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
nataly862011 [7]
3 years ago
11

Karim Corp. requires a minimum $8,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% inter

est per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,400 and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) are:
July August September
Cash receipts $ 20,000 $ 26,000 $ 40,000
Cash disbursements 28,000 30,000 22,000
Business
1 answer:
Arisa [49]3 years ago
3 0

Answer:

                                                   July               August              Sept.

Beginning cash balance        $8,400            $8,000           $8,000

Cash receipts                       $20,000          $26,000        $40,000

Cash disbursements          ($28,000)        ($30,000)      ($22,000)

Sub-total                                    $400            $4,000         $26,000

Interests                                         $0                ($72)             ($113*)

<u>Loan                                        $7,200            $4,072          ($11,272)</u>

Total                                       $8,000            $8,000           $14,615

*Rounded to the nearest dollar

You might be interested in
In September 2000 the Pullman Group arranged a bond issue for the estate of the late Marvin Gaye. The collateral on the bonds (a
nata0808 [166]

Answer:

The bond will sell for the amount of $869.17

Explanation:

According to the given data coupon amount = 50/2 = 25

Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:

selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)

selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150

 selling price of the bond= $869.17

The bond will sell for the amount of $869.17

6 0
3 years ago
The end goal of the Executive order is to provide what to the patients
dmitriy555 [2]
Death or happiness or even sadness or maybe life or a happy feeling
6 0
2 years ago
Which one of the following characteristics relates to the cash break-even point for a given project?
kap26 [50]

Answer:

The project never pays back

Explanation:

The break even point in cash is a point where the minimum revenue amount of the firm arise from sales that are needed to generate the business by having the positive cash flows

hence,  the break even point in cash represents that the project will never pays back the invested amount

Therefore all the other options are wrong

6 0
2 years ago
Anthony is putting together an employee group to help add new technology to his company's existing products. He is seeking emplo
Zarrin [17]

Answer:

True

Explanation:

True, but to achieve full success Anthony should manage his millennials properly. Despite being labeled as 'tech savvy, flexible, adaptable,  they need to feel their voices are being heard,  they're part of a team, so they will generate a stronger and stronger sense of commitment.

7 0
2 years ago
41 had investments in stock funds 91 had investments in bond funds 60 had investments in money market funds 47 had investments i
Evgesh-ka [11]

Answer:

The answer is "22 and 80"

Explanation:

The important part is to understand how the Venn diagram can assist you with your numbers.

You cannot draw this one, and you can create one as follows:

the 3 sorts of funding, then make your way back thru the list

this is the figure in the center - "22 had all 3 funds"

where the four dimensions meet. In the next three statements, you'll be able to:

Work out where 2 circles connect (remember all 22 of those circles are connected).

That's because the numerals have been already placed throughout the center zone.

bond & money market solenoid valves at a ratio of 36-22=14

36-22=14 as to where the corporate market and the term deposit intersect

47-22=25 as to where equities and bonds connect You can use the top 3 statements to work out all the values in a table.

(Set of) just one circle (circle)

for stock the number is 141-(22+14+25)=80

for the bond, the number is91-(22+14+25)=30

for the money market, the number is 60-(22+14+14)=10

(universal set) Lastly, get the number that goes into the rectangle.

\to 200-(80+30+10+25+14+14+22)=5

a) 22\\b) 80

7 0
3 years ago
Other questions:
  • ampara Corporation manufactures two styles of lamps long dash Bedford Lamp and Lowell Lamp. The following per unit data are​ ava
    11·1 answer
  • 1. Read the following scenario and answer the question in 5-10 sentences.
    10·1 answer
  • Which of these would be a good candidate for a one-variable data table and payment function?
    14·1 answer
  • Morgan Industries is comparing and contrasting its ending inventory value in terms of the three common inventory costing methods
    6·1 answer
  • Weekly demand for private label washing machines at Arcelik, a Turkish department store chain, is normally distributed with a me
    11·1 answer
  • Gary did not pay his past three payments on his mortgage. What is the possible consequence he is facing?
    11·1 answer
  • Financial instruments Financial instruments are assets that have a monetary value or record a monetary transaction. To coordinat
    12·1 answer
  • Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
    15·1 answer
  • 1. Which of the following statements is false?
    14·1 answer
  • The Internet allows consumers to access information on-demand about products. This is an example of which kind of marketing util
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!