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Luden [163]
3 years ago
8

which of the following is a benefit of preparing a cash budget? a. It helps to estimate the average collection period of sales d

uring a period. b. It helps to estimate the amount of credit sales during a period. c. It helps estimate the amount to be borrowed or loans to be repaid during a period d. It helps to estimate the current assets ratio during the budgeted period 2. Which of the following is part of cash disbursement section of cash budget? a. Depreciation expense b. Purchases c. Loss on sale of assets d. Cash sales 3. The amount of borrowings necessary to achieve minimum desired cash amount is called a. cash deficiency. b. operating loss. c. cash outflow. d. solvency level. 4. Explanations for the budgeted figures are typically provided in the b. Purchases c. Loss on sale of assets d. Cash sales 3. The amount of borrowings necessary to achieve minimum desired cash amount is called a. cash deficiency b. operating loss. c. cash outflow. d. solvency level. 4. Explanations for the budgeted figures are typically provided in the a. budgeted balance sheet. b. footnotes. c. budgeted income statement. d. participative budgeting.
Business
1 answer:
Katyanochek1 [597]3 years ago
8 0

Answer:

1.c. it helps to estimate the amount to be borrowed or loans to be repaid during a period

2. d. purchases

3. d. solvency level

4.b. footnotes

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When a business association holds itself out to others as being a corporation when it has made no attempt to , the firm normally
REY [17]

Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.

Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.

So it becomes.

When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.

The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.

3 0
3 years ago
Read 2 more answers
When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calcul
Allushta [10]

Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

  • % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
  • % change in price = [($24 - $12) / $12] x 100 = 100%

PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

6 0
3 years ago
If the reserve requirement is 20 percent, then excess reserves of $800 can increase M1 money supply by ___. g
Llana [10]

Answer:

If the reserve requirement is 20 percent, then excess reserves of $800 can increase M1 money supply by ___.

$3,200.

Explanation:

a) Data and Calculations:

Excess reserves = $800

Reserve requirement = 20%

Therefore, M1 money supply = $800/20% = $4,000

The increase in the M1 money supply will be $3,200 ($4,000 - $800)

b) The amount of funds that a bank is required by the central bank to hold in reserve to meet liabilities in case of sudden withdrawals by depositors is called the reserve requirement. It is usually stated as a percentage by the Fed Reserve.  The Fed uses reserve requirement as a tool to increase or decrease money supply in the economy and influence interest rates.  What the Fed does with the reserve requirement, therefore, depends on the monetary policy that it chooses to respond to the money market.

3 0
3 years ago
Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for
Svet_ta [14]

Answer:

Obtain a deficiency judgment against Drew for the amount owed.

Explanation:

Even though Hale repossessed the computer, it must still seek a deficiency judgment against Drew in order to recover the money owed. If Drew cannot pay his debt, he has the right to request Hale to sell the computer in order for Hale to recover the money owed.  

Repossession is one way that a lender can use to reclaim property that was put as collateral for a loan. For example, if you do not pay your car loan, the lender can simply repossess your car by taking it away without a court order. But the debtor still had the right to try to reclaim the property by paying the debt or agreeing on some type of payment procedure.

6 0
3 years ago
Rock bottom purchases its inventory on trade credit with terms of 2/10 net 45. If the firm waits the full 45 days to pay for the
Lera25 [3.4K]

Answer:

The effective annual rate of interest is 23.45%

Explanation:

Effective annual rate of interest=(1+annual interest)^365/t-1

Annual interest =discount rate/100%-discount rate

discount rate here is 2%

annual interest=2/100-2

                         =2.04%

T is the difference between the discount period of 10 days and credit period of 45 days

45-10=35 days

Effective annual rate of interest=(1+2.04%)^(365/35)-1

                                                      =(1.0204^10.42857143) -1

                                                      = 1.2345  -1

                                                       =0.2345

                                                        =23.45%

8 0
3 years ago
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