Answer:
The company must borrow $3000 and option B is the correct answer.
Explanation:
The minimum cash balance is the required balance that the company should have at the end of the period. The decision to borrow or repay will be taken by comparing the period end balance with the minimum balance. If the period end balance is higher than the minimum balance, the company may decide to repay. If it is lower than the minimum balance, the company should borrow.
The period end balance can be calculated as,
Ending balance = Opening Balance + Cash receipts - Cash disbursements
Ending balance = 17000 + 120000 - 130000
Ending balance = $7000
Difference = 7000 - 10000 = -$3000
As the ending cash balance ($7000) is less than the minimum cash balance required ($10000), the company should borrow for the amount of difference. Thus, the company should borrow $3000
The correct answer is - B) a regional organization prompting growth in Southeast Asia.
ASEAN is an organization in Southeast Asia that has as a main goal to promote the growth of the region through collaboration and support between the countries in this region.
This organization has its sights set on a future organization in the manner of the European Union, where there will be a single Southeast Asia market, and the countries will act as a unit.
It is an organization that has ten members, Brunei, Cambodia, Indonesia, Malaysia, Thailand, Vietnam, Laos, Myanmar, Philippines, and Singapore.
Answer:
She is right, it is a better option for her to continue with her painting carrer. As is provides better economic profit.
Explanation:
accounting profit:
the sum of the explicit revenues less the explicit cost
25 painting at 8,000 each 200,000
supplies expense <u> (30,000) </u>
accounting profit 170,000
economic profit:
from the accounting pprofit, it subtract the opportunity cost, which is the cost for the best rejected option.
accounting profit 170,000
opportunity cost <u> (100,000) </u>
economic profit 70,000
A sole proprietor is personally liable for the liabilities which remain unpaid after the utilization of assets. In the given case the sole proprietorship has total assets of $34,583 and liabilities of $55,867. It means total assets can be used to pay off $34,583 out of total liabilities of $55,867 and the proprietor shall be personally liable for the balance liabilities= 55867-34583 = $21,284
Hence, you are personally liable for <u>$21,284</u>
Answer:
The common size percentage for the cost of goods sold is 48.05%
Explanation:
The profit margin reflects a company's overall ability to turn income into profit, is calculated by formula:
Profit margin = Net income/Net sales
Delmont movers has a profit margin of 6.2 percent and net income of $48,900
Net sales of the company = Net income/Profit margin = $48,900/6.2% = $788,709.68
The cost of goods sold amounted to $379,000.
The common size percentage for the cost of goods sold = (The cost of goods sold/Net sales) x 100% = ($379,000/$788,709.68) x 100% = 48.05%