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
babymother [125]
3 years ago
15

Batista Company management wants to maintain a minimum monthly cash balance of $19,100. At the beginning of April, the cash bala

nce is $22,700, expected cash receipts for April are $245,800, and cash disbursements are expected to be $257,700. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance
Business
1 answer:
klio [65]3 years ago
6 0

Answer:

The cash, if any, must be borrowed to maintain the desired minimum monthly balance is $19,100 (given in the question) and the borrowed amount  to maintain the desired minimum monthly balance is $9,000.

Explanation:

The steps for computing the borrowed amount to maintain the desired minimum monthly balance is shown below:

Step 1 : Write Beginning Cash balance

Step 2 : Add Cash receipts

Step 3 : Less Cash disbursements

Step 4 :  After cash disbursements is calculated

Step 5: Write minimum monthly cash balance

Step 6: Now, deduct Step 4 amount by Step 5 amount to calculate borrowed amount.

So,

After Cash disbursement =  Beginning Cash balance  + Cash receipts - Cash disbursements

                                          = $22,700 + $245,800 - $257,700

                                          = $10,800

The cash, if any, must be borrowed to maintain the desired minimum monthly balance is $19,100 (given in the question)

And, the borrowed amount  to maintain the desired minimum monthly balance = Monthly cash balance - After cash disbursements

             = $19,100 - $10,800

             = $9,000

Thus, the cash, if any, must be borrowed to maintain the desired minimum monthly balance is $19,100 (given in the question) and the borrowed amount  to maintain the desired minimum monthly balance is $9,000.

You might be interested in
Which of the following is a condition in the general environment that if exploited effectively helps a company reaches strategic
valentina_108 [34]

Answer:

The correct answer to the following question will be "Opportunity".

Explanation:

  • A market opportunity to sell or contract any commodity, facility, facilities, etc. that will allow the buyer-licensee to set up a business.
  • The licensor of a marketing opportunity usually announces that he or she will protect or support the purchaser in finding a suitable destination or deliver the commodity to the cardholder-licensee.

Therefore, Opportunity is the right answer.

5 0
3 years ago
Which of the following is not allowed by scrum refactoring velocity tracking relaease planning hardening sprints
Igoryamba

Answer:

(B) Hardening sprints

Explanation:

Hardening Sprints are not allowed because the subject of hardening should be continuously address throughout normal Sprints.

Or if the question has the following options:

Which of the following is not allowed in Scrum?

a. Using Story Points

b. Hardening Sprints

c. Release Planning

d. Using Planning Poker

Answer:

(B) Hardening sprints

Explanation:

Using Story Points, Release Planning, Using Planning Poker are not mandatory but allowed. Only hardening sprints are not allowed.

3 0
3 years ago
When union representatives negotiate with employers for better wages and working conditions, they are involved in __________?
kifflom [539]
They are in a labor union
3 0
3 years ago
The doctrine that makes a defendant liable even if the defendant is without fault is called...
Elanso [62]
<span>C: strict liability

I hope this helped ya :)</span>
4 0
3 years ago
The equity method with consolidation is used to account for long-term investments in equity securities with controlling influenc
pashok25 [27]
I go with true................

4 0
3 years ago
Other questions:
  • All of the following are tests for determining qualifying child status except the ______.A. gross income testB. age testC. suppo
    15·1 answer
  • Stine Co. is a retail store operating in a state with a 6% retail sales tax. The retailer may keep 2% of the sales tax collected
    12·2 answers
  • In the short run, prices may rise faster than costs. This chapter discusses why this might happen. Suppose that labor and manage
    11·1 answer
  • Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The issue price
    10·1 answer
  • Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason choo
    10·1 answer
  • What is the difference between being overstaffed and overhired
    11·1 answer
  • Help! Which tasks commonly are performed in Management and Entrepreneurship jobs? Check all that apply.
    5·2 answers
  • The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventor
    5·1 answer
  • One thing that a college might look at when considering accepting a new student is:
    14·2 answers
  • B. the budgeted indirect-cost driver rate for y based on the number of machine-hours is in excess of x by ________per machine ho
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!