Danner company expects to have a cash balance of $45,000 on january 1, 2014. relevant monthly budget data for the first 2 months of 2014 are as follows. collections from customers: january $85,000, february $150,000.payments for direct materials: january $50,000, february $75,000.direct labor: january $30,000, february $45,000. wages are paid in the month they are incurred. manufacturing overhead: january $21,000, february $25,000. these costs include depreciation of $1,500 per month. all other costs are paid as incurred. selling and administrative expenses: january $15,000, february $20,000. these costs are exclusive of depreciation. they are paid as incurred. sales of marketable securities in january are expected to realize $12,000 in cash. danner company has a line of credit at a local bank that enables it to borrow up to $25,000. the company wants to maintain a minimum monthly cash balance of $20,000.instuctions: prepare a cash budget for january and february.

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?