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shtirl [24]
3 years ago
14

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,400. Cash receipts are expected to

be $641,000 and cash payments for purchases are expected to be $608,500. Other cash expenses expected are $27,000 selling and $33,500 general and administrative. The company desires a minimum cash balance at the end of each month of $30,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is:
Business
1 answer:
Leya [2.2K]3 years ago
6 0

Answer:

Amount to be borrowed = $21,600

Explanation:

Provided details,

Opening cash balance as on 31 March = $36,400

Add: Expected Receipts = $641,000

Less: Expected purchases = ($608,500)

Less: Cash Expenses = ($27,000)

Less: Selling and administration ($33,500)

Total balance = $8,400

Balance to be maintained = $30,000

Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600

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The unemployment that is caused by changes in the​ economy, such as shifts in manufacturing​ techniques, increased use of comput
slava [35]

Answer:

D. structural unemployment.

Explanation:

D

Structural unemployment is caused by changes in the​ economy, such as shifts in manufacturing​ techniques, increased use of computers and electronic​ machines, and increases in the production of services instead of​ goods.

Structural unemployment is caused by technological change.

Cyclical unemployment is caused by business cycles. In down turns, unemployment rises and falls during a boom.

Frictional unemployment is the period between when Labour leaves his job and gets another one.

3 0
3 years ago
Distinguish between the costs of having a basic checking account and an interest-bearing checking account
boyakko [2]

Answer:

Checking account is what you can use, and ibca is account that has interest rate.

Explanation:

3 0
3 years ago
Olive Corporation has two divisions, Pressing and Extracting. The company's primary product is Lavender Oil. Each division's cos
Alex777 [14]

Answer:

$15,000

Explanation:

Operating income is the difference between the net sales or revenue generated by a business and the operating expenses of the business.

The operating expenses of the business may be classified into 2 groups namely the fixed and variable costs.

The total operating cost of the business

= ( $9 + $6 + $28 + $32) per barrel

= $75

operating income of both divisions

= 200 ( $150 - $75)

= 200 * $75

= $15,000

5 0
3 years ago
A company uses the retail method to estimate inventories. The following information is for the first six months of the current y
Tanya [424]

Answer:

The correct answer is $240,000.

Explanation:

According to the scenario, given data are as follows:

Beginning inventory at cost = $70,000

Beginning inventory at retail = $100,000

Net purchases at cost = $270,000

Net purchases at retail = $360,000

Total sales = $320,000

According to the LIFO method.

Particulars                        Cost                       Retail              Cost/Retail Ratio

Beginning inventory             $70,000                $100,000                     70%

Net purchases                      $270,000              $360,000                     75%

Total Inventory                     $340,000             $460,000

Total sales                                                       $320,000

Ending inventory ( Estimated )

($360,000-$320,000)× 75%  $30,000

$70,000 × 70%                      $70,000

Ending inventory at cost         $100,000

Estimated cost of goods sold   $240,000.

Hence the correct answer is $240,000.

7 0
3 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
Readme [11.4K]

Answer:

neither

producer surplus

consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The first scenario is neither a producer or consumer surplus because a transaction did not take place

The second scenario is a producer surplus.

the producer surplus = 60 - 55 = 5

The third scenario is a consumer surplus

consumer surplus = $114 - $107 = $7

6 0
3 years ago
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