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
Schach [20]
3 years ago
11

Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts tot

al $127,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $40,000. Any borrowing is in multiples of $1,000 and interest is paid in the month following the borrowing.To attain its desired ending cash balance for December, the company needs to borrow:________.
A. $0.
B. $25,000.
C. $55,000.
D. $40,000.
Business
1 answer:
Andreas93 [3]3 years ago
6 0

Answer:

The company needs to borrow $25000 and option B is the correct answer.

Explanation:

If the ending amount of cash for the year is less than the desired ending balance, then the company will need to borrow to maintain the desired level of cash balance.

To calculate the amount needed to be borrowed, we first compute the ending cash balance for December. The ending cash balance will be,

Closing Balance = Opening Balance + Receipts - Payments

Closing Balance - December = 14000 + 127000 - 126000

Closing Balance - December = $15000

The difference between the closing cash balance and the desired closing cash balance is the amount that the firm will need to borrow.

Amount need to be borrowed = 40000 - 15000  =  $25000

You might be interested in
A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific pa
Bad White [126]

Answer:

B) Abstract and opinion.

Explanation:

Abstract and opinion can also be call Abstract of title:

this is the records or evidence of the full history of the property from the conveyance,wills, legal backing, and the list of those people that as assume ownership of the property for a particular period of time.

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a Abstract of Title or Abstract and opinion.

6 0
3 years ago
How does regional institutional complexity affect mne internationalization?
Vaselesa [24]
International business research is only beginning to develop theory and evidence highlighting the importance of supranational regional institutions to explain firm internationalization. In this context, we offer new theory and evidence regarding the effect of a region's "institutional complexity" on foreign direct investment decisions by multinational enterprises (MNEs). We define a region's institutional complexity using two components, regional institutional diversity and number of countries. We explore the unique relationships of both components with MNEs' decisions to internationalize into countries within the region. Drawing on semiglobalization and regionalization research and institutional theory, we posit an inverted U-shaped relationship between a region's institutional diversity and MNE internationalization: extremely low or high regional institutional diversity has negative effects on internationalization, but moderate diversity has a positive effect on internationalization. Larger numbers of countries within the region reduces MNE internationalization in a linear fashion. We find support for these predicted relationships in multilevel analyses of 698 Japanese MNEs operating in 49 countries within 9 regions. Regional institutional complexity is both a challenge and an opportunity for MNEs seeking advantages through the aggregation and arbitrage of individual country factors.
3 0
3 years ago
Assume the following is the Budget Equation for a consumer: 170 Tequila + 32 Vodka = 2,810 What would be the intercept of the bu
Agata [3.3K]

Answer:

Explanation:

Let:

y=Tequila\\x=Vodka

So:

170y+32x=2810

This is an equation of a line. Let's represent it in its Slope–intercept form:

Subtract\hspace{3}32x\hspace{3}from\hspace{3}both\hspace{3} sides:\\170y=2810-32x\\\\Divide\hspace{3}both\hspace{3}sides\hspace{3}by\hspace{3}170\\\\y=\frac{281}{17}-\frac{16}{85}x

In order to find the intercept of the budget line on the Tequila axis, we need to evaluate the function for x=0, so:

y=\frac{281}{17} -\frac{16}{85} (0)=\frac{281}{17} \approx16.53

3 0
3 years ago
Recently, Verizon Wireless ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selec
tatyana61 [14]

Answer:

C) Yes: The one-week measures show demand is elastic, so a price increase will reduce revenues.

Explanation:

The error that the Manager did was to under-estimate the principles of elasticity of demand that posits that increase in price is inversely proprtional to demand. Perhaps, she also overrated the quality of their services without given thoughts to the presence of competition and customers’ decisions in a competitive market.

The survey carried out was a proof of the fact that price increase had an inverse effect on the demand for the services, as was shown by the rate of decline in the number of customers who enrolled in Verizon's cellular plans especially in those states where they had the best of customers’ loyalty.  

7 0
2 years ago
Read 2 more answers
Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $430 per ou
Zolol [24]

Answer:

the  cost of the platinum to be purchased on august is $663,920

Explanation:

The computation of the cost of the platinum to be purchased on august is shown below:

= (August production - july - september) × required ounces × cost per ounce

= (3,100 - 310 + 298) × 0.5 × $430

= $663,920

hence, the  cost of the platinum to be purchased on august is $663,920

4 0
2 years ago
Other questions:
  • Wynstin landed a fabulous job as a financial consultant about six months ago. He is quite successful at his job and enjoys what
    10·1 answer
  • In addition to teaching some amount of tolerance, the crusades also encouraged ______.
    12·1 answer
  • Which term is used for the period in the late eighteenth and early nineteenth centuries that witnessed increased agricultural pr
    13·1 answer
  • Six years ago, Bradford Community Hospital issued 20-year municipal bonds with a 7 percent annual coupon rate. The bonds were ca
    10·1 answer
  • Taxation of Business Entities, 2016 edition7-65.) Wolverine Corporation made a distribution of $500,000 to Jim Har Inc. in par-t
    6·1 answer
  • Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the A. supply of
    15·1 answer
  • A year​ ago, the IT team earned​ corporate-wide recognition for its performance. More​ recently, it has begun to experience some
    12·1 answer
  • A wheat farmer in Nebraska takes a risk and starts a new farm on land that was previously thought unfit for growing wheat. If hi
    13·1 answer
  • Formaggio Vecchio announced its regular quarterly cash dividend of $0.20 per share. Currently there are one million shares outst
    11·1 answer
  • Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different compan
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!