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Bezzdna [24]
3 years ago
15

Southland Company is preparing a cash budget for August. The company has $16,300 cash at the beginning of August and anticipates

$124,200 in cash receipts and $133,800 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:
Business
1 answer:
Vesna [10]3 years ago
6 0
Please answer please please thank you
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In an effort to save money for early retirement, an environmental engineer plans to deposit $1200 per month starting one month f
Aleks [24]

Answer:

$1,099,203.00

Explanation:

In this question we have to find out the future value that is shown in the attachment below:

Provided that

Present value = $0

Rate of interest = 8%  ÷ 2 = 4%

NPER = 25 years  × 2 = 50 years

PMT = $1,200 × 6 months = $7,200

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $1,099,203.00

8 0
3 years ago
Jason and Jeanette are starting their business as a partnership along with eight other friends. They should understand that this
svetoff [14.1K]

Answer:

Unlimited Liability

Explanation:

Jason, Jeanette, and their eight other friends are forming an unlimited liability corporation, which exist in a few Canadian provinces (Alberta, Nova Scotia, and British Columbia).

In unlimited liablity corporations, as the name implies, partners have unlimited liability in case of bankruptcy or default. This means that if the company fails, partners do not only provide their capital contributions, but also their personal wealth. (for example, their houses, cars, appliances, etc).

3 0
3 years ago
A firm does not expect to pay dividends in the next four years. beginning five years from today, the firm expects to pay a const
abruzzese [7]
From the data given above, the investor required rate of return on the firm's stock is 10% and is equal to $4,75 that is expected to be paid each year.
If $4.75 = 10%, then the price of the stock which is 100% will be equal to $4,75 * 10= $47.50.
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4 0
2 years ago
Read 2 more answers
Experience the Tour de France (ETF) is a specialty travel agent. They arrange vacations for amateur cyclists who want to experie
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Answer:

18 minutes.

Explanation:

The standard deviation for the call time is 50 minutes while the average call duration is 25 minutes. The caller has to wait for sometime before the agent answers it because they have 4 agents who take up the calls from the clients. A call arrives every 20 minutes with a standard deviation of 20 minutes. In the given scenario the waiting time can be calculated using the formula below:

t = ( Ф * standard deviation + average call duration * standard deviation )

Solving the equation we get 18 minutes.

8 0
3 years ago
Provide an example of a process of producing a good or service and analyze the production process into the necessary elements of
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Ce clasă ești sa văd daca te pot ajuta

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3 years ago
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