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
Simora [160]
3 years ago
10

Karim Corp. requires a minimum $8,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthl

y). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,400, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow.
July August September
Cash receipts $20,000 $26,000 $40,000
Cash payments 28,000 30,000 22,000

Required:
Prepare a cash budget for July, August, and September.
Business
1 answer:
ElenaW [278]3 years ago
4 0

Answer:

                                           Karim Corp

                                          <u>Cash Budget</u>

                                                 July              August         September

Cash inflows:                         $20,000      $26,000         $40,000                   

Cash outflows:                     (<u>$28,000) </u>    (<u>$30,000)</u>       (<u>$22,000)</u>

Monthly cash flow:                ($8,000)       ($4,000)          $18,000          

Monthly interests:                           $0             ($76)          ($116.76)

Initial cash balance:                <u>$8,400 </u>       <u> $8,000 </u>         <u> $8,000</u>

Ending cash balance:                $400          $3,924       $25,883.24

Required bank loan:               $7,600          $4,076                   $0

Payment of bank loan:           <u>        $0  </u>        <u>       $0  </u>       <u>  ($11,676)</u>

Total                                         $8,000         $8,000       $14,207.24           

Explanation:

A cash budget is the estimation of the business's future cash flows including estimated revenues and expenses.

You might be interested in
During 2018, Montoya (age 15) received $2,200 from a corporate bond. He also received $600 from a savings account established fo
Ann [662]

Answer:

The correct answer is option (C) $ 1,750

Explanation:

Given data:

Amount received from corporate bond = $ 2,200

Amount received from a savings account = $ 600

Thus, the total income = $ 2,200 + $ 600

or

The total income = $ 2800

Now,

the standard deduction for the person claimed as dependent's on another's tax return = $ 1,050

Hence, the total taxable income = Total income - standard deduction

or

the total taxable income = $ 2,800 - $ 1,050 = $ 1,750

Hence, the correct answer is option (C) $ 1,750

3 0
3 years ago
Karissa works for a company that sells sour cream. Sales are down, so she begins a research project. First, she develops a hypot
lubasha [3.4K]

The next step for Karissa is to collect data.

<h3>What are the steps involved in a research project?</h3>

Locating and defining issues or problems is the first step:

The goal of this stage is to define the parameters of a situation or subject that needs to be resolved or researched. The researcher should consider the study's objectives, pertinent prior knowledge, the information that is required, and how the information will be used in decision-making when describing the issues or problems.

Creating the research project is step two:

This step focuses on developing a research strategy or overarching approach to how you will address the stated issue or problem. A framework or blueprint for carrying out a research undertaking is a research strategy or approach. It describes the steps required to get the needed data, and its goal is to create a study that will test the relevant hypotheses, find potential solutions to the research problems, and offer the data required for making decisions.

Data Collection is the third step:

This step focused on gathering the data you'll need to address the issue or problem you identified. Experiments, observations, human interviews, telephone or computer-assisted telephone interviews from an office, and postal surveys are all possible methods for gathering data.

Analyzing Research Data is the fourth step:

In this step, the research findings will be interpreted, examined, and analyzed in order to reach a conclusion that resolves the problem. Make sure the conclusion is clear and well-thought-out in light of the information gathered.

Present Your Research Results is step five:

Reporting the research results to individuals who require the information to make decisions is the last stage. The findings ought to be presented in an understandable way so that decision-makers can quickly utilize them. In order to increase impact and clarity, a spoken presentation to management should also include tables, figures, and graphs.

Learn more about research project here:

brainly.com/question/14448144

#SPJ4

6 0
2 years ago
Brankovich Company uses a job-order costing system and has the following data available: Beginning Direct Materials Inventory $2
natka813 [3]

Answer:

$84,000

Explanation:

Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :

Raw Materials T - Account

Debit :

Beginning Inventory                                $26,000

Purchases                                               $148,000

Total                                                         $174,000

Credit:

Requisitioned in Manufacturing             $90,000

Ending Inventory<em>(Balancing figure)        </em>$84,000

Total                                                        $174,000

Therefore,  the cost of the ending inventory of Direct Materials is $84,000

4 0
3 years ago
Rita and Paul are married and both work outside the home. Paul works as a contractor, and Rita is employed by a company. Paul te
Vesna [10]
Your answer is A. Paul is correct because the government always withholds money for taxes due from all incomes.
4 0
3 years ago
br company has a contribution margin of 40%. sales are $312,500, net operating income is $25,000, and average operating assets a
Klio2033 [76]

The company's return on investment  ROI would be 12.5%

What does a favourable return on investment mean?

The profit from an investment is divided by the investment's cost to determine the return on investment (ROI). When represented as a percentage, an investment with a profit of $100 and a cost of $100 would have a ROI of 1, or 100%. Generally speaking, a yearly ROI of around 7% or higher is regarded as a decent ROI for an investment in stocks. This also refers to the S&P 500's average annual return when inflation is taken into account of the company to increase the profit margin. 

To know more about ROI click on the link below:

brainly.com/question/15726451

#SPJ4

5 0
1 year ago
Other questions:
  • You work for a leveraged buyout firm and are evaluating a potential buyout of UnderWater Company.​ UnderWater's stock price is $
    5·1 answer
  • The most common type of family structure for u.s. children aged 6 to 11 is:
    10·1 answer
  • College students often buy cheap pizza because it’s more affordable. Suppose after graduating, college students find high paying
    7·1 answer
  • What does the World Bank hope will result from the loans it makes to developing countries?
    9·2 answers
  • Which fifth factor of production do many economists now include in addition to the four traditional factors of​ labor, capital,​
    14·2 answers
  • Q OB10.9: One of the most common reasons for conflict in an organization is
    13·1 answer
  • In an​ economy, the​ working-age population is 100 million. Of this​ total, 80.0 million workers are employed. 3.0 million worke
    8·1 answer
  • What's the meaning of the symbol S3?
    12·1 answer
  • Q1: In about 200 words, write an essay analyzing the below case study using the SWOT framework.
    8·1 answer
  • why the introduction of maximum prices in the petrol industry will not be an ideals decision for the country's economy​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!