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Alisiya [41]
3 years ago
13

The following information is available for Conger Company for the month of January: expected cash receipts $59,000; expected cas

h disbursements $67,000; and cash balance on January 1, $12,000. Management wishes to maintain a minimum cash balance of $9,000.
Prepare a basic cash budget for the month of January.
Business
1 answer:
Otrada [13]3 years ago
8 0

Answer:

Basic cash budget for the month of January

Cash Receipts :

Receipts                               $59,000

Expenditures :

Disbursements                     $67,000

Net Cash                               ($8,000)

Beginning Balance               $12,000

Ending Balance                      $4,000

Loan amount                          $5,000

Explanation:

A Cash Budget gives an estimate of cash receipts and expenditures. It can also tell when and how much additional cash may be required to meet  minimum cash balances.

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An investment project has annual cash inflows of $4,200, $5,100, $6,300, and $5,500, and a discount rate of 15 percent. a. What
Naddika [18.5K]

Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

Cf2= $5,100

Cf3= $6,300

Cf4= $5,500

Discount rate= 15%

<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>

<u></u>

Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

<u>To be more accurate:</u>

(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

6 0
3 years ago
Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb
Ket [755]
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
</span>
7 0
3 years ago
Manten is a popular brand of hiking boots. Its advertisements emphasize the experience of conquering unfamiliar terrain in the w
Helga [31]

Answer: Transformational advertising  

Explanation:

From the given case/scenario, we can state that this approach is an example of Transformational advertising. Transformational advertisement is referred to as or known as advertising which tends to associate experience of consuming advertised brand in association with unique parts of the psychological characteristics that are not typically associated with brand or the experience.

3 0
3 years ago
In the text, Curves is an example of which path? a. Looking across alternative industries b. Looking across strategic groups wit
Elena L [17]

Answer:

The correct option is D) Looking across complementary offerings

Explanation:

There are about 6 well-known paths to achieving a <em>Blue Ocean Strategy.</em>

Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.

One of them is called looking across complementary offerings.

Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.

The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.

Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.

Cheers

7 0
3 years ago
Who is responsible for the setup of speakers for a banquet
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Answer:

I think manager??????????

6 0
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