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stich3 [128]
3 years ago
9

Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $45,000. Budgeted cash receipts total

$129,000 and budgeted cash disbursements total $124,000. The desired ending cash balance is $60,000. To attain its desired ending cash balance for May, how much does the company need to borrow
Business
1 answer:
Morgarella [4.7K]3 years ago
3 0

Answer:

The company needs to borrow $10,000

Explanation:

First, let us state the information given clearly:

Beginning cash balance = $45,000

total cash receipt = $129,000

total cash disbursement = $124,000

desired ending cash balance = $60,000

Next Let us calculate the net cash available after the period's transactions:

Net available cash from transactions = total receipt - total disbursements

= 129,000 - 124,000 = $5,000

Next we were told that the beginning balance = $45,000

This means that without borrowing ;

the net ending cash balance = Net available cash from transactions + beginning cash balance = 5,000 + 45,000 = $50,000

Finally, we are told that the desired ending cash balance = $60,000, and the amount of cash available = $50,000, therefore to meet up the target, the amount that needs to be borrowed is calculated thus:

desired ending cash = available cash + borrowed amount

60,000 = 50,000 + borrowed amount

∴ borrowed amount = 60,000 - 50,000 = $10,000

hence the company needs to borrow $10,000

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Answer:

$290

Explanation:

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So for a 40 hour week the minimum wage for Ben Lieber is 7.25* 40= $290

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4 0
2 years ago
Based on the following cost data, what conclusions can you make about the costs of Product A and Product B?
Basile [38]

Answer:

The answer is D

Explanation:

Product A is a variable cost because variable cost(inputs) increases(decreases) with increase (decrease) units(output).

Whereas for product B;

Though, fixed cost is fixed across all units of output but as the total output increases, the average fixed cost decreases because the same amount of fixed costs now cover a larger number of output produced.

6 0
3 years ago
Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines
Artyom0805 [142]

Answer: a. Gardening gloves

b. Terracotta planters

c. Garden scissors

d. Watering cans

Explanation:

From the question, we are informed that Helga runs a website on which she sells houseplants and that she also earns through pay-per-click advertising that allows search engines to show targeted ads on her site.

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4 0
3 years ago
1. A public relations manager plans to delegate crisis communications responsibilities to a subordinate. What characteristic wil
pashok25 [27]

The characteristic that the manager needs to assess of the subordinate prior to delegating responsibilities is:

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The type of leadership training that is being provided by the human resource director is:

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Situational leadership is seen when a manager delegates tasks based on the performance readiness of his staff.

The performance readiness in this case combines the ability of the person receiving the task and their willingness to execute the assigned task.

Learn more about situational leadership here:

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8 0
2 years ago
The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $
STatiana [176]

Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months

the bond matures in 18 years or 36 semiannual periods

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

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8 0
3 years ago
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