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
IgorC [24]
3 years ago
7

Blake Company has $15,000 cash at the beginning of June and anticipates $50,000 in cash receipts and $34, 500 in cash disburseme

nts. Blake Company requires a minimum cash balance of $10,000 and maintains no more than $20,000 on hand. Any excess cash over the maximum is used to pay down debts. The firm has an agreement with its bank to borrow as needed or repay loans as funds become available. As of May 31, the company owes $15,000 to the bank. The balance of the loan on June 30 will be:
a. $19, 500
b. $9, 500
c. $15,000
d. $4, 500
Business
1 answer:
rodikova [14]3 years ago
6 0

Answer:

balance of the loan  = $4500

correct option is d. $4, 500

Explanation:

given data

cash at the beginning = $15,000

cash receipts = $50,000

cash disbursements = $34, 500

minimum cash balance = $10,000

maintains = $20,000

company owes = $15,000

to find out

balance of the loan

solution

we get here first excess that is

excess = $15,000 + $50,000 - $34, 500

excess = $30500

so used to loan replay will be here as

used to loan replay  = $30500 - $20,000

used to loan replay  = $10500

so balance of loan will be here

balance of the loan  = $15,000 - $10500

balance of the loan  = $4500

correct option is d. $4, 500

You might be interested in
Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling fo
wolverine [178]

Answer: Option C

Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.

In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.

Thus, from the above we can conclude that the correct option is C.

4 0
3 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical produ
Diano4ka-milaya [45]

Answer:

Difficult entry, Mutual interdependence, Market is control by a few large firms.

Explanation:

An Oligopolistic market very few organisations control a particular market share. Likewise, when another organisation attempts to enter the market, there are obstructions set up by the current organisations. Similarly, if one organisation changes or alter a commodity, it affects all other firms and organisations. So there is mutual interdependence in the oligopolistic market. There is high mutual interdependence because firms produce identical or the same goods and services.

6 0
3 years ago
Some interviewers may use questions to lead the client and sell their own points of view. This is known as ________. a. ​questio
mars1129 [50]

Answer:

The correct answer is letter "A": questions as statements.

Explanation:

Using questions as statements is a selling technique in which the salesperson allows the prospective buyers to lead the interview by their ideas about a project so they implicitly assume they are having the approval of the salesperson on their thoughts which will make them feel more comfortable about the product, thus, increasing the possibility of them making the purchase. Clerks must make sure that most of the ideas of the buyers match the product they are attempting to acquire no to give consumers a false expectation.

7 0
3 years ago
Pierce wishes to purchase a municipal bond with a par value of $500 from Chattahoochee County, and he is trying to decide which
Mrrafil [7]

He should take the option one of sales commission of 3.1% on each bond. If he takes the 2nd option, he is required to pay 24$ per bond. But if he takes the ist option, he is required to pay 15.5$ per bond. 88.754 is the market rate. Total investment is of 500$. Multiply the commission rate with the amount and you get 15.5 $. There is a difference of 8.5 dollars between the two options.

6 0
3 years ago
Read 2 more answers
Flint Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the mar
aleksklad [387]

Answer:

$414,282.91

Explanation:

The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :

FV = $440,000

PMT = ($440,000 x 9%) ÷ 2 = $19,800

P/yr = 2

N = 9 x 2 = 18

I/yr = 10%

PV = ?

Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91

4 0
3 years ago
Other questions:
  • A rights offering that gives existing target shareholders the right to buy shares in either the target or an acquirer at a deepl
    15·1 answer
  • The chapter says that for consumers as a​ group, Quiznos sandwiches are normal goods and Subway sandwiches are inferior goods. B
    7·1 answer
  • Which action would be the least likely to be considered protected speech or a protected action?
    15·2 answers
  • Ramon, a single taxpayer with no dependents, has adjusted gross income for 2019 of $98,000 and his itemized deductions total $19
    7·1 answer
  • What is one main objective in the studies of economics
    8·2 answers
  • A company seeking investment opportunities has collected the following​ information:Project AProject BProject CProject DInitial
    6·1 answer
  • When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After the price falls to $1.35 each, 510 hot dogs are
    11·1 answer
  • Ginocera Inc. is a designer, manufacturer, and distributor of low­cost, high­quality stain­ less steel kitchen knives. A new kit
    5·1 answer
  • What is the maximum total depreciation deduction that Chaz may deduct in 2020?
    6·1 answer
  • When freelancers sell to publisher the right to use a piece only once, and there is no guarantee that it has not been published
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!