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densk [106]
3 years ago
15

Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash bala

nce is $19,900, expected cash receipts for April are $244,400, and cash disbursements are expected to be $253,300. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance
Business
1 answer:
9966 [12]3 years ago
4 0

Answer:

the amount must be borrowed is $8,900

Explanation:

The computation of the amount must be borrowed is shown below:

Opening cash balance $19,900

Add: cash receipts $244,400

Less: cash disbursements -$253,300

Cash balance after disbursements $11,000

Minimum monthly cash balance $19,900

Amount to be borrowed $8,900

hence, the amount must be borrowed is $8,900

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Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

rh - periodic interest rate in the home currency

rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

3 0
3 years ago
The _____ ensures that employees would be able to receive at least some pension benefits at the time of termination.
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3 years ago
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I may be wrong.......

8 0
3 years ago
Marina and Nolan formed the MN Partnership. Marina contributed $20,000 of cash in exchange for her 50% interest in the partnersh
Natasha_Volkova [10]

Answer:

A) $25,000.

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The merger of McKesson, the leading U.S. drug wholesaler, and HBOC, a producer of health-care inventory software, is an example
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The merger is an example of

<h3>What is a vertical merger?</h3>

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To learn more about mergers, please check: brainly.com/question/1086715

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