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qaws [65]
3 years ago
15

Zhang Industries is preparing a cash budget for June. The company has $28,000 cash at the beginning of June and anticipates $95,

000 in cash receipts and $118,790 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $20,000 cash balance.
Business
1 answer:
AleksandrR [38]3 years ago
8 0

Answer:

The correct answer is $15,790.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the amount of borrow by using following formula:

Amount of borrow = Desired ending balance - Balance before adjustment

where, Balance before adjustment = Opening balance + Cash receipts - Cash disbursement

= $28,000 + $95,000 - $118,790

= $4,210

So, by putting the value, we get

Amount of borrow = $20,000 - $4,210 = $15,790

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Answer:

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Explanation:

Closing Entries

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c. Cost of Merchandise Sold: Yes it is  closed to income summary account.

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e. Merchandise Inventory : Yes it is  closed to income summary account

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g. Supplies:  No prepaid supplies are an asset account and it is included balance sheet.

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i. Wages Payable: Not closed in the income summary account.

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In which level of linkage does a company’s strategic business planning function exist without any input from the HRM department?
Naddik [55]

Answer:

The correct answer is d) Administrative linkage

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Business planning is one of the basic pillars on which the Business Plan is to be sustained: Commercial planning is a part of the strategic planning of the company, which aims to develop action programs to achieve the objectives of Company marketing .

For the objectives to be met, the company must organize all available means and establish the corresponding strategies.

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These people come from different departments of the organization and work for a common goal.

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Here, this team is formed for the project of  product launch so it is an example of cross functional project team.

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3 years ago
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Sampling is a process utilized in statistical evaluation wherein a predetermined wide variety of observations are taken from a bigger populace. The method used to pattern from a bigger populace depends on the form of evaluation being accomplished, but it can encompass easy random sampling or systematic sampling.

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