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Schach [20]
4 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]4 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

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Molly and Craig are the original parties to a contract. Craig is obligated to design a Website for Molly. They subsequently make
kolezko [41]

Answer:

Novation

Explanation:

A novation is an agreement that is made between the two parties. In this, the one-party could take place or we can say the substituting of a new party could be done but the parties could  ready for the novation

Here in the given scenario, since the Eric takes the place of Craig and its rights and duties are now with Eric

So this situation represents the novation agreement

6 0
3 years ago
Imagine that you are the newly appointed HR manager for a 500-employee health care provider organization. Using features of the
slamgirl [31]

Answer:

Answer is explained in the explanation section below.

Explanation:

As the newly appointed HR manager of a 500-employee health care provider organization, I will focus on employee development and training because skilled and trained employees will demonstrate high efficiency in the health organization and less error in medical reports, which could lead to patient dissatisfaction if their problem is not resolved due to medical report errors or lacunae.

So, I'd go with the Counseling model, in which our health-care service providers provide employee training and development through techniques like job training, internships, role plays, and learning classes, all of which are essential in health-care organizations because we provide health-care solutions to our patients and want to hire and retain highly skilled and professional personnel in our organizations.

Since qualified and skilled workers are capable of operating at a high level of productivity, have the ability to evaluate challenges and produce solutions, support both technical and non-technical activities in the organization, are experts in their fields, and so on, this model is required to transform my company into an ideal organization.

Since I would look out for what is best for employees and their growth as an HR manager, but the CEO is more concerned with cost and profit, and training and development for 500 employees could be a little more costly, the CEO will want me to adapt my model based on cost and budget.

6 0
3 years ago
Identify and discuss five areas of modern business and the role ICT play in achieving business success
k0ka [10]

Answer:

The five areas of modern business and the role ICT play in achieving business success is discussed below in complete details.

Explanation:

ICT incorporates all digital technology that supports people, businesses, and establishments in managing messages and information. ICT helps by making a business more productive, efficient, and quickly react to customers' requirements. ICT can serve business ventures including layouts, production, Research and development, shipping and commerce, and feedback.

3 0
3 years ago
Over the years, O'Brien Corporation's stockholders have provided $20,000,000 of capital. The firm now has 1,000,000 shares of co
mixer [17]

Options:

A. $18,500,000

B. $19,000,000

C. $19,500,000

D. $20,000,000

E. $20,500,000

Answer: C. $19,500,000.

Explanation:MVA(MARKET VALUE ADDED) is a measurement that is used to describe the difference between the market value to a company and the capital contributed by both the shareholders and the bondholders.

WHEN THE MARKET VALUE ADDED IS HIGH IT SIGNIFIES THAT THE COMPANY IS GENERATING ENOUGH MONEY TO COVER THE COST OF CAPITAL.

MVA= (market value-stockholders contribution).

Market value =$39.5*1000000shares

= $39,500,000

MVA= $39,500,000-$20,000000

MVA=$19,500,000.

8 0
4 years ago
Refer to Exhibit 4.1. What is the firm's total debt to total capital ratio? Do not round your intermediate calculations.
Evgen [1.6K]

The question is about the financial leverage ratio which is total debt to total capital.

The correct answer to the given question is D. 46.51%

<h3>Explanation</h3>

This ratio measures the financial leverage of a company. It assess how much asset of a company are financed by debt.

<h3>Formula</h3>

The formula to calculate total debt to total capital ratio is :

Total Debt [ Long term + Short Term] / Total Capital

If the total debt of the company is 29,060 and total capital is 62,481,

29,060 / 62,481 = 46.51%

The correct option is d. 46.51%

The exhibit 4.1 is found on quizlet website.

Learn more business at brainly.com/question/26254074

4 0
3 years ago
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