation.

When money is deposited in a savings account, the amount of money earns interest.

The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)

Interest earned = $$5,306.04 - $5,000 = $306.04

Interest rate = $306.04 / (3 x $5000) = 2.04%

Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.

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If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note. Please select the best answer from the choices provided T F.

Answers

It is false that a thank-you note is not necessary to be sent even when one is sure the job is not for you..

Basically, an interview is conducted by the recruiting firm to assess the various skills, behavior of the job applicant.

This thank-you-note is a sign of good gesture and can even influence the employer to consider the job applicant for the applied role.

In conclusion, It is false that a thank-you note is not necessary to be sent even when one is sure the job is not for you

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Answer:

f

Explanation:

Other Questions
1. The primary objective of financial accounting is: A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze an organization's activities. C. To monitor and control company activities. D. To provide information on both the costs and benefits of looking after products and services. E. To know what, when, and how much to produce How were Americans discontent withAmerican culture after the end of WorldWar 11? Step by step explanation need it Which Enlightenment thinker preferred tyrannical rule and felt that in order to live in a peaceful and secure society, people should give up certain rights to a centralized power?A. Leonardo da VinviB. John LockeC. Peter the GreatD. Thomas Hobbes A golfer and her instructor were playing golf in a foursome when the golfer became very annoyed with critical comments made by the instructor. To show the other golfers in the group how annoyed she was with her instructor, the golfer stood a few yards behind him while the instructor was teeing off and swung a club at him. The instructor, who was focusing on his shot, was not within range of the club but unfortunately the club slipped out of the golfer's hands and struck the instructor in the head, injuring him.If the instructor brings a battery action against the golfer, will he recover?A)Yes, because the golfer acted intentionally and caused harmful contact to her instructor.B)Yes, because the golfer intended to cause the instructor reasonable apprehension of imminent harmful contact.C)No, because the golfer did not intend to cause harmful or offensive contact.D)No, unless the golfer acted unreasonably in swinging the club at her instructor. If music be the food of love, play on. What does the phrase 'dying fall' most likely mean in both excertp? Why do you think advertisers like using optical illusions Simplify the given expression. Prepare a flow sheet for the preparation of triphenylmethanol. Using your knowledge of the physical properties of the solvents, reactants, and products, show how the products can be purified. Indicate which layer should contain the product in the liquid/liquid extraction steps. You are consulting with another medium sized business regarding a new database they want to create. They currently have multiple normalized source databases that need consolidation for reporting and analytics. What type of database would you recommend and why Pls can someone tell me how many times the human heart beats daily. Fredrick purchased a property worth $150,000 on mortgage. He paid $30,000 as a down payment on this property. However, a recent slump in real estate prices forced Fredrick to sell the property for $115,000 only 2 months later. This sale is termed a(n): Group of answer choices Which of the following pairs of elements will form ionic bonds with eachother? A. Silver (Ag) and silver (Ag)B. Lithium (Li) and iodine (1)C. Bromine (Br) and bromine (Br)D. Carbon (C) and chlorine (CI) What is the third step in sketching the graph of a rational function d) A movie time was 2hours. 10% of the time was taken advertisement. How long was the actual movie? Identify the equation of the circle that has its center at (16, 30) and passes through the origin Dany is an international trader in computer. In June 2018 he wrote a proposal to his most frequent client, Alan, saying that he was offering to sell 100 motorbikes, XYZ brand, latest version for US$1000/a motorbike. The detail description of a motorbike was in the Exhibit A attached with the contract.Alan immediately responded that he accepted the proposal, but he was only willing to receive the good in a safe and sound condition. Decide what are the legal nature of Dany's proposal and Alans reply? A bank has agreed to lend you $53,000 for a home loan. The loan will be fully amortized over 39 years at 13.50%, with .44 points. The loan payments will be monthly. The closing cost is estimated to be $3,894 and you plan to refinance the mortgage in 8 years. Calculate the actuarial rate. Geoffrey is looking for a safe investment for $3,000 he received as a bonus. He is looking for an investment that will also help him deal with the effects of inflation. Which of the following options would you recommend that Geoffrey invest in?a. Series EE bonds. b. Series I bonds. c. Commercial paper. d. Junk bonds. PLEASE HELP! I HAVE BEEN AT THIS FOR A LONG TIME!.For each investement, 25 000 is deposited in an account. How much is each payment?(a. 8% per annum, compounded annually, with annual payments starting in a year.