Answer:
The firm needs to borrow $15500 to attain the desired ending balance for cash. So, option b is the correct answer.
Explanation:
The desired cash balance is the cash balance at the end of the period that is required by a firm. The amount in excess or deficit of the desired balance can be calculated by calculating the end cash balance and subtracting the desired cash balance from it.
The ending cash balance for the period can be calculated as follows,
Ending cash balance = Opening balance + Receipts - Disbursements
Ending cash balance = 40000 + 121000 - 115000 = $46000
The excess/deficit is = 46000 - 61500 = -$15500 or deficit of $15500
Thus, the firm needs to borrow $15500 to attain the desired ending balance for cash.
Answer:
$1000
Explanation:
Operating income is obtained by mulitplying contribution margin by number of units sold.
i.e., operating income = contribution X units produced
revenue per unit $25
variable cost $ 15
Units 100
Contribution margin = sales price per unit(revenue) - variable costs
=$25-$15 = $10
Operating income= $10 x 100
=$1000
Conducting a trial of the complete marketing plan in a small geographic area that is similar to the larger market a firm hopes to enter is known as: Market Test.
<h3>What is a Market Test?</h3>
A market test is a trial that is conducted to know the fate of a product in a future market.
This might require selling the product and introducing it to shops and outlets to see how the consumers will receive it. So, the correct answer is Market Test.
Learn more about Market Test here:
brainly.com/question/2889076
The answer is that the product
mixes expanded. <span>As trade grew,
Hetrick launched Fitness Anywhere and began giving out classes, instructional
videos, and other services. This development expanded the product mix and
allowed continuous success for Hetrick and his TRX.</span>
