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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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______ are frequently used to encourage key managers to maximize the value of the firm's stock.
valentina_108 [34]

Key managers are frequently encouraged to increase the value of the company's stock through the use of stock options.

<h3>What is the stock of a company?</h3>

In the Underwriting Agreement, "Firm Shares" refers to the number of newly issued shares of Class A Common Stock that are a part of the Public Offering. Except upon tender of payment by the Underwriters for all the Firm Shares, the Company shall not be required to sell or deliver the Firm Shares.

The Underwriters consent to buying Firm Shares from the Company. The term "Closing Date" refers to the time and date of delivery of the Firm Shares and Additional Shares if the Option Closing Date occurs at the same time as the Closing Date but not earlier than the Closing Date.

To learn more about firm's stock, refer to:

brainly.com/question/14768722

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4 0
1 year ago
When you first started your new business, you were so excited about the large volume of orders you had. One year later, you find
elena-s [515]
Well, based on the problem, it seems that after that one year of having a large volume of sales, you probably became complacent and noticed that you have less orders. So I would say that you probably failed to continue your marketing efforts. it is very important for a company to always continue their marketing efforts because it is through the marketing efforts that they will be able to bring in sales. if you stop your marketing efforts even for a bit, you will see that there is a decline in sales. 
3 0
3 years ago
Read 2 more answers
unland Company has the following data: direct labor $238,000, direct materials used $199,000, total manufacturing overhead $248,
labwork [276]

Answer:

(a) Total manufacturing costs = $685,000

(b) Total cost of work in process = $721,000

Explanation:

(a) Compute total manufacturing costs.

Total manufacturing cost can be described as the total cost that a manufacturing company incurred within a reporting period to produce goods.  This can be computed using the information provided in the question as follows:

Total manufacturing cost = Direct materials used + Direct Labor + Total manufacturing overhead = $199,000 + $238,000 + $248,000 = $685,000

(b) Compute total cost of work in process.

Total cost of work in process refers to the aggregate cost of partially completed goods. This can be computed using the information provided in the question as follows:

Total cost of work in process = Beginning work in process + Total manufacturing costs = $36,000 + $685,000 = $721,000

7 0
3 years ago
__________ is money a business has left after expenses.
tatyana61 [14]
I believe it is <span>b. profit 
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8 0
4 years ago
Gary is a self-employed accountant who pays $2,000 for business meals. How much of a deduction can he claim for the meals and wh
bonufazy [111]

Answer:

He can Claim a 50% deduction on the Schedule C Business Expense Deductions

Explanation:

Business Meals fall under the category of the small businesses tax deductions made available under Schedule C by the Internal Revenue Service that can small businesses can take advantage of.

  1. The business owner or employee must be present at the meal.
  2. The meal must not be extravagant under any circumstances.
  3. The meal must be an ordinary and necessary part of carrying on businesses.

Gary as a self-employed accountant is a small service provider who can take advantage of this deduction.

5 0
4 years ago
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