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MAXImum [283]
3 years ago
13

During September, the capital expenditure budget indicates a $520000 purchase of equipment. The ending September cash balance fr

om operations is budgeted to be $67000. The company wants to maintain a minimum cash balance of $35000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?
Business
2 answers:
wariber [46]3 years ago
7 0

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

alexgriva [62]3 years ago
7 0

Answer:

the minimum cash loan that must be planned to be borrowed is $418,000.

Explanation:

The Cash Budget is prepared to highlight times for cash surpluses - allowing arrangements for investments of those surpluses to gain maximum return.

The Cash Budget also highlight times for Cash deficit - allowing for short term alternative sources of finance.

<u>September Cash Budget Reconciliation :</u>

Purchase of Equipment                 $520,000

<em>Less </em>Cash Balance                          ($67,000)

<em>Less</em> Minimum Cash Balance         ($35,000)

Budgeted Loan Balance                 $418,000

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My name is Ann [436]

Answer:

The final value of the investment after 3 years is $7,146.10

Explanation:

Giving the following information:

Investment= $6,000

Interest rate= 6​% compounded annually

The number of years= 3 years.

To calculate the final value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 6,000*(1.06^3)

FV= $7,146.10

The final value of the investment after 3 years is $7,146.10

3 0
3 years ago
The CEO of a multinational company finds that profits are drastically decreasing. He realizes that employees need to be immediat
dangina [55]

The CEO should use videoconference. In general, one should deliver straightforward and routine communications through less rich media and challenging and unique messages through richer media.

<h3><u>What are the advantages of Media in Business?</u></h3>
  • Helps in getting more awareness about the business to the employees, clients and public.
  • Cheap way of communication
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  • People can compare different products
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  • It provides great exposure
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4 0
2 years ago
A reading researcher does what
Dmitry_Shevchenko [17]

Answer:

They reveal how the author(s) interpreted the findings of their research and presented recommendations or courses of action based on those findings.

Explanation:

7 0
2 years ago
Your current account balance is $215. you have $322 of expenses each month. your income is $444 per month. how long will it take
sladkih [1.3K]
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6 0
3 years ago
You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:
goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities        $360,000

accounts receivable                           $1,280,000

inventory                                             <u>$2,180,000</u>

Total Current Assets                          <u>$3,820,000</u>

Current Liabilities are those which is payable within next one year.

accrued wages and taxes                   $540,000

accounts payable                                $840,000

notes payable                                      <u>$680,000</u>

Total Current Liabilities                       <u>$2,060,000</u>

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

5 0
3 years ago
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