Hayley Company has the following forecasted cash receipts and cash payments for the first four months of the year.

January February March April
Budgeted cash collections 75,000 60,000 75,000 146,000
Total budgeted cash payments 97,000 107,000 82,000 90,000

On January 1, Hayley Company had a cash balance of $60,000. Hayley has a policy of maintaining a cash balance of at least $10,000 at the end of each month. Which one of the following represents the sequence of cash borrowings and repayments in February, March, and April? Note: Ignore any interest on loans, and assume that Hayley repays loans as quickly as possible.

A. February, $19,000 borrowing; March, $7,000 borrowing; April, $26,000 repayment
B. February, $47,000 borrowing; March, $21,000 repayment; April, $26,000 repayment
C. February, $9,000 borrowing; March, $7,000 borrowing; April, $16,000 repayment
D. February, $47,000 borrowing; March, $7,000 borrowing; April, $26,000 repayment
E. February, $37,000 borrowing; March, $11,000 repayment; April, $26,000 repayment

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500