Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: As of December 31 (the end of the prior quarter), the company’s general ledger showed the following account balances: Cash $ 64,000 Accounts receivable 219,200 Inventory 61,350 Buildings and equipment (net) 374,000 Accounts payable $ 92,325 Common stock 500,000 Retained earnings 126,225 $ 718,550 $ 718,550 Actual sales for December and budgeted sales for the next four months are as follows: December(actual) $ 274,000 January $ 409,000 February $ 606,000 March $ 321,000 April $ 217,000 Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales. The company’s gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.) Monthly expenses are budgeted as follows: salaries and wages, $39,000 per month: advertising, $57,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $45,940 for the quarter. Each month’s ending inventory should equal 25% of the following month’s cost of goods sold. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid in the following month. During February, the company will purchase a new copy machine for $3,400 cash. During March, other equipment will be purchased for cash at a cost of $82,000. During January, the company will declare and pay $45,000 in cash dividends. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.

Required: Using the data above, complete the following statements and schedules for the first quarter: 1. Cash budget: 2. Prepare an absorption costing income statement for the quarter ending March 31. 3. Prepare a balance sheet as of March 31.

Given the following information:

Determine the balance on the U.S. current account and capital accounts. Round answers to one decimal place.

Balance on current account: $  

Balance on capital account: $  

On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020.

The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020. 5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $6 per pound.

Prepare a production budget by quarters for the 6-month period ended June 30, 2020.

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Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020.

A company currently pays a dividend of $3.8 per share (D0 = $3.8). It is estimated that the company's dividend will grow at a rate of 21% per year for the next 2 years, and then at a constant rate of 6% thereafter. The company's stock has a beta of 1.4, the risk-free rate is 8%, and the market risk premium is 4.5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent.

11. which of the following is a characteristic of public good?

excludability

rivalry

nonexcludability

nonrivalry

both c and d

the national income and product accounts measure

GDP in terms of total spending on all goods and services

GDP in terms of total spending on final goods and services

GDP in terms of income received in the production of final goods and survives.

both b and c

none of the above

13, assume a manufacturer purchases $80 worth of dough, cheese and pepperoni to produce ten pizzas. the ten pizzas then sell for $125, the value added by the pizza manufacture is :

$125

$80

$205

$45

none of the above

14, which of the following adds to GDP?

coca cola produces soft drinks in Mexico

Honda produces accord's in Ohio

Mr, moneybags purchases an existing share of Apple stock

an American buys a bottle of French wine in Minneapolis

15.suppose the components of spending in the national income and product accounts are:

category components of GDP

consumer spending $10500

private investment spending $1500

exports $2200

imports $3500

government purchases $3000

GDP is equal to

A,$13700

B,$20700

C,10700

D,15700

E,17300

GNP measures: Select one: a. production by U.S. citizens wherever they work in the world. b. the production of both intermediate and final goods and services. c. the same things as GDP, but also includes financial assets. d. goods and services produced by foreign businesses inside U.S. borders. Which option best defines Gross Domestic Product (GDP)? Select one: a. The market value of all the final goods and services produced within a country b. The total amount of sales from U.S. own companies c. The value of all the private spending on products made by corporations d. The total amount of profits earned by U.S. firms from production over the year. determinant demand TF 3: An increase in demand will cause the demand curve for an inferior good to increase (shift right). Select one: True False Which statement is true. In the aggregate sense: Select one: a. Total spending will be larger than total income b. Total income will be larger than total spending c. Total spending + total income will equal the value of the output d. Total spending will equal total income

ABC Company limited produces coat racks. The projected sales for the first quarter of the coming year and the beginning and ending inventory data are as follows:

The coat racks are molded and then painted. Each rack requires four pounds of metal, which cost SAR 2.50 per pound. The beginning inventory of materials is 4,000 pounds. ABC Company Limited wants to have 6,000 pounds of metal in inventory at the end of the quarter. Each rack produced requires 30 minutes of direct labor time, which is billed at SAR 9 per hour.

Required:

1. Prepare a sales budget for the first quarter.

2. Prepare a production budget for the first quarter.

3. Prepare a direct materials purchases budget for the first quarter.

4. Prepare a direct labor budget for the first quarter.

The East Division of K Company manufactures a component that is vital to the health care Industry. This Division has been experiencing some problems in coordinating activities between various departments which resulted in acute and embarrassing shortages in the industry in the past. The division‘s Manager in an effort to avoid future shortages has decided to reinforce the decision to have monthly budgets prepared to aid in the production process. To assist in preparing the second Quarter’s budgets, the Financial Controller has provided the following actual and budgeted information.

Direct Material

Two different materials are used in the production of the component. Data related to these materials are given below:

Material No.210 is sometimes in short supply therefore the East Division requires enough of this material on hand to provide for 50% of the following month’s production needs. Material No. 312 is easier to get therefore only one thirds of the following month’s production need is required to be kept at the end of each month.

Direct Labour

The East Division has three departments through which the component must past before they are completed. Information relating to direct labour in these departments is listed in the table below. Direct labour is adjust each month as required.

Manufacturing Overhead

East Division manufactured 32,000 components during the first quarter of the current year. The actual variable cost incurred in producing the components for the first quarter is given below. The financial Controller believes that the variable cost per unit will remain unchanged for the remaining nine month of the year.

The actual fixed manufacturing overhead cost incurred during the first quarter amounted to $1,170,000. The East Division has budgeted fixed manufacturing overhead cost for the year as follows:

Finished Goods Inventory

The desired ending inventory in completed components is 20% of the next’s month’s estimated sales. The

East Division has 4,000 components in finished goods inventory at March 31.

Required

Prepare the production budget for East Division for the second quarter ending June 30 showing computations by month and in total for the quarter.

Prepare the direct materials purchase budget in units and dollars for each type of material for the second quarter ending June 30 also showing computations by month and in total for the quarter.

Prepare the direct labour budget in hours and in dollars for the second quarter ending June 30 showing only the quarter totals.

Assuming that the total fixed cost for the year will not change from the original estimates, prepare the variable and fixed overheard budgets for the second quarter by line item.

Please I would like a brief summary of the article below and a critical Graphical or analytical analysis for the same article below. to do it use economic tools developped in microeconomics or concept used in microeconomics or economic. Please what information do you need? I gave you everything the article and the instructions ( summary and a critical analytical analysis for the article)

This is the article down

Weak Consumer Spending Presents a Puzzle

U.S. retail sales fall for third straight month

By

Josh Mitchell and

Sarah Nassauer

Updated March 14, 2018 3:29 p.m. ET

WASHINGTON—The U.S. job market is booming and workers’ paychecks are growing thanks to a tax cut and raises. But Americans hunkered down on spending last month, a puzzle for an economy that leans heavily on their willingness to consume.

Sales at U.S. retailers fell 0.1% in February, marking a three-month slide. Much of the decline was tied to lower sales of cars and weak gasoline prices. Americans also reduced shopping for furniture, health products, groceries and electronics.

February was when many Americans saw the first tangible evidence of the $1.5 trillion tax cut that President Donald Trump signed into law late last year. Tax withholdings fell, increasing take-home pay.

That boost—along with high stock and property values, and a labor market that has added an average of 242,000 jobs a month over the past three months—is expected to prod Americans to go out shopping. The hope is that, in turn, factories will ramp up production and economic growth will pick up. So far, that hasn’t happened.

“The consumer genuinely is taking a little bit of a breather,” said J.P. Morgan economist Michael Feroli. He struggled to explain the latest dip but said the ingredients for stronger spending and economic growth are still there. “We think the fundamentals are still supportive of better growth ahead.”

Retail goods make up a big portion of Americans’ spending and are thus a key barometer of the economy’s health. The lower spending has led economists to downgrade expectations for economic growth in the first quarter. J.P. Morgan now expects gross domestic product to grow at an annual rate of 2% this quarter, while the Atlanta Fed’s GDPNow model projects 1.9% growth. Each previously projected 2.5% growth.

The economy grew 2.5% in 2017, in large part due to strong consumer spending, and for a stretch last year it hit a 3% rate.

Economists said temporary factors may have held back consumers of late. Some families are receiving tax refunds later than they did in previous years as the Internal Revenue Service takes more time to combat fraud. Even relative to last year, when a 2015 antifraud law took effect, refunds have been slower, said Pooja Sriram, a Barclays economist. The delays disproportionately affect low-income households who are more likely to spend refunds quickly. Those delays, which were separate from lower withholding due to the tax cuts, could lead to a boost in household income—and spending—later this spring once refunds are delivered.

Also, consumers who boosted spending last fall to repair and replace property damaged by hurricanes in the South may have temporarily cut back since then. Economists expect the storms’ effect on spending to fade.

And while the tax cuts showed up last month in the form of bigger paychecks, the effects will likely be spread over the year. The nonprofit Tax Policy Center estimates that, considering only the individual income-tax provisions, 65% of households will get a tax cut averaging $2,180 in 2018. Some households will get that over the course of the year through with lower withholding, but some won’t get it until early 2019.

Americans haven’t cut spending across the board. By one measure, retail spending looks stable. When excluding cars and gasoline—for which spending can swing wildly month to month—retail sales climbed 0.3% last month. Americans boosted spending on building supplies, clothing and restaurant outings.

And reports from some individual retailers suggest the outlook is better than the data suggest.

Retailers mostly reported improved sales over the holiday season and early months of this year, noting that strong consumer spending and efforts to compete online show signs of paying off. Target Corp. said earlier this month sales in existing stores rose 3.6%, the third consecutive quarter of growth. Walmart Inc., Best Buy Co. , Macy’s Inc. and Costco Wholesale Corp. reported stronger sales, as well.

“Our numbers have generally picked up over the last several months,” as more shoppers flock to stores and the overall economy is strong, said Costco Chief Financial Officer Richard Galanti on Tuesday. He said it’s unclear if lower withholding rates are boosting sales.

But many retailers are struggling to adapt as shopping shifts online. Toys “R” Us Inc. is preparing to liquidate all of its U.S. stores, according to people familiar with the matter. Earlier this month J.C. Penney Co. announced job cuts as it works to shore up profits while investing in new store formats and e-commerce to grow sales.

Some analysts predict fuller wallets. Shoppers will have around 3% more money to spend this year, said Michael Lassar, retail analyst at UBS. “Housing and health care [costs] have risen rapidly the last few years and that continues, but what is new is withholding has gone down and pay gone up, so people are spending more,” he said.

Write to Josh Mitchell at [email protected] and Sarah Nassauer at [email protected]