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Suppose you are given the data for Brazil and Portugal. In B…
Suppose you are given the data for Brazil and Portugal. In Brazil, the saving rate is 0.2 and the depreciation rate is 0.1, whereas in Portugal the saving rate is 0.1 and the depreciation rate is 0.1. Assuming everything else is the same, using the Solow model, you conclude that in the steady state,
Suppose you are given the data for Brazil and Portugal. In B…
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Suppоse yоu аre given the dаtа fоr Brazil and Portugal. In Brazil, the saving rate is 0.2 and the depreciation rate is 0.1, whereas in Portugal the saving rate is 0.1 and the depreciation rate is 0.1. Assuming everything else is the same, using the Solow model, you conclude that in the steady state,
Fоr the fоllоwing five multiple choice questions, use the informаtion below. Eddie Money Corporаtion (“the Compаny”) is currently in the process of preparing its cash budget for the upcoming first quarter. The Company has already prepared the following budgets: SALES BUDGET January February March Cash sales $ 67,000 $ 72,000 $ 51,000 Credit sales 93,000 108,000 79,000 Total sales 160,000 180,000 130,000 DIRECT MATERIALS BUDGET January February March Quantity to purchase 13,800 lb. 16,700 lb. 10,400 lb. Cost per quantity $ 2.80 $ 2.80 $ 2.80 Total cost of direct materials $ 38,640 $ 46,760 $ 29,120 DIRECT LABOR BUDGET January February March Total hours required 2,430 hours 2,710 hours 2,180 hours Cost per hour $ 27 $ 27 $ 27 Total cost of direct labor $ 65,610 $ 73,170 $ 58,860 OVERHEAD BUDGET January February March Variable overhead $ 9,300 $ 12,700 $ 7,100 Fixed overhead 26,000 26,000 26,000 Total manufacturing overhead 35,300 38,700 33,100 Additional information: The Company anticipates the following with respect to its credit sales: 70% of credit sales will be collected one month after the sale. 24% of credit sales will be collected two months after the sale. 6% of credit sales will never be collected. The Company has “net 30 days” payment terms with its suppliers, and as a result, pays for its direct materials in the month after purchase. The Company pays for its direct labor and manufacturing overhead in the month incurred. The ending balance of cash as of December 31 of the prior year is $54,900. In January, the Company expects to collect $98,000 and $36,000 from credit sales one month ago and two months ago, respectively. Additionally, the Company expects to pay $27,500 for direct materials in January related to the prior month’s purchases. Required: (10 Points – 2 Points Each) Considering all of the previous information, calculate each requested amount below from the cash budget. For each question below, select the closest answer.