Questions
Please answers ASAP!!! 3. Sara plans to graduate after next session (in 6 months) and would...

Please answers ASAP!!!

3. Sara plans to graduate after next session (in 6 months) and would like to go on an overseas holiday to celebrate and before she starts full time employment. Her parents have agreed to give her $1,000 as a graduation present and she currently has $1,250 in her savings account. Sara has a part time job as a w aitress and plans to save as much as possible for her trip. Sara would like to plan her trip and has asked you to help her calculate how much she will have available for her trip. Prepare a budget for Sara given her income and expense information as follows:

Waitress job income of $350 per week;
rent (Sara’s share of an apartment) of $120 per week;
food of $80 per week;
utility bills (Sara’s share) of $60 per quarter;
mobile phone bill of $30 per month;
clothing expenses of $50 per month;
transport costs of $25 per week;
textbook and stationery expenses of $600 for the next 6 months.

a. How much will Sara have available for her holiday?
b. How can Sara increase the amount she has available for spending money for her holiday?

Explain the advantages and disadvantages of your answers.

4.

Fred would like to purchase his own home. He would like to know how much he can borrow based on what he can afford to repay. Prepare a budget for Fred and calculate his current savings capacity given his income and expense information as follows:

Gross (before tax) salary of $75,000 per annum; tax on salary of $20,400
rent of $390 per week;
groceries of $225 per week;

utility bills of $550 every quarter;
mobile phone bill of $65 per month;
clothing expenses and miscellaneous expenses of $90 per week;
petrol and other transport costs of $135 per week;
car repairs, car insurance, maintenance and registration of $3,120 per annum.

a. How much is Fred’s savings capacity? If current interest rates are 6%,what is the maximum home loan amount Fred can afford over a 20 year term? Assume monthly repayments.

b. Are there any expenses that will no longer be incurred if Fred buys his own home? Recalculate the maximum home loan amount Fred can afford available on the same terms as above.

In: Finance

Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak...

Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below:

April May June Total
Budgeted sales (all on account) $450,000 $650,000 $250,000 $1,350,000

From past experience, the company has learned that 25% of a month’s sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $380,000, and March sales totaled $410,000.

Required:

1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

2. What is the accounts receivable balance on June 30th?

Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below:

April May June Total
Budgeted sales (all on account) $450,000 $650,000 $250,000 $1,350,000

From past experience, the company has learned that 25% of a month’s sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $380,000, and March sales totaled $410,000.

Required:

1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

2. What is the accounts receivable balance on June 30th?

Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

Schedule of Expected Cash Collections
April May June Total
February sales $0
March sales 0
April sales 0
May sales 0
June sales 0
Total cash collections $0 $0 $0 $0

What is the accounts receivable balance on June 30th?

Total accounts receivable at June 30

In: Accounting

Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling merchandises for local market. Mr. Raju is being responsible to prepare and monitor the budget and expenses of the company

Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling merchandises for local market. Mr. Raju is being responsible to prepare and monitor the budget and expenses of the company business. Currently the company is preparing the quarterly budget as of 31 December 2020 and he has been asked by Ms. Sally, the owner of the company, to prepare a master budget. The sales forecast for the merchandises are provided as follows:

Unit sales

August 2020

1,500 actual

September 2020

1,600 actual

October 2020

1,700 budgeted

November 2020

2,300 budgeted

December 2020

2,400 budgeted

January 2021

1,300 budgeted

The average selling price and the average purchase price per unit are RM250 and RM120 respectively. As for desired ending inventory is expected 30% of next month’s unit sales. Collections from customers will be 20% in month of sale, 50% in month after sale and 30% two months after sale.

As for projected cash payments, inventory purchases will be paid in the month following acquisition. Meanwhile, variable cash expenses are equal to 35% of each month’s sales and paid in the month of sale. Fixed cash expenses are RM20,000 per month and are paid in the month incurred. Depreciation on equipment is RM2,000 per month. Desired ending cash balance per month will be RM20,000.

NH Sdn Bhd also has provided the following information at 30 September 2020

Balance Sheet as at 30 September 2020

RM

Cash

30,000

Account Receivable

245,000

Merchandise inventory(650 unit)

78,000

Fixed Assets (net)

110,000

Total assets

463,800

Account Payable(Merchandise)

148,800

Owner’s Equity

315,000

Total liability and equity

463,800

Required:

Based on the information given, you are required to prepare the following budget** for the upcoming quarter ending 31 December 2020.

  1. Sales Budget for each month of the quarter;
  2. Purchases Budget for each month of the quarter;
  3. Cash Budget for each month of the quarter;
  4. Budgeted Income Statement; Quarter
  5. Budgeted Balance Sheet.

In: Accounting

Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling...

Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling merchandises for local market. Mr. Raju is being responsible to prepare and monitor the budget and expenses of the company business. Currently the company is preparing the quarterly budget as of 31 December 2020 and he has been asked by Ms. Sally, the owner of the company, to prepare a master budget. The sales forecast for the merchandises are provided as follows:

Unit sales

August 2020

1,500 actual

September 2020

1,600 actual

October 2020

1,700 budgeted

November 2020

2,300 budgeted

December 2020

2,400 budgeted

January 2021

1,300 budgeted

The average selling price and the average purchase price per unit are RM250 and RM120 respectively. As for desired ending inventory is expected 30% of next month’s unit sales. Collections from customers will be 20% in month of sale, 50% in month after sale and 30% two months after sale.

