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
Lapatulllka [165]
3 years ago
5

Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,0

00 in cash receipts and $34,500 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:
Business
1 answer:
topjm [15]3 years ago
7 0

Answer:

$2,500

Explanation:

Opening balance                             $12,000

Cash receipts                                   $30,000

Cash disbursement                        ($34,500)

Closing balance                                $7,500

Minimum cash balance                    $10,000

Borrowing amount(1$0,000-$7,500)     $2,500

To maintain $10,000 cash balance western company need to borrow $2,500($10,000-$7500)

You might be interested in
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 30,000 shares authorized, 15,0
Natasha_Volkova [10]

Answer:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

Explanation:

Preparation of the journal entry to record the dividend declaration

Based on the information given we were told that the Corporation declared the amount of $0.50 per share cash dividend on common shares in which 12,000 shares of the common stock are outstanding, hence The journal entry to record the dividend declaration is:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

(12,000*$0.50)

5 0
3 years ago
Bilbo signs a lease agreement for an apartment with Cato, who owns and manages the Deer Creek Apartments complex. These parties
worty [1.4K]

Answer:

C

Explanation:

an implied contract

7 0
2 years ago
Assume that General Electric (GE)'s current assets are $401 billion, fixed assets are $797 billion, current liabilities are $323
notka56 [123]

Answer:

Answer is explained below in the explanation section.

Explanation:

Solution:

We can not solve this question as it lacks necessary data.

1. GE's Translation Exposure using current/noncurrent:

$401 billion - $401 billion = 0.

0 is the GE's translation exposure using current/noncurrent method.

2. Using Monetary/Non-monetary:

We can not calculate this requirement as we don't have the breakdown of GE's assets and liabilities under monetary/nonmonetary. So, it is not possible under the given information.

3. GE's Translation Exposure using Temporal method:

Again, we do lack necessary data to solve for this requirement. We need GE's breakdown of current assets and inventory and monetary assets to solve this question. Therefore, it is not possible to solve this question.

4. GE's Translation Exposure Using Current Rate methods:

GE's Exposure = (Current Assets + Fixed Assets) - Current Liabilities

GE's Exposure = ($401 billion + $797 billion) - $323 billion

GE's Exposure = ($1198 billion) - $323 billion

GE's Exposure = $875 billion

8 0
3 years ago
The management of Krach Corporation would like to investigate the possibility of basing its predetermined overhead rate on activ
Effectus [21]

Answer:

<em>16,800 dollars.</em>

Explanation:

<em>Overhead rate predetermined at availability. </em>

= Approximate overhead processing times / Capacity machine hours.

= $33,600 / 24,000.

= $1.4 per hour on machine.

<em>Cost of Resources not used. </em>

= (Machine hours at capacity - Actual machine hours) x Overhead speed estimated at load.

= ( 24,000 - 12,000) x $1.4.

= 16,800 dollars.

3 0
3 years ago
Read 2 more answers
QUESTION 9 of 10: The skill set to predict the various aspects of the business several months or even years into the future is c
HACTEHA [7]

Answer:

b) Forecasting

Explanation:

6 0
2 years ago
Other questions:
  • Christian brought his proposal to Rita before the meeting saying, "I’m sure you have some ideas on this, and we could try to get
    7·1 answer
  • Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His frien
    15·1 answer
  • Knowing the uses of Word can help people make decisions on how best to navigate the application.
    10·2 answers
  • Japan has increased the price of rice imported from the united states through a tax on american rice. this is a form of
    11·1 answer
  • Moss County Bank agrees to lend the Ivanhoe Company $365000 on January 1. Ivanhoe Company signs a $365000, 6%, 9-month note. The
    14·1 answer
  • Which of the following should be pracited among all co workers in the workplace
    11·1 answer
  • LoRider Wheels sells high-quality bicycles and accessories. The store is known for a pleasant environment, friendly salespeople
    9·1 answer
  • A car dealership spends $140,000 on cars to stock their lot. After a day of sales, they earn a total revenue of $300,000. What i
    10·1 answer
  • Walmart Approximately what percentage of shrink is caused by theft
    14·1 answer
  • List two types of discounts and explain how they work for consumers.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!