Answer:
22. Option (B) is correct
23. Option (A) is correct
Explanation:
22.
Total Cash Available = Beginning Cash Balance + Budgeted Cash Receipts
= $18,000 + $183,000
= $201,000
Excess (Deficiency) of Cash Available over Disbursements:
= Total Cash Available - Budgeted Cash Disbursement
= $201,000 - $188,000
= $13,000
23.
Amount to be borrowed:
= Desired ending Cash Balance - Excess (Deficiency) of Cash Available over Disbursements
= $30,000 - $13,000
= $17,000
The initial net working capital requirement for this project exists $69,000.
<h3>What is meant by net working capital?</h3>
The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).
The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.
net working capital requirement = $61,000 − 28,000 + 36,000
net working capital requirement = $69,000
The initial net working capital requirement for this project exists $69,000.
To learn more about net working capital refer to:
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Answer:
The required return is 7.92%
Explanation:
Required return is defined as the minimum return which the investor expects to accomplish through investing in the project.
The required return would be computed as:
Required return = Dividend paid each year / Selling price per share
where
Dividend paid each year is $6,40
Selling price per share amounts to 480.80 per share
Putting the values above:
Required return = $6.40 / $80.80
Required return = 7.92%
Answer: The terms provided do not match the definitions provided. the answer to the question is 1) Purchase order 2) imprest fund
Explanation:
a. A document that creates a legal obligation to buy and pay for goods or services ----- Purchase order
A purchase order is an agreed document which indicates the type of product or services, quantities of product, and prices for products or services between two parties. it is usually issued by a company who is referred to as a buyer to a vendor known as a seller to supply the goods or services. When the vendor supplies the products, will be paid by the company who is the buyer according to payment terms.
b. The method used to maintain the cash balance in the petty cash account--- imprest fund--- This is a petty cash system where a fixed sum amount of cash is maintained and kept aside by a business only for managing expenses that may arise due to some circumstances but after being taken out, must be replenished.
Answer:
price of goods is 0.9 times of the price of services
Explanation:
Data
Goods sell = 80%
Services sell = 72%
Equilibrium prices = ???
Solution
In order to find equilibrium prices we need to develop an equation for that
Let's denote
Goods = x
Services = y
Goods sold = 80% of x = 0.8x
Services sold = 72% o y = 0.72y
Equation: 0.8x = 0.72y
Let's solve the equation furthermore
x = 
y
x = 0.9y
Hence the price of goods is 0.9 times of the price of services
