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skelet666 [1.2K]
3 years ago
12

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November

, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
Cash balance, September 1 (from a summer job) $9,250
Purchase season football tickets in September 160
Additional entertainment for each month 250
Pay fall semester tuition in September 4,800
Pay rent at the beginning of each month 600
Pay for food each month 550
Pay apartment deposit on September 2 (to be returned December 15) 600
Part-time job earnings each month (net of taxes) 1,200
a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.

Craig Kovar
Cash Budget
For the Four Months Ending December 31
September October November December
Estimated cash receipts from:
Part-time job $ $ $ $
Deposit
Total cash receipts $ $ $ $
Less estimated cash payments for:
Season football tickets $
Additional entertainment $ $ $
Tuition
Rent
Food
Deposit
Total cash payments $ $ $ $
Cash increase (decrease) $ $ $ $
Plus cash balance at beginning of month
Cash balance at end of month $ $ $ $
b. What are the budget implications for Craig Kovar?

Craig can see that his present plan will not provide sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $_?_ short at the end of December, with no time left to adjust.
Business
1 answer:
Naddika [18.5K]3 years ago
5 0

Answer:

The answer is attached for ease of understanding and reference.

Explanation:

Download xlsx
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If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
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Explanation:

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If import restrictions prohibit foreigners from selling various goods and services in the U.S. market, foreigners will have fewer U.S. dollars which they can spend to buy U.S. goods and services. So they will be able to purchase fewer goods and services from the US.

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0.66

Explanation:

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concentration ratio of firm 1 = $10 million / $35 million = 0.29

concentration ratio of firm 2  = $7 million / $35 million = 0.2

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3 0
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For the budget period ending December 31 of the current year, Aaron Corporation estimates its ending balances for cash as $4,000
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Answer:

The answer is expectancy.

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Expectancy theory is a concept developed by Victor H. Vroom in 1964, where he postulated, that the strength an individual has in terms of his or her motivation to do an action, would appear when three components are satisfied to a certain value: expectancy, instrumentality, and valence. The question above is relevant to the expectancy component, which is detailed as the belief that an individual has regarding their efforts would result in the individual choosing to perform an action. In the case of Martha, she wasn’t sure that her efforts in trying to win the contract would lead to her 10% raise (outcome, a component of instrumentality), and thus, she decided not to try.  

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