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
Akimi4 [234]
3 years ago
10

makes and sells tasty burritos for $8 per unit with a unit variable cost of $6. All sales are for cash and the variable costs ar

e paid immediately. The company has budgeted the following data for March: Sales 22160 units Cash, beginning balance $34000 Selling and administrative (of which depreciation, $5,000) $53000 Required minimum cash balance $66480 If necessary, the company will borrow cash from a bank on the first day of March. Assume that the borrowing can be made in any (exact) amount, but bears interest at 3% per month. The March interest will be paid during subsequent months. Q: What is the closest amount of cash that must be borrowed on March 1 to cover all cash disbursements and to obtain the desired March 31 cash balance
Business
1 answer:
serg [7]3 years ago
6 0

Answer:

$36,160

Explanation:

expected cash flow for March

Beginning cash balance    $34,000

Sales                                   $177,280

Variable costs                   -$132,960

S&A costs                           -$48,000      

without depreciation                        

ending cash balance          $30,320

desired ending cash         -$66,480

cash deficit to be                $36,160

covered by bank loan

You might be interested in
If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is t
Liula [17]
Based on the given values above, it is said that there are 50,000 people who are unemployed and 250,000 are employed. This means that the total number of people basing on these numbers is 300,000. So we just have to divide 50,000 by 300,000 and we get 0.17. Therefore, the unemployment rate is 17%. Hope this helps.
5 0
3 years ago
Read 2 more answers
Which of the following is recommended when paying a credit card bill?
patriot [66]

Answer:

C. Pay more than the minimum amount every month.

Explanation:

Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.

What happens when you pay more than the minimum amount every month is that you are paying not only the interest and principal that is due, but you are also paying additional principal. This additional principal payment is what will reduce the amount that will need to be paid in the future.

3 0
4 years ago
Read 2 more answers
Tamarisk, inc. has assets of $4393000, common stock of $1077000, and retained earnings of $604000. what are the creditors’ claim
Kamila [148]

$2712000 are the creditors’ claims on their assets.

The given assets = $4393000, common stock = $1077000, retained earnings = $604000, creditor's = ?

libilities = assets

creditors + common stock + retained earnings = assets

creditors + $1077000 + $604000 = $4393000

creditors + $1681000 = $4393000

creditors = $4393000 - $1681000

creditors = $2712000

Hence, creditors' claim on their assets is $2712000.

Still, a car is an assets if it's cheaper than what you paid for it because it's readily available on the market and can be turned into cash. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.

Learn more about assets at

brainly.com/question/25821437

#SPJ4

4 0
2 years ago
You have obtained a sub-sample of 1744 individuals from the Current Population Survey (CPS) and are interested in the relationsh
allochka39001 [22]

Answer:

Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.

First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.

20 + 10 +30 = 60

40 + 0 + 40 = 80

40 + 10 = 50

Then exchangeing these numbers into values and we have the following equation.

x + 2y + 3z = 60

2x + 4z = 80

2x + z = 50 so its easy

If you will solve them manually by substituting their variables into these equations, you can get

x = 20

y = 5

z = 10

Explanation:

4 0
3 years ago
Which of the following falls in the category, "place" in the marketing mix?
inna [77]

Answer: trade shows

Explanation:

In marketing mix, the place is simply referred to as the process of movement if goods and services from the producer to the prospective consumers or consumers.

The place also refers to how ones good or service is bought and the place where it is being sold. The movement could be through intermediaries like distributors, the wholesalers, retailers etc.

In the above, the place will be the trade shows.

7 0
3 years ago
Other questions:
  • Based on guidelines established by the accounting manager, Jaime, the accounts payable clerk, makes payments to vendors in order
    10·1 answer
  • All unethical behavior is criminal. True or False
    10·1 answer
  • Calculating Average Operating Assets, Margin, Turnover, Return on Investment (ROI) Forchen, Inc., provided the following informa
    15·1 answer
  • Griffen Corporation uses a standard costing system. Information for the month of May is as follows: Actual manufacturing overhea
    6·1 answer
  • Financial Statements of a Manufacturing Firm The following events took place for Rushmore Biking Inc. during February, the first
    5·1 answer
  • The top management of the company asks Earl to make use of a rating scale that will rate the​ employees' actual job behaviors. T
    8·1 answer
  • "Alan Meer inherits a hotel from his grandmother, Mary, on February 11 of the current year. Mary bought the hotel for $730,000 t
    6·1 answer
  • A manufacturer uses activity-based costing to assign overhead costs to products. Budgeted cost information for selected activiti
    13·1 answer
  • Difference between assets and liabilities.
    14·1 answer
  • gre ets if germany’s total tax revenue in 2000 was approximately $170 billion, approximately what was the amount of the total re
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!