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
Arisa [49]
3 years ago
11

Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be

$15,000. Budgeted cash disbursements are $72,500, while budgeted cash receipts are $89,600. Wriston Company wants to have an ending cash balance of $30,000. The excess (deficiency) of cash available over disbursements for the month would be
Business
1 answer:
ch4aika [34]3 years ago
7 0

Answer:

$2,100

Explanation:

Cash Available = Opening Balance + Receipts - Disbursements - Desired Balance

                          = $15,000 +$89,600  - $72,500 - $30,000

                          = $2,100

Therefore,

The excess  of cash available over disbursements for the month would be  $2,100

You might be interested in
company's retained earnings have a financing cost associated with them because retained earnings belong to which of the followin
Masja [62]

Answer:

a. The common stockholders.

Explanation:

A company's retained earnings have a financing cost associated with them because retained earnings belong to the common stockholders.

Retained earnings can be defined as the accumulated profits or net income generated by an organization but are not distributed or given as dividends to the stockholders, rather are reinvested in to the business.

Generally, retained earnings are used to pay off debts, used for capital expenditures and working capitals.

Retained earnings represents the total stockholders' equity reinvested back into the company.

5 0
3 years ago
Clarissa wants to fund a growing perpetuity that will pay $6000 per year to a local museum, starting next year. She wants the an
likoan [24]

Answer:

She needs $150,000 to fund this perpetuity.

Explanation:

In this question we need to find the present value of this perpetuity. Because this is a growing perpetuity we will need to use the formula of present value of a growing perpetuity.

PV of growing perpetuity = Payment/ R-G

The payment is the current payment the perpetuity will pay which is 6,000, R is the interest rate which is 10% and G is the growth rate of the perpetuity which is 6%. Now we will input these values in the formula in order to find the present value of the perpetuity.

6,000/0.1-0.06

=6,000/0.04

=150,000

4 0
3 years ago
Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total
Paladinen [302]

Answer:

Option (c) is correct.

Explanation:

Given that,

Highest level of activity = 3,700

Total cost at highest level of activity = $82,400

Lowest level of activity = 1,200

Total cost at lowest level of activity = $65,000

Here, we are using high-low method of cost estimation,

Variable cost per unit:

= (Total cost at highest level of activity - Total cost at lowest level of activity) ÷ (Highest level of activity - Lowest level of activity)

= ($82,400 - $65,000) ÷ (3,700 - 1,200)

= $17,400 ÷ 2,500

= $6.96

Fixed Costs:

= Total cost at highest level of activity - (Variable cost per unit × Highest level of activity)

= $82,400 - ($6.96 × 3,700)

= $82,400 - $25,752

= $56,648

3 0
3 years ago
Eighty units of end item X are needed at the beginning of week 6, and another 30 units are needed at the beginning of week 8. Pr
alekssr [168]

Find the below attachments for complete answer

6 0
3 years ago
Nike Inc is one of the world leading atheletic shoes manufacturer. The following activities occurs during the recent year: Purch
Ksenya-84 [330]

Explanation:

The journal entries are shown below:

1. Building A/c Dr $176

  Equipment A/c Dr $270

               To Cash A/c $408

                To Note payable A/c $38

(Being the building and the equipment is purchased for cash and note payable)

2. Cash A/c Dr $345

        To Common stock $240 (120 shares × $2)

        To Additional paid in capital A/c - Common stock A/c $105

(Being the common stock is issued for cash)

3. Retained earnings A/c Dr $145

            To Dividend payable A/c $145

(Being the dividend is declared)

4. Short - term investment A/c Dr $7,616

            To Cash A/c $7,616

(Being the short term investment is purchased for cash)

5. No journal entry is required

6. Cash A/c Dr $4,413

           To Short - term investment A/c $4,413

(Being the short-term investment is purchased)

8 0
3 years ago
Other questions:
  • The Sarbanes Oxley Act (SOX) internal control standards apply only to companies listed on U.S. exchanges. True or false?
    10·1 answer
  • Using the information below, calculate cost of goods sold for the period: Sales revenues for the period$1,312,000 Operating expe
    15·1 answer
  • Townley inc has provided the following data for the month of February. There were no beginning inventories; consequently, the di
    13·1 answer
  • A government collects $700 billion annually in tax revenue. Each year it allocates $130 billion to interest payments that it mus
    11·1 answer
  • The maturity date of a note receivable: Multiple Choice
    7·1 answer
  • What is The appearance of text called?
    5·1 answer
  • Estephanie, Yahaira, and Adamaris, all African Americans, worked in the advertising department of a large cosmetic company with
    14·1 answer
  • For each of the following, indicate whether the idea is most closely associated with the first industrial revolution, the second
    14·1 answer
  • 1. Un plan de mercadeo debe estar sustentado en
    15·1 answer
  • The Nicor family is planning to purchase a new home 7 years from now. If they have $240,000 now, how much will be available at t
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!