Multiple choice 2023 Business Finance
2023 1 Dengel Inc is working on its cash budget for November The budgeted
1.Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.
The excess (deficiency) of cash available over disbursements for November will be:
2.Sharp has $199,800 in notes payable due in July that must be repaid or renegotiated for a extension. Will the firm have ample cash to repay the notes? (Select from the drop-down menus)
____, The company ____ have enough money to pay the debt
3.You’re attempting to determine the amount of usable floor space in your day care facility. Which one of the following areas can you include in your calculation?
A. Kitchen for all classrooms
B. Bathroom adjacent to Classroom A
C. Hallway in the classroom area
D. Toy shelves in Classroom A
4.Borden Enterprises uses standard costing. For the month of April, the company reported the following data:
-Standard direct labor rate: $10 per hour
-Standard hours allowed for actual production: 8,000 hours
– Actual direct labor rate: $9.50 per hour
-Labor efficiency variance: $4,800 Favorable
The labor rate variance for April is:
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