Answer:
$488,000
Explanation:
He capital expenditure balance indicates a $520,000 purchase of equipment.
September ending cash balance is budgeted at $67,000
The company wants to maintain a minimum cash balance of $35,000
Therefore the minimum cash loan to be borrowed from the bank can be calculated as follows
= $520,000-$67,000+$35,000
= $488,000
Hence, the minimum cash loan that must be planned to be borrowed from the bank during September is $488,000
Answer:
Pointer finger or middle finger
Explanation:
Answer:
d. Reported as a current asset on the balance sheet
Explanation:
Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.
Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.
