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aleksandr82 [10.1K]

3 years ago

12

On January 1, Bramble Corp. has a beginning cash balance of $42000. During the year, the company expects cash disbursements of $

300000 and cash receipts of $340000. If Bramble requires an ending cash balance of $40000, the company must borrow:________

1 answer:

Natasha2012 [34]3 years ago

6 0

Answer:

this question is confusing me

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Pooled interdependence

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3 years ago

Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationa

BartSMP [9]

Answer:

<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>

Explanation:

The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.

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4 years ago

Which one of the following budgeting methodologies would be most appropriate for a firm facing a significant level of uncertaint

cricket20 [7]

Answer:

D. Flexible budgeting is the correct answer.

Explanation:

Flexible budgeting is the budget plan that changes as per the company's requirement.

The advantages Flexible budgeting are:

It assists the management of the organization to decide about the business situation and production level.

It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.

8 0

3 years ago

The Titan retires a $24.6 million bond issue when the carrying value of the bonds is $22.2 million, but the market value of the

sergiy2304 [10]

Answer:

A debit of $6.1 million to a loss account

Explanation:

The answer is A debit of $6.1 million to a loss account.

To calculate this:

the carrying value of the bonds $22.2 million is subtracted from the market value of the bonds $28.3 million.

Carrying value, $22.2 million, less cash paid to retire the bonds of $28.3 million

= $28.3 - $22.2

= $6.1 million to a loss account.

7 0

3 years ago

Sunland Company issues $1.90 million, 10-year, 8% bonds at 98, with interest payable each January 1. Your answer is correct. Pre

SOVA2 [1]

Answer:

1. Jan 1

Dr Cash $1,862,000

Dr Discount on bonds $38,000

Cr Bonds payable $1,900,000

2.

Dr cash $1,938,000

Cr bonds payable $1,900,000

Cr Premium bonds $38,000

Explanation:

Sunland Company

1. Jan 1

Dr cash

Dr Cash $1,862,000

Dr Discount on bonds $38,000

Cr Bonds payable $1,900,000

Cash ($1,900,000 x 0.98) = $1,862,000

2.Assuming instead that the above bonds sold for 102

Dr cash $1,938,000

Cr bonds payable $1,900,000

Cr Premium bonds $38,000

Cash ($1,900,000 x 1.02) = $1,938,000

4 0

3 years ago