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Free_Kalibri [48]
4 years ago
13

Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates

$120,800 in cash receipts and $134,500 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:
A. $0.
B. $10,000.
C. $6,700.
D. $7,000.
E. $27,700.
Business
1 answer:
miv72 [106K]4 years ago
8 0

Answer:

Correct option is C $6700

Explanation:

It is calculated that the net cash balance is $3,300. But, the minimum cash balance should be $10,000. The difference amount should be borrowed. Thus, $3,300 is deducted from $10,000. The amount to be borrowed by the company is $6,700.

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Answer:

Answer for the question:

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Explanation:

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Monopoly may not be a problem in contestable markets if:________.
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Potential competition exists
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True or false: Both for-profit and nonprofit businesses have the same goal of earning a profit
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3 years ago
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Keating Co. is considering disposing of equipment with a cost of $52,000 and accumulated depreciation of $36,400. Keating Co. ca
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Answer:

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Explanation:

The computation of net differential income is shown below:-

For computing the net differential income first we need to find out the net income if equipment is sold and net income if offer lease is accepted which is given below:-

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Now,

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4 0
3 years ago
Residents of the town of Maple Grove who are connected to the municipal water supply are billed a fixedamount monthly plus a cha
Lina20 [59]

Answer:

Household using 1000 cubic feet: charge per cubic foot is $0.04

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