All categories

4 years ago

Cash balance, September 1 (from a summer job) $7,560

Business

1 answer:

neonofarm [45]4 years ago

4 0

Answer:

Katherine Malloy

Personal Cash Budget for September, October, November, and December:

September October November December

Balance $7,560 $2,960 $3,060 $3,160

Apartment deposit return 500

Earnings (net of taxes) 940 940 940 940

Borrowing 340

Total Cash Receipts $8,500 $3,900 $4,000 $4,940

Season football tickets 100

Additional entertainment 260 260 260 260

Semester Tuition 4,100 4,100

Rent 370 370 370 370

Food 210 210 210 210

Apartment deposit 500

Total cash payment $5,540 $840 $840 $4,940

Balance $2,960 $3,060 $3,160 $0

Explanation:

Katherine Malloy's cash budgets for the months of September, October, November, and December give some snapshots of her cash receipts and payments, including the planned borrowing of no less than $340 that she must arrange in December in order to pay for her spring semester tuition on December 31. From the budget, she gets a clearer picture of her cash needs, receipts and expenses. She is comfortable from September till the end of the year. But, Katherine must arrange for some cash receipts, either in student loan or support or get another part-time work to increase her income, to enable settle her tuition in December.

You might be interested in

Value Electronics, Inc. started its operations on January 1, 2019.

elixir [45]

Answer:

The first step in operating cycle would be to purchase inventory from vendors.

The correct answer is D

Explanation:

The steps involved in operating cycle includes:

1. Purchase of inventory from vendors

2. Sale of goods to customers

3. Recording of sales in accounts

4. Collection of cash from customers

3 0

3 years ago

Suppose that the government of Ping's country hears of the working conditions and the country seizes the Quality Dragon plant wh

ella [17]

Answer: a. expropriation

Explanation:

Expropriation happens when privately owned property are forcefully taken by government for it to be used by the general public. It is an act of depriving people of their right to property, although expropriation is to the advantage of the general public. In most countries especially in the US expropriation occurs when there is a need to embark on certain infrastructural project such as airports, railroads, etc.

6 0

3 years ago

Rancher Hiram Walker purchased Rose, a cow, for $850 in the hope that she would breed calves. After several years of effort, Wal

Furkat [3]

Answer: Mutual mistake

Explanation:

A mutual mistake in a contract is a situation that arises when the parties in a contract make the same mistake in reference to a significant fact in the contract. i.e., they are mutually ignorant of a fact of the contract.

Had they both known about that mistake, they might not have gone into the contract so the contract is voidable in this scenario.

Both Walker and Sheerwood were mutually mistaken about the fact that Rose was pregnant when they went into the contract so this contract is voidable by this theory.

8 0

3 years ago

__________ is the function in business that is responsible for acquiring funds for the firm and managing funds within the firm.

Contact [7]

The financial manager must decide how much money is needed and when, how best to use the available funds, and how to get the required financing

<h3>What is financial manager?</h3>

Financial managers are in charge of an organization's financial health. They create financial reports, direct investment activities, and plan for their organization's long-term financial goals.

A financial manager is in charge of maintaining the proper balance of equity and debt. Funding allocation: The next step is to allocate the funds after they have been raised. The best way to allocate funds: the size of the organizations and their ability to grow.

The finance function serves two primary functions: it provides the financial information that other business functions require to function effectively and efficiently. to assist with business planning and decision making

To know more about financial manager follow the link:

brainly.com/question/1279044

#SPJ4

6 0

2 years ago

A theory of strategic factor markets suggests that the resources a firm possesses might give it an advantage versus competitors

dybincka [34]

Explanation:

Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.

Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.

Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.

4 0

3 years ago