Answer:
The firm will needto borrow 6,500 to achieve their minimum cahs balance and pay their budgeted expenditures
Explanation:
July
beginning $ 4,500
receipts $ 50,000
disbursement+ $ (56,000)*
subtotal $ (1,500)
minimun $5,000
Financing needs: 5000 - (-1500) = 6,500
payment/loan $6,500
*sum of cash payment for purchase of materials, operating expenses and capital expenditures
Maria should create a spreadsheet with outlines
Answer:
The correct answer is A) Regular corporation or C corporation
Explanation:
Because Candance and Martha want to sell shares, they have to form a corporation, be it a C Corporation or an S Corporation, however, they also want to avoid double taxation, therefore, they have to form a C Corporation.
A C Corporation or Regular Corporation is taxed on the income it makes, and nothing else, the profit after deducting taxes is not taxed again. A S Corporation, on the other hand, is taxed both on income and profit.
"Bouncing a check
When a check is deposited in a bank, or when it is written out to a store teller to ultimately deposit in the store bank, the funds are tracing back from an origin bank account. When the check bounces a fee is then charges by both the bank out of which the check is written (for non-sufficient funds) and by the payee. If the payee is a store they will often charge fees that are charged back to them by their bank of deposit."
