Answer:
The company must borrow $3000 and option B is the correct answer.
Explanation:
The minimum cash balance is the required balance that the company should have at the end of the period. The decision to borrow or repay will be taken by comparing the period end balance with the minimum balance. If the period end balance is higher than the minimum balance, the company may decide to repay. If it is lower than the minimum balance, the company should borrow.
The period end balance can be calculated as,
Ending balance = Opening Balance + Cash receipts - Cash disbursements
Ending balance = 17000 + 120000 - 130000
Ending balance = $7000
Difference = 7000 - 10000 = -$3000
As the ending cash balance ($7000) is less than the minimum cash balance required ($10000), the company should borrow for the amount of difference. Thus, the company should borrow $3000
When creating a budget you want to remember your income level and what you can afford. If you only make 200$ every week you don't want out budget to be 200$ cause you won't have anything for savings. You also want to keep in mind your wants verses needs. the last thing you want to keep in mind is whatever your buying is it worth spending money on i.e. good quality, last you while, etc.
Answer: See explanation
Explanation:
The unit selling price of sale mix will be:
= (1200 × 60%) + (452 × 40%)
= 720 + 180.8
= 900.8
The unit variable cost of sales mix will be:
= (450 × 60%) + (242 × 40%)
= 270 + 96.8
= 366.8
The unit contribution margin of sales mix will be:
= 900.8 - 366.8
= 534
Break even sales unit will be:
= 348,168 / 534
= 652
The break-even point in units of X will be:
= 60% × 652
= 391.2
The break-even point in units of Y will be:
= 40% × 652
= 260.8
A lease is renting something, and a loan is lend money from the saving bank.
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