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NikAS [45]
3 years ago
9

Stern Corporation's management wants to maintain a minimum monthly cash balance of $8,000. At the beginning of September, the ca

sh balance is $12,270, expected cash receipts for September are $97,200, and cash disbursements are expected to be $115,000. How much cash, if any, must Stern borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget.
Business
1 answer:
krek1111 [17]3 years ago
7 0

Answer:

Stern must borrow 13,530dollars at least to achieve is minimum monthly cash balance.

Explanation:

beginning cash balance:             $  12, 270

cash receipts                               $  97,200

cash disbursements              <u>      $(115,000)   </u>

cash balance before financing:  $   (5,530)

minimun balance required          $    8,000

financing requirement: 8,000 - (-5,530) = 8,000 + 5,530 = 13,530

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The union created when member countries of an economic and monetary union work closely with one another to arrive at common defe
nata0808 [166]

Answer:

Political union

Explanation:

Political Union is a union created when member countries of an economic and monetary union work closely with one another to arrive at common defense and foreign policies and behave as a single country.

Political union is when smaller states come together to form one state.

Forms of a political union includes:

Incorporating union

Incorporating annexation

Federal (or confederal ) union

Federative annexation

Mixed unions

I hope my answer helps you.

3 0
3 years ago
The major disadvantage of a trust is
lord [1]
The major disadvantage of a trust is

b.
lack of privacy.
3 0
3 years ago
Read 2 more answers
The insurance claims organization that offers certification as a certified medical billing specialist is the
larisa86 [58]
Medical Association of Billers is the insurance claims organization that offers certification as a certified medical Billing specialist. It is a membership organization that provides health care billing training and education, CEUs, and the cerified Medical Billing specialist (CMBS) exam.
4 0
3 years ago
A 30-year zero coupon bond with a face value of $5,000 is currently selling for $1,156.88 and has a market rate of interest of 5
daser333 [38]

Answer:

Price will increase by $277.58

Explanation:

Market rate of Interest of a zero coupon bond can be determined by following formula

Market Rate of Interest = [ ( F / P )^(1/30) ] - 1

4.25% = [ ( $5000 / P )^(1/30) ] - 1

0.0425 + 1 = ( $5000 / P )^1/30

( 1.0425 )^30 = (( $5000 / P )^1/30)^30

3.4856 = $5000 / P

P = $5,000 / 3.4856

P = $1,434.46

Now Calculate the change in Price

Change in price = $1,434.46 - $1,156.88 = $277.58

Price will increase by $277.58

5 0
3 years ago
Historically, a factory has been able to produce a very specialized nano-technology component with 35% reliability, i.e., 35% of
pochemuha

Answer:

Yes

Explanation:

From the given output

The  Probability of getting 13 or more passed

when the  reliability = 0.35. can be calculated as follows

=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422   ≈  4.2%

Since the probability is less than the  5% level we will therefore reject the Null hypothesis  

answer : YES

5 0
3 years ago
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