Cash budgetlong dashBasic Grenoble Enterprises had sales of $ 49 comma 800 in March and $ 60 comma 100 in April. Forecast sales for May, June, and July are $ 69 comma 600, $ 80 comma 500, and $ 99 comma 500, respectively. The firm has a cash balance of $ 4 comma 800 on May 1 and wishes to maintain a minimum cash balance of $ 4 comma 800. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 18 % of sales for cash, 60 % are collected in the next month, and the remaining 22 % are collected in the second month following sale. (2) The firm receives other income of $ 2 comma 000 per month. (3) The firm's actual or expected purchases, all made for cash, are $ 50 comma 500, $ 69 comma 800, and $ 79 comma 800 for the months of May through July, respectively. (4) Rent is $ 2 comma 500 per month. (5) Wages and salaries are 8 % of the previous month's sales. (6) Cash dividends of $ 2 comma 800 will be paid in June. (7) Payment of principal and interest of $ 4 comma 500 is due in June. (8) A cash purchase of equipment costing $ 6 comma 000 is scheduled in July. (9) Taxes of $ 5 comma 900 are due in June.

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is