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
lys-0071 [83]
3 years ago
5

Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts tota

l $104,000 and budgeted cash disbursements total $87,000. The desired ending cash balance is $70,000. The company can borrow up to $90,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
Business
1 answer:
Lunna [17]3 years ago
6 0

Answer:

                                                     Zolezzi Inc.

                                          Cash budget for March

                                                       Amount in $'000                          

Opening balance                                27

Add;

Cash receipts                                    104      

Less;

Cash disbursements                       <u>  (87)</u>                

Ending balance                                  44  

Amount to be borrowed                   <u> 26</u>  

Desired ending balance                   <u> 70 </u>                                                                                                

Explanation:

The cash budget a forecast of the expected movement in cash balance. This is as a result of expected cash receipts and disbursements and may be expressed mathematically as

opening cash balance + cash receipts - Cash disbursed = closing cash balance

27 + 104 - 87 = ending balance

Ending balance = 44

Desired ending balance = 70

Amount to be borrowed = 70 - 44

= 26

You might be interested in
"in which type of operations are you likely to see, at most, only minor variations in the product or service being produced usin
Pani-rosa [81]
Repetitive production
8 0
3 years ago
When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.
o-na [289]

It is False When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.

Because Interest rates typically decline during recessions as loan demand slows, bond prices rise and the central bank eases monetary policy. During recent recessions, the Federal Reserve has cut short-term rates and eased credit access for municipal and corporate borrowers. No price in the economy is as important as the price of money. Interest rates arguably drive the business cycle of expansion and contraction.

Interest rate is the amount a lender charges a borrower and is a percentage of the principal the amount loaned.

Recession is a period when the business and industry of a country is not successful.

Corporate is formed into an association and endowed by law with the rights and liabilities of an individual.

To know  more about the Interest Rate here

brainly.com/question/13324776

#SPJ4

4 0
1 year ago
Pepsodent launched a new product that could whiten teeth, fight decay, and maintain fresh breath. Observing that Pepsodent did n
Scorpion4ik [409]

Answer:

flank attack

Explanation:

Based on the scenario being described within the question it can be said that this is an example of a flank attack. This is the marketing strategy that focuses on attacking the different weak points of the competitors in the market. Which is what Colgate is doing by focusing on the one aspect that Pepsodent has not targeted in order to overtake all of their market share on their newly launched product.

8 0
3 years ago
Read 2 more answers
Jamie earned a raise in pay when he finished the training for the Technician 2 position. He will receive another raise when he f
coldgirl [10]

Answer: Structured compensation program

Explanation: In a structured compensation program the company structures the pay of employees on the basis of a predetermined criteria. The abilities needed to get promotion in such structure could be fixed on the basis of time period served or any other such criteria.

In the given case, Jamie gets promotion at every stage by passing a certain test. Thus, we can conclude that the company is performing structured program.

5 0
2 years ago
If a firm has a limited capital budget and too many good capital projects to fund them all, it is said to be facing the problem
nexus9112 [7]

Answer:

"Capital rationing" would be the appropriate answer.

Explanation:

  • Capital rationing is a systematic process for allocating remaining cash through various alternative investments, thus growing the bottom line of a financial institution.
  • It consists of calculating profitability economic indicators across all projects as well as choosing the best ventures which result in the highest present value especially when associated.

8 0
2 years ago
Other questions:
  • Suppose a period of continuous political instability leads to people to believe that the economy will slide into a deep recessio
    8·1 answer
  • It has been proposed that natural monopolists should be allowed to determine their profit-maximizing outputs and prices and then
    13·1 answer
  • Problem 9-20 Two investment advisers are comparing performance. One averaged a 16% rate of return and the other a 15% rate of re
    14·1 answer
  • Calculating Residual Income Pelican Manufacturing earned operating income last year as shown in the following income statement:
    10·1 answer
  • Economic growth is likely to be faster when Group of answer choices higher tax rates are imposed on high income individuals in o
    11·1 answer
  • What’s at least 5 daily responsibilities of polygraph analyst
    15·1 answer
  • The number and characteristics of sellers and buyers are known as _____.
    12·1 answer
  • Projects are also often embedded with different options that can help making decisions under uncertainty. There are techniques u
    10·1 answer
  • PLS HELP ME <br><br> the subject is economics
    9·1 answer
  • Fiscal Policy
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!