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Sladkaya [172]
3 years ago
9

Sparks Corporation has a cash balance of $5,480 on April 1. The company must maintain a minimum cash balance of $5,000. During A

pril, expected cash receipts are $56,200. Cash disbursements during the month are expected to total $60,600. Ignoring interest payments, during April the company will need to borrow:___________
a) $5,000
b) $4,400
c) $1,080
d) $3,920
Business
1 answer:
beks73 [17]3 years ago
5 0

Answer:

d) $3,920

Explanation:

The computation of the borrowed amount is shown below:

= Beginning cash balance + expected cash receipts - expected cash disbursements - minimum monthly cash balance

= $5,480 + $56,200 - $60,600 - $5,000

= $3,920

We easily add to the starting cash balance the estimated cash receipts and deducted the expected cash disbursements and the minimum monthly cash balance, in order to get the correct value

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If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.
Novay_Z [31]

Answer:

3%

Explanation:

Real GDP per person is a measure of the economic wellbeing of the populace of a country.

Real GDP per person = Real GDP / population

6% / 2% = 3%

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

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3 years ago
You have graduated from college but unfortunately have $39,000 in outstanding loans. The loans require payments of $3,435 per ye
vladimir1956 [14]

Answer:

15.44 years

Explanation:

Using both excel rate function and financial calculator, the time taken to repay the debt can be computed thus:

Excel rate function:

=nper(rate,pmt,-pv,fv)

rate= interest rate=4%

pmt=yearly payment=c

pv=loan oustanding=-39000

fv=the balance after all payments should be zero=0

=nper(4%,3435,-39000,0)= 15.44 years

Financial calculate

PMT= 3435

RATE=4

PV=-39000

FV=0

CPT N=15.44 years

This means a payment of $3,435 per year for 15 years  and $ 1,511.40  ($3,435*0.44) in the sixteenth year

3 0
3 years ago
Hi, I'm 16 almost 17 next month and I'm getting a job at McDonald's. I am just curious about how much my first check will be if
Ganezh [65]

Answer:

it should be around $480 every two weeks

Explanation:

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4 years ago
Given that unit cost = $25, annual carrying charge = 10%, annual demand = 4000 units and ordering cost = $15 per order, the eoq
lutik1710 [3]
$2 per screw.<span>4000 units</span>
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4 years ago
People who use white hat SEO tactics try to trick the search engine into thinking a website has high-quality content, when in fa
kiruha [24]

Answer:

False

Explanation:

White hat SEO is also called simply SEO and it is the practice of improving content of a website using approved Google search engine optimisation techniques.

Search engine optimisation is the process by which content of a website are made to be of high quality. Search engines rank web content based on how relevant they are to the enquiry made.

The more relevant the content the higher it ranks on search engines.

However black hat SEO techniques are used to fool search engines into thinking the content is of high quality. Practices such as keyword stuffing is a black hat technique which is penalised by Google.

3 0
3 years ago
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