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
Grace [21]
3 years ago
15

Forâ April, Anderson Antiques will have cash receipts ofâ $365,000 and cash disbursements ofâ $370,000. If its beginning cash is

â $4,000 and its desired reserve isâ $3,000, what will be its shortfall in cash for theâ month?
A. There is no shortfall in cash but an excess of cash.
B. ââ$3,000
C. ââ$5,000
D. ââ$4,000
Business
1 answer:
ICE Princess25 [194]3 years ago
6 0

Answer:

D. $4,000

Explanation:

For Anderson Antiques the following have been given

Opening balance= $4,000

Cash receipts (inflow)= $365,000

Cash disbursed (outflow)= $370,000

Desired reserve= $3,000

So cash at end of day= Opening balance + cash inflow - cash outflow

= 4,000+ 365,000- 370,000

= - 1,000

Remember we want a cash reserve of $3,000 so we take it out of closing balance

Final figure= -1,000-3000= -$4,000

So shortfall of $4,000

You might be interested in
Assume that the risk-free rate of interest is 6% and the expected rate of return on the market is 16%. I am buying a firm with a
algol [13]
This wouldn’t by chance have multiple choice options would it?
5 0
3 years ago
​A restaurant, which operates in a perfectly competitive market, is evaluating whether it should serve breakfast on a daily ba
riadik2000 [5.3K]

Answer:

TRUE

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

In the short run, the firm would continue to operate if its revenue covers variable cost. if it doesn't it would shut down.

8 0
3 years ago
Carrie, a new salesperson for Brenham Foods, calls in an order for twice the amount of merchandise that Corner Market requested
leonid [27]

Answer:

opportunity

Explanation:

According to my research on Ethics, I can say that based on the information provided within the question this is an example of how opportunity influences ethical decision making. Carrie in this situation had an opportunity that although morally and ethically wrong would increase her sales without raising alarms and decided to take that opportunity.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
When giving a spreadsheet a title, what are some best practices to follow?
never [62]

The practices tio follow when giving a spreadsheet a title is to make it

  • short
  • clear
  • state what it is about

<h3>What is a spreadsheet?</h3>

This is a document that is used electronically with the use of computers. This document contains data and information in all of its fields.

Spreadsheets are arranged to be in rows and also in Mathematical operations can be performed on them.

Read more on spreadsheets here:

brainly.com/question/25879801

6 0
2 years ago
Analyze and identify the role of the government in a free enterprise economy.
ludmilkaskok [199]
The expected role of the government is to allow free operation of the market unless, market failure accures at which point it intervenes to prevent welfare losses.
5 0
3 years ago
Other questions:
  • Bowzer Co. has just received $2.7 million from the sale of one of its divisions. The company has 375,000 shares outstanding that
    6·1 answer
  • Taurus's gross pay for the week is $980. his yearly pay is under the limit for oasdi. assume that the rate for state and federal
    11·1 answer
  • A store manager predicts that 80 hats will be sold if each hat costs $15. The manager predicts that 3 less hats will be sold for
    15·1 answer
  • Parks Company reported an increase of $370,000 in its accounts receivable during the year 2015. The company's statement of cash
    14·1 answer
  • Your brother is starting 9th grade next year and is thinking about going to college.
    10·1 answer
  • Crocker enterprises conducts thorough background investigations of its prospective employees. the purpose of such investigations
    12·1 answer
  • A shop that makes candles offers a blueberry scented candle which has daily demand of 10 boxes. Blueberry candles can be produce
    7·1 answer
  • When Roosevelt cut spending in 1937, the U.S. economy returned to the abysmal economic status of 1932–1933; yet, despite reversi
    6·1 answer
  • Standard Quantities Allowed of Labor and MaterialsMiel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 1
    6·1 answer
  • Zeron Incorporated generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinar
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!