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
rosijanka [135]
3 years ago
6

Western Company is preparing a cash budget for June. The company has $10,100 cash at the beginning of June and anticipates $31,9

00 in cash receipts and $38,300 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must:
a. Repay $6,300.b. Borrow $6,300.c. Repay $3,700.d. Borrow $6,400.e. Borrow $10,000.
Business
2 answers:
Anna71 [15]3 years ago
8 0

Answer:

Borrow $6,300.

Explanation:

The company has $10,100 cash at the beginning of June

and anticipates $31,900 in cash receipts

and $38,300 in cash disbursements during June.

This gives a positive balance of (10,100 + 31,900 - 38,300) $3,700 and

To maintain the $10,000 required balance, during June the company must:Borrow $6,300.

Rasek [7]3 years ago
4 0

Answer:

b. Borrow $6,300

Explanation:

To calculate the required balance to maintain $10,000 required balance, we will first calculate the current balance in the account.

The company has $10,100 at the beginning of June + anticipates $31,900 in cash receipts - $38,300 in cash disbursements during June.

$10,100 + $31,900 - $38,300 = $3,700 is the amount in the account.

Now we will calculate the amount required for the company to maintain a balance of $10,000.

$10,000 - $3,700 = $6,300

Western Company needs to borrow $6,300 in order to maintain the $10,000 required balance.

You might be interested in
Mutual funds are no longer a very popular investment. True False
Snezhnost [94]

Answer:

False

Explanation:

In fact Mutual funds are more popular in this decade than it has been years passed.

This is due to the spread of risk over a lot of investments.

It reduces the risk of the investor since they can trade in different securities with their fund.

3 0
3 years ago
Read 2 more answers
What do chapter competitions entail?
s2008m [1.1K]

Answer:

Whoever reads the chapter of the book the fastest is crowned the chapter king. It can be very competitive, and the competitors have to be very good readers.

8 0
3 years ago
Read 2 more answers
Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated to oper
allochka39001 [22]

Answer:

The advertising department expense allocated to each department are as follows:

Books Dept = $11,748

Magazines Dept = $8,010

Newspapers Dept = $6,942

Totals advertising department expenses allocated = $26,700

The purchasing department expenses allocated to each department are as follows:

Books Dept = $20,081

Magazines Dept = $10,741

Newspapers Dept = $15,878

Total purchasing department expenses allocated = $46,700

Explanation:

Note: See the attached excel for the completed table used in allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.

From the attached excel, the advertising department expense allocated to each department are as follows:

Books Dept = $11,748

Magazines Dept = $8,010

Newspapers Dept = $6,942

Totals advertising department expenses allocated = $26,700

From the attached excel, the purchasing department expenses allocated to each department are as follows:

Books Dept = $20,081

Magazines Dept = $10,741

Newspapers Dept = $15,878

Total purchasing department expenses allocated = $46,700

Download xlsx
7 0
2 years ago
The Dabble Corporation wants to begin exporting its products. The company needs advice about how to get started, as well as trad
Nana76 [90]

Answer:

Export Assistance Cente

Explanation:

Each U.S. Export Assistance Center is staffed by professionals from the SBA, the U.S. Department of Commerce, the U.S. Export-Import Bank, and other public and private organizations. Together, their mission is to provide the help you need to compete in today's global marketplace. Your local U.S. Export Assistance Center is your one-stop shop, designed to provide export assistance for your small- or medium-sized business.

7 0
3 years ago
A project has an initial cost of $18,400 and is expected to produce cash inflows of $7,200, $8,900, and $7,500 over the next thr
garri49 [273]

Answer: 2.91 years

Explanation:

The discounted payback period calculates how long it takes for the cummulative discounted cash flow to equal the amount invested.

Please check the attached image for the table explaining how the answer was gotten.

7 0
3 years ago
Other questions:
  • What information will u find in an address book
    10·2 answers
  • What is market saturation?
    10·2 answers
  • Which task would most likely be completed by a physician’s assistant?
    6·1 answer
  • In addition to higher productivity and efficiency, high-performance work systems may also include what other outcomes?
    14·1 answer
  • Theresa, an outside sales person, uses her car for both business and pleasure. Last year, she traveled 30,000 miles, using 900 g
    13·1 answer
  • Which of the following is a good example of a program?a. Planting a gardenb. Developing a new residential area that includes six
    8·1 answer
  • Suppose the money supply (as measured by checkable deposits) is currently $700 billion. The required reserve ratio is 25%. Banks
    5·1 answer
  • Suppose the Chief Financial Officer (CFO) of a company is interested in raising funds for a major investment by issuing bonds of
    14·1 answer
  • In the late 1800s, how did railroad monopolies create economic hardships for farmers?A. By claiming productive land for business
    8·1 answer
  • NewTel is a telephone company with a policy of filling positions internally through promotions, rather than hiring from outside.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!