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Tomtit [17]
3 years ago
10

Jane is arguing with Joan about how much cash on hand their small retail outlet needs as they prepare their cash budget. Jane fe

els that with the Christmas season coming up, their busiest time, they need more cash handy. Joan feels they don't because their sales volume will be up significantly. Jane and Joan are discussing which step of the cash budgeting process
Business
1 answer:
eimsori [14]3 years ago
6 0

Answer: Determination of minimum cash balance required.

Explanation: In the give case, Jane and Joan have different opinions regarding the amount of cash balance they require for effectively operating their business, thus, we can say they are determining the adequate amount of cash balance required.

In this step, the operation in the past and the expected revenues in the future are taken into consideration for the budget making process.

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An October sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inven
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Answer:

The correct answer is:

$80,500 (b.)

Explanation:

First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:

Projected sales = 7,000

unit price = $11.50 per unit

Therefore

Price for 7,000 units = 11.5 × 7,000 = $80,500

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3 years ago
Which of the following was the first emission control device?
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Answer:

The answer is <u>A. The Muffler</u>

Explanation:

The first muffler for cars was designed in 1897.

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3 years ago
If the Federal Reserve increases the reserve requirement, what effect will this have on the nation’s money supply? a. Increase t
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The correct answer is c)
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3 years ago
Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6300, $11,300, and $
sladkih [1.3K]

Answer:

$27,642.86

Explanation:

To determine the price Marko will pay today to buy ABC Co, one has to find the present value of the cash flows.

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator.

Cash flow in year one = $6300

Cash flow in year two = $11,300

Cash flow in year three = $17,500

I = 11%

Present value = $27,642.86

To find the present value using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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3 years ago
you are working on creating a business document with two other co-workers . based on just this information,which of the followin
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Answer:

scooby doo????

Explanation:

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