Answer:
The company must borrow $3000 and option B is the correct answer.
Explanation:
The minimum cash balance is the required balance that the company should have at the end of the period. The decision to borrow or repay will be taken by comparing the period end balance with the minimum balance. If the period end balance is higher than the minimum balance, the company may decide to repay. If it is lower than the minimum balance, the company should borrow.
The period end balance can be calculated as,
Ending balance = Opening Balance + Cash receipts - Cash disbursements
Ending balance = 17000 + 120000 - 130000
Ending balance = $7000
Difference = 7000 - 10000 = -$3000
As the ending cash balance ($7000) is less than the minimum cash balance required ($10000), the company should borrow for the amount of difference. Thus, the company should borrow $3000
Answer:
71.19 per machine hour
Explanation:
Data provided as per the question is below:-
Total overhead = $11,533,000
Total machine hours = 162,000
The computation of overhead rate is shown below:-
Overhead rate = Total overhead ÷ Total machine hours
= $11,533,000 ÷ 162,000
= 71.19 per machine hour
Therefore, for computing the overhead rate we simply divide the total machine hour by total overhead.
Answer:
A). Failed to exercise due care.
Explanation:
As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.
Block grants from federal funding would tend to be favoured by the governor's and State officials
<h3 /><h3>Block grants</h3>
Block grants are federal funds earmarked for specific state or local programs. A block grant is supported by federal funds but administered by state or local governments. Most block grants support the following:
- housing,
- health, or
- other social services.
In conclusion, we can conclude that the correct answer is block grants.
learn more about block grants from here: brainly.com/question/5818266
Answer:
real GDP
Explanation:
The above rule was proposed by Milton Friedman that the money supplied by the central bank be increased by constant percentage on annual basis. In other words, constant money growth rate rule suggested money supply growth rate be equal to GDP growth rate annually.
According to Friedman, monetary policy contributes to fluctuation in an economy. He suggested that the best way to stabilize a fluctuating economy is to allow the central bank increase money supply in the long run by a targeted amount annually irrespective of the situation of the economy.