1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.  

You might be interested in
A department manager recently launched a new initiative so the members of her department can more easily present innovative idea
maw [93]

Answer:

all r true

both

hope I helped

5 0
3 years ago
Consider the following financial statement information for the Sourstone Corporation:
DENIUS [597]

Answer:

A. 56.32 days

B. 40.38 days

Explanation:

The Operating cycle is the Inventory period + AR period

Inventory period= 365/(Cost of goods sold/Average inventory)

Average inventory= (Beginning Inventory + Ending Inventory)/2

Accounts Receivable period= 365/(Credit Sales/Average Accounts Receivable )

Average Accounts Receivable= (Beginning Accounts Receivable + Ending Inventory Accounts Receivable)/2

Calculated Inventory period= 42.58 days

Calculated Accounts Receivable period= 13.74 days

The Cash cycle is also called the Net Operating cycle which is the Inventory period + Accounts Receivable period- Accounts Payable period

Accounts Payable period= 365/(Cost of goods sold/Average Accounts Payable)

Average Accounts Payable = (Beginning Accounts Payables + Ending Inventory Accounts Payable)/2

Calculated Accounts Payable period= 15.94 days

5 0
3 years ago
Companies benefit from employee balance because, compared to poorly balanced employees, well balanced employees __________. a. S
LiRa [457]

Well balanced employees can be more productive, they can be more stable and stay on their jobs longer, and if they like their jobs, they will be satisfied. Your answer would be D! The reason why is that the other answer choices cover what a satisfied employee would do.

<br>

<span>Have a nice day! :)</span>

8 0
3 years ago
Read 2 more answers
Raul overheard one of his co-workers in a phone conversation say, Thank you for taking my call so quickly. I'd like to order num
Dominik [7]

Answer:

Purchase Decision

Explanation:

6 0
3 years ago
Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization i
STALIN [3.7K]
Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization is producing a large number of defective products. This is an example of: Feedback control.
4 0
3 years ago
Other questions:
  • A customer has $20,000 to invest, but needs immediate access to the funds to pay a variety of bills that will arrive over the ne
    9·1 answer
  • A company purchased a computer, office furniture, and office supplies by issuing a check for $5,000 and a note payable for $19,5
    10·1 answer
  • Which documents are necessary to calculate ros?
    5·1 answer
  • If your monthly expenses total $2,000, you should save at least _______ in an emergency fund before focusing on your investment
    13·1 answer
  • Which of the following statements about mentors is true?
    9·2 answers
  • Wolf Den Craft Beers projects that it will need​ $50 million in total assets to meet the sales projection of​ $65 million. The p
    6·1 answer
  • Drivers of the growth of international acquisitions include all of the following except:_________.
    14·1 answer
  • How would you sell me a computer? What would you say
    12·1 answer
  • All of the following are advantages of having a savings account except
    8·1 answer
  • The Tucana Bank of Commerce pools customer deposits and uses the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!