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Verizon [17]
3 years ago
8

Sparks Corporation has a cash balance of $14,100 on April 1. The company must maintain a minimum cash balance of $11,500. During

April, expected cash receipts are $59,000. Cash disbursements during the month are expected to total $68,500. Ignoring interest payments, during April the company will need to borrow:
Business
1 answer:
chubhunter [2.5K]3 years ago
3 0

Answer:

$6,900

Explanation:

The amount of cash the company will need to borrow is dependent on the closing balance and the minimum cash balance the company must maintain.

The closing cash balance is the sum of the opening balance and the net movement in cash during the month. The net movement in cash is the difference between the cash receipts and the cash payments.

Closing cash balance = $14,100 + $59,000 - $68,500

= $4600

Amount to be borrowed = $11,500 - $4,600

= $6,900

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The First Chance Casino has gambling facilities, a bar, a restaurant, and a hotel. All employees are allowed to obtain food from
jenyasd209 [6]

Answer:

D) All of the employees may exclude the value of the meals from gross income.

Explanation:

Meals provided at the workplace (in this case the casino) by the employer are nontaxable fringe benefits. This means that the employees are not required to include them as part of their gross income.

Also, if the providing the meals benefits the employer, they can deduct 50% of the cost.

4 0
3 years ago
Alan krueger conducted a survey of fans at the 2001 super bowl who purchased tickets to the game for​ $325 or​ $400. krueger fou
Gekata [30.6K]
These results are evidence of "<span>the endowment effect".</span>

The endowment effect<span>, in behavioral finance<span>, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.</span></span>

5 0
4 years ago
When presenting negative news, you should Multiple Choice avoid offering an alternative solution to the problem. help the reader
Contact [7]

Answer:

<u><em>The correct answer is:</em></u> deliver the bad news at the end of the message.

Explanation:

Presenting negative news is always challenging. That is why it is necessary that before presenting a negative news the ideal approach is chosen according to the public, the approach can be direct or indirect, in the direct approach, the problem is presented in a more objective way, and in the indirect approach some resources to cushion negative news and not have such a negative impact on the public.

The ideal approach depends on the analysis that will analyze the public's receptivity to the message. <u>Therefore, when choosing the direct approach, it is necessary to avoid delivering bad news at the end of the message, as this can be viewed negatively and not objectively by the public. </u>

There needs to be an explanation of the reasons for the negative message, which ensures greater objective understanding of the facts and understanding.

5 0
4 years ago
Sanchez Foods Inc. is a large food manufacturing corporation that earns more profits than its competitors. The company uses only
frez [133]

Answer:

green marketing

Explanation:

From the question we are informed about the Sanchez Foods Inc. which is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of green marketing.

Green marketing can be regarded as practice of developing as well as advertising products which is been

based on their real as well as their perceived environmental sustainability.

In a case, whereby green marketing activities of a Company are not substantiated from significant investments and doesn't substantiated by operational changes, the company

may be criticized as been using false or misleading advertising.

3 0
3 years ago
Using the high-low method, the fixed cost is calculated ______. Multiple select question. by adding the total cost to the variab
-Dominant- [34]

Answer:

is calculated after the variable cost per unit is calculated

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities, etc.

On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses, etc.

Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.

3 0
3 years ago
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