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Rina8888 [55]
3 years ago
14

Madison Corporation’s expected beginning cash balance is $35,000. Cash collections are budgeted at $50,000 and cash disbursement

s are estimated to be $80,000. The minimum required cash balance is $20,000 and the company can borrow as much as needed in increments of $10,000. Calculate the expected ending cash balance for the month.
Business
1 answer:
steposvetlana [31]3 years ago
4 0

Answer:

$25,000

Explanation:

The cash balance for Madison's Corporation is:

= beginning balance + cash collections - cash disbursements

= $35,000 + $50,000 - $80,000 = $5,000

Since Madison can borrow money in $10,000 increments, they need to borrow $20,000 to be able to meet the minimum cash balance.

So their expected ending cash balance is = $5,000 + $10,000 + $10,000 = $25,000

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Judy Olsen, Kristy Johnston, and their mother, Joyce Johnston, owned seventy-eight acres of real property on Eagle Creek in Meag
nalin [4]

Answer:

Yes, Judy and Kristy do have an enforceable contract.

Explanation:

Kristy made a valid offer to Judy and Judy accepted.

In the offer letter, Kristy told Judy to "please respond to Bruce Townsend", but she did not specify that the only proper mode of acceptance was the response to Bruce. Since she did not specify that Judy could not respond directly to her, Judy's letter of acceptance to Kristy's offer is valid.

3 0
3 years ago
Can I Plss get some help on this
AlladinOne [14]

The law of supply illustrates all the quantities of goods that producers are willing and able to sell at every possible price.

<h3>What is the law of supply?</h3>

The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This explains why the supply curve is positively sloped.

To learn more about the law of supply, please check: brainly.com/question/26374465

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7 0
2 years ago
Which of the following is true of economies in the base of the global economic pyramid? a. They are composed of developed econom
satela [25.4K]

Answer:

The answer is: D) They attract the largest FDI from MNEs. If you consider FDI´s share of the country´s GDP

Explanation:

The countries that are located in the base of the global economic pyramid are all underdeveloped and poor countries, so no North America, Europe, Japan, China, or Australia. If you consider the total nominal amount of Foreign Direct Investment (FDI) by Multinational Enterprises (MNEs) in the world, the countries that receive the most of them usually have large economies or high GDP per capita (only Brazil is an exception) like the US, China, Belgium, Canada, France, Russia, Singapore, etc.

But if you consider FDI as a percentage of a country´s GDP the list of receiving countries varies a lot. The following is the list of the 10 countries with the greatest share of FDI to GDP in 2011 (UN 2011 report)

  1. Liberia
  2. Mongolia
  3. Hong Kong SAR (China)
  4. Sierra Leone
  5. Luxembourg
  6. Singapore
  7. Congo republic
  8. Belgium
  9. Chad
  10. Guinea

In this list you can find 6 countries that are extremely poor but very rich in natural resources (in this case minerals). So if consider the relative size of FDI in those economies, then it´s huge. Most FDI done on poor countries is directed to mining or oil corporations.

3 0
4 years ago
Which section of the statement of cash flows may be prepared using either the direct method or the indirect method?
zhuklara [117]

Answer:

b. Operating activities

Explanation:

As we know that there are two methods of cash flow statement. The one method is direct method and the other one is indirect method

Also the financing activities and the investing activities should be same calculated under both the methods

But the operating activities would be calculated differently under both the methods

In the direct method, the cash receipts and cash payment would be adjusted while an indirect method, the changes in working capital would be adjusted

Therefore the option b is correct

7 0
3 years ago
What is the present value of a security that will pay $38,000 in 20 years if securities of equal risk pay 11% annually? Do not r
leonid [27]

Answer:

$4,713

Explanation:

The formula and computation of the present value are shown below:

= Future value ÷ (1 + rate)^number of years

= $38,000 ÷ (1 + 0.11)^20

= $4,713

This (1 + rate)^number of years is also known as the discount factor which helps to calculate the amount of the present value

We simply apply the above formula so that the accurate value can come

3 0
3 years ago
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