Here is the cash budget for Danner Company:
DANNER COMPANY <span>
Cash Budget
For the Two Months Ending February 28, 2017
............................................. January..........
February
Beginning cash balance........ 58,185............ 35,557
Receipts
Collections from customers.... </span>109,905............ 193,950<span>
Sale of investment ................ </span>15,516.......... ....... - <span>
Total receipts ........................ 125,421 ............193,950
Total available cash........ .....183,606 ............229,507
Less: Disbursements
Payments to suppliers ............ </span>64,650............ 96,975<span>
Wages …………………………...</span>38,790............ 58,185<span>
Administrative expenses .......... 25,214 ............
30,386
Selling expenses ..................... </span>19,395............ 25,860<span>
Total disbursements .......... ....148,049 ............211,406
Excess of available cash
over disbursements ............... 35,557 ..........
.... 18,101
Financing .......... .......... ............ -
.......... .........7,759
Ending cash balance .......... .... 35,557
.......... ... </span><span>25,860</span>
The characteristics of a competitive market, and a monopolistically competitive market are:
- Price is equal to marginal cost - competitive market,
- Easy entry and exit - both
- Few sellers - neither
- Homogeneous product - competitive market,
<h3>How are competitive and monopolistically competitive markets related?</h3>
Both competitive and monopolistically competitive markets are easy to enter and exit from but only competitive markets have their pruice equal to their marginal cost.
The goods in a monopolistically competitive market is slightly variated while those in competive markets are homogenous.
Find out more on monopolistically competitive markets at brainly.com/question/25717627
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Answer:
15 percent; 12 percent
Explanation:
Reserves is defined as the required amount that a bank must hold in its vault and at the nearest Federal Reserve bank. It is a proportion of the total deposits that customers have with the bank.
Reserve = Cash in vault + Cash with Federal Reserve
Reserve = 70 million + 80 million
Reserve= $150 million
Reserve ratio= (Reserve ÷ Total deposit) * 100
Reserve ratio= (150 million ÷ 1 billion) * 100
Reserve ratio= 15%
A fall in reserve requirement causes excess reserve of $30 million
New reserve= Old reserve - Excess reserve
New reserve= 150 million - 30 million= $120 million
New reserve ratio= (120 million ÷ 1 billion) * 100
New reserve ratio= 12%
knowing how to work with heavy machinery
Answer:
a. Vertical
Explanation:
The vertical acquisition means the acquisition where the company purchased one of the suppliers. Like the manufacturing company buys the product i.e. not fully developed so here for fully developed the company purchased out its supplier so this we called as a vertical acquisition
Now as per the given situation since the food markets would be purchased Meat processors so this represent the vertical acquistion
hence, the correct option is a.