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ArbitrLikvidat [17]
3 years ago
14

MC Qu. 110 Southland Company is preparing... Southland Company is preparing a cash budget for August. The company has $17,100 ca

sh at the beginning of August and anticipates $121,000 in cash receipts and $134,600 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer:

The preliminary cash balance at the end of August before any loan activity is $3,500

Explanation:

For calculating the borrowed amount, first we have to compute the cash available for use and cash payment.

So,

Cash available for use is equals to

= Beginning balance + Cash receipts

= $17,100 + $121,000

= $138,100

And, the cash disbursement is $134,600

So the preliminary cash balance is equals to

= Cash available for use - cash disbursement

= $138,100 - $134,600

= $3,500

Hence, The preliminary cash balance at the end of August before any loan activity is $3,500

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Reil [10]

Answer:

666.666667

Explanation:

If you work it backwards by divison, you would do 4,000/6.

This will give you 666.666667.

To double check your work, you can do 666.666667 x 6 which equals 4,000.

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3 years ago
Where can you go in the Banking Center to review downloaded bank feed transactions that have already been matched to existing tr
hjlf

Answer:

Where can you go in the Banking Center to review downloaded bank feed transactions that have already been matched to existing transactions in QuickBooks Online?

a. For Reviewed tab

Explanation:

In QuickBooks online, you have the Reviewed tab where you can download at least the last 90 days of transactions, made with your bank or credit card. QuickBooks is also able to categorize all the downloaded transactions you have done. In the reviewed tab you can find all the accepted bank transactions.

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3 years ago
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Answer:

True

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Hence, we can conclude that the main quality of a financial statement is  that it must be timely (i.e should be available immediately at the end of the financial year for it to be useful because when delayed, it become useless.

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3 years ago
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learn more about amendments here.   brainly.com/question/458137

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The account, Stock Investments, is:________.
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