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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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Answer:

Mainstream; demand

Real; structural, caused by technological shocks that decrease aggregate supply

Explanation:

6 0
3 years ago
A share of ownership in a corporation that represents a claim on a portion of that company's earnings is a ___?​
patriot [66]

Answer:

Stock

Explanation:

The value of a company is divided into small units called stocks. Therefore,  a stock represents partial ownership in a company. Individuals who own the stock of a company are known as the shareholders. The term stock, equity, or shares are used to mean the same thing.

The more stocks or shares an individual or an institution hold, the higher the percentage of ownership. As the company owners, shareholders are entitled to a stake in the company profits. Each shareholder earns dividends at the end of a financial year if the company is profitable.

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5 0
3 years ago
Read 2 more answers
Miranda and Jason are in the tutoring business. Miranda is willing to tutor as long as she gets $20, while Jason will not tutor
Molodets [167]

Answer:

Miranda = $10; Jason = $0

Explanation:

Producer surplus is the difference between the price of a good or service and the least amount a producer is willing to accept for his product.

In this question, the price of tutoring is $30.

The least amount Miranda is willing to accept is $20. Her producer surplus is $30 - $20 = $10

For Jason, the least amount he is willing to accept is $35 which is higher than the price. Therefore, Jason would not accept to teach. As a result, his producer surplus would be zero.

I hope my answer helps you

7 0
3 years ago
What are the nash equilibrium strategies for firm a and b respectively?
OLga [1]
The answer is "<span>Low price, low price".
</span>
In game theory, the Nash equilibrium which was named after American mathematician John Forbes Nash Jr., is an answering idea of a non-cooperative game including at least two players in which every player is expected to know the equilibrium procedures of alternate players, and no player has anything to pick up by changing just his own strategy. If every player has picked a technique and no player can profit by changing methodologies while alternate players keep theirs unaltered, at that point the present arrangement of methodology decisions and the relating settlements constitutes a Nash equilibrium.
7 0
3 years ago
Your company owns a strip mall and rents space to various businesses, ranging from a barber shop to a furniture store. Having ne
Murrr4er [49]

Answer:

The responsibility of the store owner is to assist the customer who got hurt and fix the defective sidewalk. My responsibility is to charge and ensure that the sidewalk situation is resolved as soon as possible.

Explanation:

A customer suffers an accident that caused serious injuries inside a store in a mall I own. When I go to talk to the store owner about the accident, I learn that the accident happened because the store owner was negligent about the defective store structure he rents from my mall. In addition, the store owner says he had been aware of the defect for a long time, but did nothing to resolve it.

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8 0
2 years ago
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