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-BARSIC- [3]
3 years ago
7

During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance fr

om operations is budgeted to be$40,000. The company wants to maintain a minimum cash balance of $20,000. What isthe minimum cash loan that must be planned to be borrowed from the bank duringSeptember?
Business
1 answer:
Mariulka [41]3 years ago
5 0

Answer:

$260000

Explanation:

$280k  purchase equiment >> Outflow of cash

$40,000>> Operative Cash >> Inflow Cash

$260k >> cash loan in order to achieve balance

------------------------------

$20000 >> Cash balance

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he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what
neonofarm [45]

The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.

<h3>Who is an accountant?</h3>

An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.

Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.

Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.

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2 years ago
Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the pric
raketka [301]

Answer:

c. 0.25

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Question 2
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Answer:

A

Explanation:

Calculate the payback period and net present value for each project assuming a 10 % discount rate

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1 year ago
In 1919, henry ford was sued because:
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The appropriate response is A. Henry Ford also then sued the Chicago Tribune for criticizing the grounds that it called him an uninformed revolutionary. In court, the guard lawyer has chosen to show Ford's obliviousness and absence of patriotism by posting essential American history inquiries. The vehicle head honcho reliably missed these inquiries, and court transcripts of his nonsense wound up plainly well known perusing at the time.
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Which career is best suited for people who have a high school diploma?
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Answer:a

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