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liberstina [14]
2 years ago
14

Andy Company had a cash balance on May 1 of $ 30,000. At the end of​ May, the cash balance has increased to $ 33,000. During the

month of​ May, Andy received cash of $ 47,000 from various sources. Based on this​ information, cash payments for the month of May​ were:________.A. $44,000.
B. $75,000.
C. $27,000.
D. $31,000.
Business
1 answer:
PIT_PIT [208]2 years ago
4 0

Answer:

The correct answer is A

Explanation:

The Cash payments for the month of may is computed as:

Cash payment = Cash balance on May 1 + Cash received  during the month - Cash balance increased

where

Cash balance on May 1 is $30,000

Cash received  during the month is $47,000

Cash balance increased  is $33,000

Putting the values above:

Cash payments = $30,000 + $47,000 - $33,000

= $77,000 - $33,000

= $44,000

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intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be con
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5 0
2 years ago
Compare the structural approach to the external variable approach of kinesics
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3 0
2 years ago
Cold Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current lia
erastova [34]

Answer:

The internal growth rate is 4.36%

Explanation:

net income = 8.3%*386,400

                   = $32,071.20

net working capital = current assets – current liabilities

current assets – 37200 = 16700

                                        = $53,900

total assets = current assets + net fixed assets

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Then:

ROA = 53,900/445400

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b = 1 - 48% = 0.52

internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)

                                 = 0.041763/0.958237

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Therefore, The internal growth rate is 4.36%

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3 years ago
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