Go on the number line and find each number at the bottom and put a dot above each number that your supposed to graph
Answer:
b. Borrow $2,500
Explanation:
Preliminary balance = $12,000 + 30,000 - $34,500 = $7,500
Amount to borrow = Minimum cash balance - Preliminary balance = $10,000 - $75,000 = $2,500
Therefore, to maintain the $10,000 required balance, during June the company must $2,500.
Answer:
Net Income for the Period is $41,018.
Explanation:
Emery Mining Inc.
Statement of Profit or Loss
Revenue $150,000
Operating Costs (75,500)
Depreciation (10,200)
Earnings Before Interest and Tax $64,300
Interest Expense (16,500*7.25%) (1,196)
Earnings Before Tax $63,104
Tax (35%) (22,086)
Earnings After Tax OR Net Income $41,018
