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
vovikov84 [41]
3 years ago
14

Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $6

6,000 in cash receipts and $116,000 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $5,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.)
Business
1 answer:
DaniilM [7]3 years ago
3 0

Answer:

$5,000

Explanation:

The computation of Ending Cash balance is shown below:-

Financing

Preliminary cash Balance = Beginning cash balance + Cash receipt - Cash Disbursement + Financing

= $18,000 + $66,000 - $116,000

= -$32,000

Financing = Preliminary cash Balance + Minimum Cash Balance Required

= $32,000 + $5,000

= $37,000

Ending cash balance = Financing - Preliminary cash Balance

= $37,000 - $32,000

= $5,000

You might be interested in
From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period,
Gala2k [10]

Answer:

C) the demand curve for a college education has shifted rightward

Explanation:

If college enrollment has also increased, it means the demand for college education has increased. The demand curve for a college education has shifted rightward.

I hope my answer helps you

3 0
3 years ago
Lego Company has used the FIFO method since it began operations in 2023. Lego changed to the weighted average method in 2026. Th
Viktor [21]

Answer:

c. $14,000 increase

hope it helps

mark me as brainloeast

5 0
3 years ago
Because of the identity equation that relates to net exports, the in U.S. net exports is matched by in U.S. net capital outflow.
Serga [27]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
The legal document that describes the rights and obligations of both the bondholders and the issuer is called the bond.
viva [34]

A bond resolution is a legal document that specifies the rights of the issuer and the bondholder, the two parties to the bond contract, and allows the issuance and sale of bonds.

<h3>Who is a bondbondholder?</h3>

An investor or the owner of debt instruments, which are frequently issued by corporations and governments, is known as a bondholder. In essence, bondholders are lending money to the bond issuers. Bond holders receive their principal investment back when the bonds mature in exchange.

To learn more refer ;

brainly.com/question/15693067

#SPJ9

6 0
1 year ago
Suppose that a country's annual growth rates over a 10-year period are as follows: year growth rate 1 5% 2 3 3 4 4 – 1 5 – 2 6 2
tino4ka555 [31]
A.) The country's trend rate of growth over this period was 4.2% = (2+3+3+4+4% 1+5<span>% </span><span>2+6 +2+7+3+8+4+9+6+10+3/18)
   
b.)6-9 due to positive and increase.</span>
3 0
3 years ago
Other questions:
  • Monetary policy actions by the Fed are Multiple Choice more effective in a restrictive direction than they are in an expansionar
    9·2 answers
  • The benefit of saving some American jobs in specific industries protected from foreign competition Multiple Choice a. has risen
    10·1 answer
  • What is the purpose of the audit policy section of a local gpo?
    13·1 answer
  • The bowed shape of the production possibilities frontier can be explained by the fact that
    6·1 answer
  • Charlotte was born to a lower class family in rural pennsylvania. after taking a job in the mail room of a large corporate offic
    7·1 answer
  • A private partnership whose shares are primarily offered to wealthy individuals and large institutions and which often makes hig
    12·1 answer
  • At the broadest and vaguest level, cost-benefit analysis may be regarded simply as______________.a. systematic thinking about de
    13·2 answers
  • On May 31, 2010 Amex Corporation acquired all of 10,000 shares of Luck’s outstanding common stock by paying Br 400,000 cash and
    13·1 answer
  • Mark is facing a crucial deadline. The work is more than he can handle in the amount of time, but he has not told his manager. H
    7·1 answer
  • On January 1 of this year, Clearwater Corporation sold bonds with a face value of $ 750,000 and a coupon rate of 8 percent. The
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!