1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dalvyx [7]
3 years ago
14

The following information is available for Wildhorse Co. for the month of January: expected cash receipts $59,320; expected cash

disbursements $66,850; and cash balance on January 1, $11,890. Management wishes to maintain a minimum cash balance of $8,230. Prepare a basic cash budget for the month of January.
Business
1 answer:
ziro4ka [17]3 years ago
5 0

Answer:

Ending cash balance$8,230

Explanation:

Preparation of basic cash budget for the month of January.

Wildhorse Co CASH BUDGET for the month of January

Beginning cash balance$11,890

Add: Cash receipts $59,320

Total cash available $71,210

($59,320+$11,890)

Less: Cash disbursements ($66,850)

Excess of available cash over cash disbursements $4,360

Financing needed $3,870

($8,230-$4,360)

Ending cash balance$8,230

Therefore the basic cash budget for the month of January will be $8,230

You might be interested in
Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing​ prices, se
skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.

The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0
2 years ago
The makers of Tide Detergent recently created "pods" of the product, characterized by a small, square, plastic-wrapped packet th
notsponge [240]

Answer:

maturity

Explanation:

Based on the information provided within the question it can be said that in this scenario the Tide Detergent "pods" product is in the maturity stage of the product life cycle. This stage is characterized by being the longest stage in the cycle and in which sales begin to decline because the product has reached the apex of the demand curve. Advertisement in this stage has little effect on sales for the product and instead the best option would be to make changes to the product in order to lower costs and thus increase more profits, which is what they have done by making the product easier and more affordable to transport

4 0
2 years ago
Nathan’s Athletic Apparel has 2,000 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2017. Al
Oksi-84 [34.3K]

Answer and Explanation:

The computation is shown below:-

Particulars                                   Cumulative       Non Cumulative

Preferred dividends for 2018       $10,000              $10,000

Preferred dividend in

arrears for 2017                              $10,000               $0

Remaining Dividends to

Common stockholders                    $2,000             $12,000

Total Dividends                               $22,000           $22,000

Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage

= (2,000 × $100) × 5%

= $10,000

6 0
2 years ago
Harrod Company paid $4,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The b
Cerrena [4.2K]

Answer:

Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

Explanation:

The journal entry is given below

Insurance expense A/c Dr $2,400

        To Prepaid Insurance $2,400

(Being insurance expense is recorded)

The computation is shown below:

= Insurance premium ÷ number of months × required months

= $4,800 ÷ 4 months × 2 months

= $2,400 months

The 2 months is taken from November 1 to December 31

6 0
3 years ago
Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10
PSYCHO15rus [73]

In this case the stranger should disregard the contract.

The key piece of information in this question is that the purchaser is only fifteen years old. In order to enter into a contract both parties must be 18 years old. Since the signer in this case is not 18 the contract is not valid.

8 0
3 years ago
Other questions:
  • The final topic of the video is about leadership and structure. The speakers promote distributed centers which are similar to th
    10·1 answer
  • Content analysis is:
    15·1 answer
  • Which of the following best represents a "supply curve"?
    10·1 answer
  • In 2006, selected new automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. Wha
    8·1 answer
  • Giving up one alternative for another is called
    10·1 answer
  • Suppose that the market equilibrium price for a good is $3.00. A nonbinding price ceiling in this market will result in a price
    10·2 answers
  • Are schools officials immune from being sued?
    10·1 answer
  • Is it good or bad to have lots of layers in a business<br> and why? What can be done?
    14·1 answer
  • You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend. T
    13·1 answer
  • If a government wants to efficiently reduce a widespread negative externality like air pollution, it must know the costs of poll
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!