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Elenna [48]
3 years ago
6

Zhang Industries is preparing a cash budget for June. The company has $25,000 cash at the beginning of June and anticipates $95,

000 in cash receipts and $111,290 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $20,000 cash balance. Multiple Choice $11,290. $28,710. $12,290. $6,290. $16,290.
Business
1 answer:
zepelin [54]3 years ago
6 0

Answer:

$11,290

Explanation:

The computation of the amount that should be borrowed is given below:

Opening cash balance         $25,000.00

Add Cash Receipts             95,000.00

Less Cash Disbursements        (111,290.00)

Balance before adjustment 8,710.00

Desired ending cash balance  20,000.00

Amount to be borrowed  11,290.00

Hence, the first option is correct

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Answer:

The break even point in units is 2,425.33.

Explanation:

The break even point is how many units you have to sell to pay the fixed costs. The selling price per unit is 124 and the cost per unit is 94. The contribution margin is 124-94 = 30. This means that per every unit you sell, you have $30 for paying the fixed costs. So, the total units for paying all the fixed costs are 72,760/30 = 2,425.33.

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4 years ago
If a lender wants to yield 5% on a 4.25% fixed rate loan, then what fees should the lender charge?
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The fee that the lender should charge to ensure they get a yield of 5% on a fixed 4.25% loan is <u>0.75%</u>.

<h3>What is the lender's yield?</h3>

The lender's yield is the implicit interest rate charged to the borrower. The lender's yield can also be described as the internal rate of return for the lender, given the loan's discounted cash flows. The lender's yield is usually annualized, it is quoted as a rate per year.

Thus, for the lender to enjoy a yield of 5% on a 4.25% fixed-rate loan, the lender's fees should include at least <u>0.75%</u> (5% - 4.25%).

Learn more about the lender's yield at brainly.com/answer expert verified here: brainly.com/question/9028806

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2 years ago
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I don’t know the answer but I need points thank you and good luck
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3 years ago
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2 years ago
For a profitable firm, an increase in which one of the following will increase the operating cash flow?
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