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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

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baherus [9]
I believe it’s true and false cuz most of the time u Can’t get into the job that u wanted all the time but you can hope but I mean a job is a job
8 0
2 years ago
Talarczyk Company sold 10,000 Super-Spreaders on December 31, 2017, at a total price of $1,000,000 cash, with a warranty guarant
Greeley [361]

Answer:

Explanation:

Sales revenue to be reported - $1,000,000

Warranty expense - $40,000

Unearned warranty revenue - $12,000

Cash = 1,000,000+12,000 = $1,012,000

Warranty liability - $40,000

5 0
3 years ago
Firms face competing pressures in the marketplace–how to achieve lower costs through proven approaches to production, while look
Solnce55 [7]

Answer:

1. Pressures for local responsiveness may make it difficult to ______________________________.

 

monitor and adapt to changing customer tastes in a large number of foreign markets

2. __________________________is the most appropriate strategy when there are substantial differences across nations with regard to consumer tastes and preferences, and where cost pressures are not too intense.

Localization strategy

3. ___________________________ is the most appropriate strategy when the firm simultaneously faces strong pressures for both cost reductions and local responsiveness.

 

Transnational strategy

4. A firm facing low pressures for local responsiveness and few pressures to contain costs might best pursue a(n) _______________________.

international strategy

5. Markets are dynamic, and any firm will face competition. In time, international and localization strategies tend to become less viable, and managers need to ________________________________.

orient their companies toward either a global standardization or transnational strategy  

Explanation:

When a company's global business activities are coordinated via cooperation and interdependence between its head office, operational divisions, and internationally located subsidiaries or retail outlets, the entity tends to realize more competitive advantages than when it uses a single strategy.  This is why the transnational strategy is offering the best alternative for international businesses in the globalized economy.

7 0
3 years ago
Read 2 more answers
Consuming 2 widgets provides 240 total utility, while consuming 3 widgets provides 270 total utility. What is the marginal utili
inessss [21]

Answer:

30

Explanation:

Data provided in the question

Total utility consuming the 2 widgets = 240

Total utility consuming the 3 widgets = 270

So by considering the above information, the marginal utility of consuming the third widget is

= Total utility consuming the 3 widgets - Total utility consuming the 2 widgets

= 270 - 240

= 30

Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets

3 0
3 years ago
3 Points
Maslowich

Answer:

C. An auction market

Explanation:

Option A is wrong because merchant wholesalers purchase any products directly from the manufacturers and sell those to the retailers, or consumers. In that case, buyers and sellers do not need to come together to complete a transaction.

Option B is incorrect as the warehouse club is recognized as a retail store where customers can purchase bulk products to reduce the expenses. In that case, only sell is the motive.

Option D is wrong because drop shippers cannot hold the inventory to their stocks. Therefore, customers and manufacturers will not come together.

<u><em>Option C</em></u> is correct because, in an auction market, the buyer and the seller have to come at the same time to complete a transaction. In that market, the buyer will directly negotiate with the seller to purchase a product or something else.

5 0
3 years ago
Read 2 more answers
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