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
Marianna [84]
3 years ago
13

Wright ​Services, Inc., has $ 8 comma 800 cash on hand on August 1. The company requires a minimum cash balance of $ 7 comma 400

. August cash collections are $ 548 comma 400. Total cash payments for August are $ 563 comma 380. Prepare a cash budget for August. How much​ cash, if​ any, will Wright need to borrow by the end of August​?
Business
1 answer:
Marysya12 [62]3 years ago
4 0

Answer:

- $13,580

Explanation:

The preparation of the cash budget for August month is shown below:

Cash on Hand on August 1                $8,800

Add: August cash collections            $548,400

Total cash available                            $557,200

Less: Total cash payments                - $563,380

Ending cash balance                          - $6,180

Less: Minimum cash balance             - $7,400

Borrowed amount                              - $13,580

You might be interested in
A company borrowed $19,000 by signing a 180-day promissory note at 10%. The maturity value of the note is: (Use 360 days a year.
emmasim [6.3K]

Answer:

$950

Explanation:

Calculation to determine what The maturity value of the note is:

Maturity value of the note=$19000*10%*180/360

Maturity value of the note=$950

Therefore The maturity value of the note is: $950

6 0
2 years ago
Dave Malloy is a marketing director for the Redding Company. His recent trip to a developing Asian country got off to an awkward
xxMikexx [17]

Answer:

d. cultural

Explanation:

Cultural barrier -

It is the expectation or rule according to any culture which prevents someone for any other culture from being included .

The most common cultural barriers are the religion and language .

Same is the case with Dave Malloy , as he treated the with a hearty handshake , but did not get a warm or good regards from the other person .

Because for each and every cultural and religion , the method of welcoming someone is different , hence , the case given in the question is of cultural barrier .

8 0
3 years ago
As part of its commitment to quality, the J. J. Borden manufacturing company is proposing to introduce just-in-time (JIT) produc
Kobotan [32]

Answer:

A. $74,100 $954,700

B. $880,600

Explanation:

A. Preparation to estimate the financial benefits associated with the adoption of JIT

Current situation After JIT

Sales 1,430,000 1,810,000

Less costs

Production level support 214,500 72,400

(15%*1,430,000=214,500)

(4%*1,810,000=72,400)

Variable manufacturing overhead 400,400 181,000

(28%*1,430,000=400,400)

(10%*1,810,000=181,000)

Direct material 429,000 362,000

(30%*1,430,000=429,000)

(20%*1,810,000=362,000)

Direct manufacturing labor 286,000 235,300

(20%*1,430,000=286,000)

(13%*1,810,000=235,300)

Inventory financing costs 26,000 4,600

(10%*260,000=26,000)

(10%*46,000=4,600)

Total costs 1,355,900 855,300

Operating profits $74,100 $954,700

(1,430,000-1,355,900)

(1,810,000-855,300)

Therefore the the financial benefits associated with the adoption of JIT will be $74,100 $954,700

B. Preparation for the estimated change in annual operating income attributable to the JIT implementation

Current situation After JIT Change

Sales 1,430,000-1,810,000=-380,000

Less costs

Production level support 214,500-72,400 =142,100

Variable manufacturing overhead 400,400 -181,000=219,400

Direct material 429,000-362,000=67,000

Direct manufacturing labor 286,000- 235,300= 50,700

Inventory financing costs 26,000-4,600 =21,400

Total costs 1,355,900-855,300=500,600

Operating profits 74,100-954,700=880,600

Therefore the estimated change in annual operating income attributable to the JIT implementation will be 880,600

8 0
2 years ago
Which of the following real estate investments involves purchasing real estate and selling it for profit within a short period o
coldgirl [10]

Answer:

b

Explanation:

when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months

5 0
2 years ago
Read 2 more answers
A company reported that its bonds with a par value of $50,000 and a carrying value of $59,000 are retired for $62,400 cash, resu
oee [108]

Answer:

The answer is ($62,400)

Explanation:

Cash flow only deals with cash. Statement of Cash flow is one of the three Financial statements and this records ONLY the cash that is coming in and out of the business

The company coughed out $62,400 cash. This is the money that will be recorded under cash flows from financing activities and not the $59,000.

So the narration will be:

Cash for retiring bonds.......($62,400)

4 0
2 years ago
Other questions:
  • The residential division of Prism's high-speed Internet service uses one advertising agency, while its commercial division uses
    15·1 answer
  • Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction fo
    11·1 answer
  • Waste that comes from the production of consumer goods, mining, agriculture, and petroleum extraction and refining is
    6·1 answer
  • The Allowance for Bad Debts account has a debit balance of $ 9 comma 000$9,000 before the adjusting entry for bad debts expense.
    15·1 answer
  • The Crockery Pottery Company completed the flexible budget analysis for the second​ quarter, which is given below.
    14·1 answer
  • Bruce & Co. expects its EBIT to be $185,000 every year forever. The firm can borrow at 9 percent. Bruce currently has no deb
    15·1 answer
  • The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they
    14·1 answer
  • Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future v
    11·1 answer
  • A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place
    7·1 answer
  • If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!