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worty [1.4K]
3 years ago
5

For​ August, Bletchley Blinds will have cash receipts of​ $97,000 and cash disbursements of​ $108,000. If its beginning cash is​

$5,000 and its desired reserve is​ $2,000, what will be its shortfall in cash for the​ month?
Business
1 answer:
Rama09 [41]3 years ago
5 0

Answer:

$8,000

Explanation:

The cash balance is computed as follows.

Opening balance, 5,000

Less desired reserve, (2,000)

Cash available for use = 3,000

Add cash receipts, 97.000

Less cash disbursements, (108.000)

Net balance = (8,000)

There, cash shortfall at the end of the month is $8,000.

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Answer:

Distinguish between an absolute advantage and a comparative advantage is discussed below.

Explanation:

Absolute advantage and a comparative advantage

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5 0
2 years ago
The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 25% for 2 years, after whi
Greeley [361]

Answer:

option b is correct

current stock price is $42.64

Explanation:

given data

dividend = $1.75

growth rate = 25% for 2 year

growth rate 1 = 6%

required return 2 = 12%

to find out

current stock price

solution

we will find here first stock price after 2 year that is

stock price = cash flow at 2 year end × ( 1+rate ) / ( rate 2 - rate1 )    ..................1

so here  cash flow at 2 year end = 1.75×1.25 = 2.1875

2.1875 × 1.25 = 2.734

stock price = 2.734  × ( 1+ 0.06 ) / ( 0.12 - 0.06 )  

stock price = 48.30

so stock price at 0.12 return

= cash flow at 1 year / ( 1+ rate 2 ) + cash flow at 2 year / ( 1+ rate 2 )² + stock price / ( 1+ rate 2 )²

= 2.1875 / ( 1+ 0.12 ) +  2.734 / ( 1+ 0.12 )² + 48.30 / ( 1+ 0.12 )²

= $42.64

so option b is correct

current stock price is $42.64

8 0
3 years ago
McCoy's Fish House purchases a tract of land and an existing building for $990,000. The company plans to remove the old building
bekas [8.4K]

Answer:

$ 1,001,800

Explanation:

The following costs will be included in th cost of land

Purchase cost: 990,000

Closing cost: 2,900

Back Taxes: 8,900

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Total cost of land= 990,000+2,900+8,900=   1,001,800

6 0
3 years ago
3. The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the st
Dafna11 [192]

Answer:

Weakness 1 is signed paper are not stored in safe and secured location.

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The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.

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