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
natulia [17]
3 years ago
7

Southern Company is preparing a cash budget for April. The company has $12,000 cash at the beginning of April and anticipates $3

0,000 in cash receipts and $34,500 in cash disbursements during April. Southern Company has an agreement with its bank to maintain a minimum cash balance of $10,000. To maintain the required balance during April, the company must a.borrow $2,500 b.borrow $7,500 c.borrow $4,500 d.borrow $5,000
Business
1 answer:
andrew-mc [135]3 years ago
5 0

Answer:

Opening Cash Balance = $ 12,000

Add: Expected receipt = $ 30,000

Total Cash Available = $ 42,000

Less: Cash disbursement = $ 34,500

Less: Minimum Balance = $ 10,000

Closing Balance = ($ 2,500)

Therefore, company must borrow = $ 2,500

You might be interested in
French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be: A) Demanding dollars
shepuryov [24]

Answer:

C) Supplying euros and demanding dollars in the foreign exchange market.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Hence, French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be supplying euros and demanding dollars in the foreign exchange market because the medium of exchange (legal tender) in France and Germany is the "Euros" while it is "Dollars" in the United States of America.

6 0
3 years ago
Stewart, the owner of abc construction, agreed with joan, the owner of xyz hotel, that he would complete renovations on her upsc
kati45 [8]
The appropriate term for the agreement for Stewart to pay the loan of $50,000 for each day that he was late in completing the project is liquidated damages clause. A liquidated damages clause specifies<span> the amount of money that must be paid due to the failure to perform the project which is based on the contract.</span>
8 0
4 years ago
Osgood Company, which applies overhead at the rate of 190% of direct material cost, began work on job no. 101 during June. The j
frutty [35]

Answer: $51300

Explanation:

From the question, we are informed that Osgood applies overhead at rate of 190% of direct cost material and we've been given the direct cost material as $27, 000. Therefore, the total overhead applied to the job will be:

= $27000 × 190%

= $27000 × 1.9

= $51300

5 0
3 years ago
As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
erma4kov [3.2K]

Answer:

 you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

    Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to  all levels of managers.

6 0
4 years ago
A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) o
Snowcat [4.5K]

Answer:

Other customers of the firm who place buy orders, if the firm has information barriers in place.

Explanation:

FINRA has strict rules against front running, and this is the process by which interested parties place orders for shares beforehand because they have insider information on how a share is going to perform in the future.

This rule is binding on any registered representative.

However if the firm has information barriers in place, any other customers that places a buy order will be assumed not to have insider knowledge of the share's expected performance. The FINRA rule is not binding on them.

3 0
4 years ago
Other questions:
  • Match The Vocab : Travel
    8·2 answers
  • Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers?
    12·1 answer
  • Allmond Corporation, organized on January 3, 2021, had pretax accounting income of $23 million and taxable income of $29 million
    14·1 answer
  • A random survey of 20 adults coming out of subway stations in New York City revealed that 16 considered owning a car to be of li
    9·1 answer
  • What happens to the principal paid over time?
    8·2 answers
  • the insured under a $1000000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accide
    11·1 answer
  • A new business is likely to need what bank service(s)? *
    7·1 answer
  • The purpose of domains in a typical IT infrastructure is to: a. help organize the roles, responsibilities, and accountabilities
    13·1 answer
  • Desert, Inc. has year-end account balances as of December 31, 2020 of Sales Revenue $907,000; Interest Revenue $24,000; Cost of
    13·1 answer
  • Hello I need help with this question
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!