As for projected cash payments, inventory purchases will be paid in the month following acquisition. Meanwhile, variable cash expenses are equal to 35% of each month’s sales and paid in the month of sale. Fixed cash expenses are RM20,000 per month and are paid in the month incurred. Depreciation on equipment is RM2,000 per month. Desired ending cash balance per month will be RM20,000.

NH Sdn Bhd also has provided the following information at 30 September 2020

Balance Sheet as at 30 September 2020

RM

Cash

30,000

Account Receivable

245,000

Merchandise inventory(650 unit)

78,000

Fixed Assets (net)

110,000

Total assets

463,800

Account Payable(Merchandise)

148,800

Owner’s Equity

315,000

Total liability and equity

463,800

Required:

Based on the information given, you are required to prepare the following budget** for the upcoming quarter ending 31 December 2020.

  1. Sales Budget for each month of the quarter;
  2. Purchases Budget for each month of the quarter;
  3. Cash Budget for each month of the quarter;
  4. Budgeted Income Statement; Quarter
  5. Budgeted Balance Sheet.

In: Accounting

The health assessment nursing class is one of the most important courses that students take in...

The health assessment nursing class is one of the most important courses that students take in nursing school. Nurses have many responsibilities, including assessing the needs of their patients. Nurses must make observations and use assessment tools to determine the course of treatment for each of their patients. The initial health assessment is vital to the patient’s continuous well-being. The health assessment course that nursing student take in nursing school can provide the foundation for the job that nurses perform each day. Proper recording of health assessment information is vital to patient care.

Briefly visit Virtual Café: Introduction and review your unit selected from the syllabus and answer the following question:

  1. Did your expectations were met on this first phase of the course?
  2. What was the hardest topic?
  3. What was the one topic that you learned most?

In: Nursing

A Bloomberg BusinessWeek subscriber study asked, "In the past 12 months, when traveling for business, what...

A Bloomberg BusinessWeek subscriber study asked, "In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often?" A second question asked if the type of airline ticket purchased most often was for domestic or international travel. Sample data obtained are shown in the following table. Type of Flight Type of Ticket Domestic International First Class 26 23 Business Class 96 129 Economy Class 513 134 a. Using a .05 level of significance, is the type of ticket purchased independent of the type of flight? Use Table 12.4. H 0: H a: Compute the value of the 2 test statistic (to 2 decimals). 1.84 The p-value is . What is your conclusion? b. Discuss any dependence that exists between the type of ticket and type of flight.

In: Statistics and Probability

1. a) Which of the following atoms would you expect to be smallest in the follow...

1.

a) Which of the following atoms would you expect to be smallest in the follow set of elements? - K, Na, P, Cl, Ar

b) Which of the following elements is likely to have the biggest gap between second and third ionization energies? - Na, Mg, Al, Si, P

c) Which group on the periodic table has the highest electron affinity (most negative value)

d) Which of the atoms do you expect to have the greatest electron affinity (that is, delta H for electron affinity is MOST negative)? - He, Ne, F, N, P

e) Which element below has the largest first ionization energy, greater than any other element? - H, He, N, F, Cs

f) How many 3d electrons does the Co3+ ion have?

In: Chemistry

A Bloomberg Busines sweek subscriber study asked, "In the past 12 months, when traveling for business,...

A Bloomberg Busines sweek subscriber study asked, "In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often?" A second question asked if the type of airline ticket purchased most often was for domestic or international travel. Sample data obtained are shown in the following table. Type of Flight Type of Ticket Domestic International First Class 26 21 Business Class 98 122 Economy Class 512 131 a. Using a.05 level of significance, is the type of ticket purchased independent of the type of flight? : : Compute the value of the x2 test statistic (to 2 decimals). The -value is . What is your conclusion? b. Discuss any dependence that exists between the type of ticket and type of flight.

In: Statistics and Probability

The social smile is a developmental milestone most infants reach when they are one to two...

The social smile is a developmental milestone most infants reach when they are one to two months old. Not having a social smile by six months of age is commonly considered an early sign of "autism." The spontaneous smile can occur as early as your baby's first few days of life and should be present by the time they are ten weeks old. Also, laughing is a developmental milestone that many babies reach by the time that they are 14 to 18 weeks old.

Given this information, and knowing that "rolling over" is a developmental milestone that most babies reach by the time that they are about six months old, what are some of the concerns a nurse should have if a baby does not meet this milestone within the developmental milestone time-frame given?

Please provide sources in APA format

In: Nursing

Jonas Consulting enters into a contract to provide cost management consulting services over a one-year period...

Jonas Consulting enters into a contract to provide cost management consulting services over a one-year period for $10,000 per month on January 1. At the end of the contract, Jonas will either give the customer a $24,000 refund or be entitled to an additional $24,000, depending on the level of cost savings. The company believes there is an 80% chance that it will be entitled to an additional $24,000 and a 20% chance it will give a refund of $24,000. In addition, Jonas believes it is probable that a significant reversal of any previously recognized revenue will not occur. The contract performance is determined to be satisfied over time.

Part A: Prepare the journal entry on January 31 to record the first month of the contract using the most likely amount approach.

Part B: Determine the monthly transaction price that Jonas should use for recording the contract using the most likely amount approach.

In: Accounting