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
lakkis [162]
3 years ago
13

10. Barbara Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts

total $188,000 and budgeted cash disbursements total $187,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for June will be:
Business
1 answer:
katrin [286]3 years ago
5 0

Answer: $17,000

Explanation:

Given that,

Budgeted beginning cash balance = $16,000

Budgeted cash receipts total = $188,000

Budgeted cash disbursements total = $187,000

Desired ending cash balance = $40,000

The excess (deficiency) of cash available over disbursements for June will be:

= Beginning cash balance + Cash receipts - Cash disbursements

= $16,000 + $188,000 - $187,000

= $17,000

You might be interested in
On January 1, 2024, Ott Co. sold goods to Flynn Company. Flynn signed a zero-interest-bearing note requiring payment of $160,000
Sindrei [870]

Answer:$856,838.40

Explanation:

The sales revenue will should be the present value of paying $160,000 annually for 7 years. This is an Annuity but one that is paid at the beginning of a period making it an Annuity due.

Present Value of Annuity Due = Payment * (Present value of Annuity Interest factor, rate, period) * ( 1 + rate)

Present Value of Annuity Due = Payment * (Present value of Annuity Interest factor, 10%, 7) * ( 1 + 10%)

= 160,000 * 4.8684 * 1.1

= $856,838.40

7 0
3 years ago
Goods X and Y are complements. If the price of Good X decreases, this will cause a movement ________ the demand curve for Good X
notsponge [240]

Answer:

along, outward

Explanation:

Complementary goods are goods that complement each other in demand. An increase in quantity demanded of one product leads to increase in sand of the other.

For example tea and sugar. Since tea and sugar are taken together, an increase in demand for tea should result in increased demand for sugar also.

So a decrease in X above will lead to increased demand for X which also increase demand for its complement (Y).

An outward shift in Y means that at all prices Y's demand has increased (demand shift outward).

8 0
4 years ago
Selected data for Kris Corporation’s comparative balance sheets for Year 1 and Year 2 are as follows:
Mandarinka [93]

Answer:

Correct option : c. a decrease of $150,000

Explanation:

Based on the information given in Year 1 inventory shows the amount of $100,000 while the inventory in Year 2 shows the amount of $250,000 which simply means that inventory that is purchased is higher than the inventory that is sold which will inturn lead to outflow of cash because cash is been paid , hence cash will decreased by the amount of $150,000($100,000-$250,000).

Therefore the cash flow from accounts receivable would be recorded as:a decrease of $150,000

3 0
3 years ago
Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included i
san4es73 [151]

Answer:

A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm

and

A plausible reason why Blue Hamster Manufacturing Inc.’s price to free cash flow ratio has decreased is that investors expect lower cash flow per share in the future

Explanation:

Please refer the calculated ratios below

Ratios Calculated    

                                            Year 1       Year 2 Year 3

Price to cash flow                6.80         4.76         3.81

Inventory turnover                13.60 10.88 8.70

Debt to equity                 0.60 0.48 0.38

7 0
4 years ago
The rate the fed charges member banks for short-term loans is called the ________.
Bingel [31]
The rate of interest the Federal Reserve charges banks for short-term loans is called the
discount rate.
5 0
3 years ago
Other questions:
  • Starbucks has become a phenomenon worldwide, with more than 24,000 stores in more than 60 countries. Sales are great even at rel
    7·1 answer
  • Kristin arranged 9 flowers in a vase 5 of the flowers were tulips what fraction of the flowers are tulips
    7·1 answer
  • If Ty's marginal utility for a cup of coffee is 20 and his marginal utility of a donut is 10, then: A. coffee should be his next
    8·1 answer
  • Villa Sales Company had the following amounts related to its business: Beginning inventory, $12,000; Purchases, $42,000; Net sal
    9·1 answer
  • A company uses an activity-based costing system composed of three processes: tooling, processing, and resources. The company has
    9·1 answer
  • Arizona Tea is marketed by Vultaggio & Sons. Vultaggio & Sons took a basic drink and put it into unusual bottles with el
    8·1 answer
  • What does pito mean kids said i look like a pito
    6·2 answers
  • Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very good credit score, so his loan
    7·1 answer
  • One thing to consider when you’re setting your goals is to focus on your _____________, not on the outcome.
    13·2 answers
  • There are private schools in america where kids pay up to $60,000 per year for room and board. This is an example of?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!