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Sergio [31]
3 years ago
8

Western Company is preparing a cash budget for June. The company has $10,600 in cash at the beginning of June and anticipates $3

1,400 in cash receipts and $37,300 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must:
a. Borrow $5,300.

b. Repay $4,900.

c. Borrow $10,000.

d. Repay $5,100.

e. Borrow $4,900.
Business
1 answer:
Mkey [24]3 years ago
3 0

Answer:

$5,300

Explanation:

The computation of maintained balance is shown below:-

Total amount = Opening Balance + Cash Receipts - Cash Disbursement

= $10,600 + $31,400 - $37,300

= $42,000 - $37,300

= $4,700

In order to maintain a balance of $10,000, it needs to borrow = $10,000 - $4,700

= $5,300

Therefore to maintain a balance of $10,000, it needs to borrow $5,300

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A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The materi
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Answer:

A) (20-(x-10)) (x-6) = -x^2 +36x-180

B)In order to maximize the weekly profit the feeder price should be $80 and the weekly profit will be $144

Explanation

A)Let's consider they priced each feeder dollar x then the gain (price minus cost) of each feeder is (x-6). With the price of Dollar 10 they can sell 20 per week.

For every dollar increase in price they will lose two sales so total sale is

(10-(x-10)) .By multiplying the number of sales of feeder with profit of each feeder sold we get total revenue y i.e.

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B) compare above equation with quadratic equation we get;

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A quadratic function has minimum or maximum at point -b/2a ,so revenue is increased for feeder price.

x= b/2a = 36/2(-1) = $18

AND

Maximum weekly profit is

Y(18) = (18-6) (30-18)

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