Marcel company projects the following sales for the first three months of the year: $11,200 in january; $12,300 in february; and $11,100 in march. the company expects 60% of the sales to be cash and the remainder on account. sales on account are collected 50% in the month of the sale and 50% in the following month. the accounts receivable account has a zero balance on january 1. round to the nearest dollar.

marcel company has the following projected costs for manufacturing and selling and administrative expenses. all costs are paid in month incurred except direct materials, which are paid in the month following the purchase, and property taxes, which are prepaid for the entire year on january 2. the accounts payable balance has a zero balance on january 1:

direct materials purchases: $3,100 in january; $3,500 in february; and $4,800 in march.

direct labor costs: $3,300 in january; $3,500 in february; and $3,600 in march.

other manuafacturing expenses: $550 in january; $1,200 in february; and $1,200 in march. the amounts include $550 of depreciation per month.

selling and admin expenses: $3,500 in january; $3,750 in february; and $3,750 in march.

property taxes: $370 per month

additional information: marcel’s beginning cash balance is $6,000, and marcel desires to maintain a minimum cash balance of $5,000

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p.m. to 10 p.m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue.a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a.they set the prime rateob.they monitor functioning of banks in their through onsite and offsite reviewsc.they assess taxes in their destnictd.they write fiscal policies

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit