Answer:
C. $16,000
Explanation:
Beginning cash balance
$33,000
Add cash receipt
$182,000
Less cash disbursement
($191,000)
Ending cash balance
$24,000
Desired ending cash balance
$40,000
Borrowing ($40,000 - $24,000)
$16,000
Therefore, the company needs to borrow $16,000 to attain its desired ending cash balance for March.
Answer:
Interest = ( 100 + 100 + 100) × 0.07 = $21
The answer reflects 3 increments of $100
Explanation:
Overdraft which is essentially the extension of credit from a bank when an account balance reaches zero. The credit extension allows the accountholder to continue withdrawing money from the account, despite its zero balance.
Answer:
C. shortage cost / (overage cost + shortage cost).
Explanation:
For computing the service level for the seasonal products, we divide the shortage cost to the overage cost plus shortage cost.
The overage cost is that cost which is incurred for ordering excess inventory which is not required for the present level of production level. It is a loss for the company.
And, the shortage cost is that cost in which the company has no stock in their warehouse through which it impacts the business image and the goodwill. The company's customers will go to another company which results in the loss of the company customers.
For service level, we added the overage cost and shortage cost in the denominator side
So, the correct option is c.
Answer:
Which of the following is NOT a step in the strategic planning process?
E) evaluating all members of the value chain
Explanation:
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy