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Grace [21]
2 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]2 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

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Its always a competition

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People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.

5 0
2 years ago
An investment proposal with an initial investment of $100,000 generates annual net cash inflow of $20,000 for a period of 10 yea
dalvyx [7]

Answer:

5 years

Explanation:

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The payback period for this investment project is 5 years.

or

100,000/20,000=5 years

7 0
3 years ago
Competition between the firms leads to greater marketing expenses. <br><br> a. True<br> b. False
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2 years ago
Gantner Company had the following department information about physical units and percentage of completion: Ch21_Q64 If material
Basile [38]

Answer:

200,000 units

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Units added during May is

= 150,000 + 50,000

= 200,000 units.

Hence, the total no of equivalent units for material during may month is 200,000 units

The same should be considered and relevant  

6 0
2 years ago
When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in
enot [183]

When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.

<h3>What is stated amount?</h3>

A stated amount is the value or amount the owner of a property gives as the worth of the property.  This can be for your vehicle and it is provided to the insurer.

The stated amount is given for insurance to show the worth of a property that is insured.

Insurance helps to prevent total loss on a property incase of some unforeseen circumstance.

Therefore, When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.

Learn more on stated amount below

brainly.com/question/18276040

#SPJ1

4 0
1 year ago
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