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Aneli [31]
3 years ago
15

The following information is drawn from Royal Industries' cash budget: Cash Receipts $ 40,000 Beginning Cash Balance $ 10,000 Ca

sh Payments $ 48,000 Desired Ending Cash Cushion $ 5,000 If there is a cash shortage, the company borrows money. If a surplus occurs funds are used to repay loans or to invest in short-term assets. The company had no debt before January 1st. The amounted "needed" to borrow or the amount "available" for repayment of debt in January would be Multiple Choice $2,000 available. $3,000 needed. $7,000 available. $13,000 needed.

Business
1 answer:
Andreyy893 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Using the tax table, determine the amount of taxes for the following situations: (Do not round intermediate calculations. Round
Furkat [3]
<h3>Hello there!</h3>

In your question, we need to find the percentage of tax someone is being taxed from their taxable income.

<h3>Answer: A). 25% B). 15% C). 15%</h3>

In order to find the percent of tax they're being taxed, we would need to use the table that you've provided.

Question A:

For question A, the key information we can grab from it is "a head of household" and "taxable income of "$58,500." With that information, we would go to the chart and find the right percentage. We would go in the heads of household column and find the taxable income rage. Once you did that, you would see that it's on the 25% tax rate.

Question B:

For question B, the key information we can grab from it is "a single person" and "taxable income of $36,400." With that information, we would go to the chart and find the right columns for it. We would go to the single person column and find the right income. Once you did that, you would see that it would fall under the 15% tax rate.

Question C:

For question B, the key information we can grab from it is "married tax payers" and "taxable income of $72,700." With that information, we would go to the chart and find the right columns for it. We would go to the single person column and find the right income. Once you did that, you would see that it would fall under the 15% tax rate.

5 0
3 years ago
A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed
Tpy6a [65]

Answer:

Break-even point (dollars)= $26,000

Explanation:

Giving the following information:

A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed costs of $3,000 and desires a profit of $10,000.

To calculate the dollar amount required, we need to use the break-even point in dollars formula and add the desired profit:

Break-even point (dollars)= (fixed costs + desired profit)/ contribution margin ratio

Break-even point (dollars)= (3,000 + 10,000) / [(5 - 2.5)/5]

Break-even point (dollars)= $26,000

6 0
4 years ago
How does a bond issuer decide on the appropriate coupon rate?
allochka39001 [22]
Bond issuers look at outstanding bonds of similar maturity and risk. The yields on such bonds are used to establish the coupon rate necessary for a particular issue to initially sell for par value. Bond issuers also simply ask potential purchasers what coupon rate would be necessary to attract them.The coupon rate is fixed and simply determines what the bond’s coupon payments will be. 
3 0
3 years ago
Which of these statements explains the term price?
Sonja [21]
C is the correct answer

4 0
3 years ago
Proctor &amp; Gamble departmentalizes by Tide, Pampers, Charmin, and Pringles. This is an example of departmentalization by
bonufazy [111]

Answer:

Product

Explanation:

Departmentalization - This is the breakdown of a single business into smaller unit under the same coordination for administrative and operational convenience.

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Identical products or products with similar  characteristics are placed under the same department.

8 0
3 years ago
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