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
Anna007 [38]
3 years ago
14

Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $21,000. Budgeted cash receipts tot

al $100,000 and budgeted cash disbursements total $99,000. The desired ending cash balance is $55,000. The company can borrow up to $130,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance. (Input all amounts as positive values. Omit the "$" sign in your response.)
Cash balance, beginning
Add cash receipts
Total cash available
Less cash disbursement
Excess (deficiency) of cash available over disbursements
Borrowings
Cash balance, ending
Business
1 answer:
Bezzdna [24]3 years ago
7 0

Answer and Explanation:

The Preparation of company's cash budget is shown below:-

Beginning cash balance     $21,000

Add: Cash receipt                $100,000

Total cash available             $121,000

Less: Cash disbursement    $99,000

Excess of cash available

over disbursement               $22,000

Add: Borrowings                   $33,000

Cash balance, ending          $55,000

You might be interested in
Corporation and limited liability (limited partnership) company taxed twice.
alekssr [168]

Option[A] is the correct answer.

Corporation and limited liability (limited partnership) company taxed twice.

Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.

<h3>What is Double Taxation?</h3>

When business profits are taxed both at the corporate and personal levels, C corporations are subject to double taxation. Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.

To know more about 'Double Taxation', visit: brainly.com/question/15869439

#SPJ4

8 0
1 year ago
Bond appraisals are used in the municipal secondary market because:_______. I the market is thin II the market is active III tra
gogolik [260]

Answer: B. I and IV

Explanation:

An appraiser bond is simply an insurance form that is bought by appraisers which indicates total compliance with the regulations and the laws in their field.

Bond appraisals are used in the municipal secondary market because the market is thin and trades are not reported to a consolidated tape.

4 0
3 years ago
On September 1, 2021, Southwest Airlines borrows $39.5 million, of which $7.0 million is due next year. Show how Southwest Airli
Alik [6]

Explanation:

The recording of the $39.5 million debt in balance is presented below:

                                               Balance sheet  

Current liability

Current portion of long term debt           $7,000,000

Long term liability

Notes payable                                          $32,500,000

Total liabilities                                          $39,500,000

4 0
4 years ago
Merlin Anson owns Unix Computers, a company with five employees. As a small business owner, he has several options for payroll p
Tom [10]

Answer: amount of money he wants to spend on the payroll processing. Also, he has to consider the independent contractors

Explanation:

From the question, we are informed that Merlin Anson owns Unix Computers, a company with five employees and that as a small business owner, he has several options for payroll processing.

The factors that he should consider when deciding on which payroll processing option is best for Unix Computers are amount he wants to spend on the payroll processing. Also, he has to consider the independent contractors. These two are essential to know which option is good for the company.

3 0
3 years ago
transformational leaders enhance performance of employees by ________. Select one: a. restricting creativity among employees b.
RUDIKE [14]

Answer:

b. establishing goals, roles, and requirements

Explanation:

This will go a long way tonenhance performance. Goals formation will give a sense of direction for the employees. Assigning Roles makes them responsible for an action

3 0
3 years ago
Read 2 more answers
Other questions:
  • Lucinda buys a new gps system for​ $250. she receives consumer surplus of​ $75 from the purchase. what value does lucinda place
    12·1 answer
  • Irving spent the day shopping and made the following purchases: Item Cost ($) Novel 8.75 Shirt 21.66 Lunch 9.13 Potted plant 16.
    11·2 answers
  • Argentina can produce either 20 units of cloth or 2 units of wine, while Chile can produce either 24 units of cloth or 12 units
    14·1 answer
  • What does our government do with tax money? How does government affect the business cycle? Income distribution?
    13·1 answer
  • Country C used to be a command economy but is now in the process of altering its economic system to embrace free-market capitali
    14·2 answers
  • Basic Break-Even Calculations Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials
    14·1 answer
  • At the local ballpark, the team charges $5 for each ticket and expects to make $1,400 in concessions. the team must pay its play
    13·1 answer
  • Sprint Planning is the only occasion where the Development Team estimates the Product Backlog Items A. True, because without est
    13·1 answer
  • Your cover letter should be no more than 1 page each
    5·1 answer
  • The four-firm concentration ratio in this industry is ________. Group of answer choices 21% 79% 94% 58% 41%
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!