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zubka84 [21]
3 years ago
5

Jubilee's Bakery is budgeting cash for 2017. The cash balance at December 31, 2016, was $6,000. Jubilee's Bakery budgets 2017 ca

sh receipts at $81,000. Estimated cash payments include $44,000 for inventory, $34,000 for operating expenses, and $15,000 to expand the store. Jubilee's Bakery needs a minimum cash balance of $13,000 at all times. Jubilee's Bakery expects to earn net income of $76,000 during 2017. What is the final result of the company's cash budget for 2017?
A. Must arrange new financing for $19,000
B. There is $19,000 available for additional investments.
C. Pay off $38,000 of debt.
D. There is $38,000 available for additional investments.
Business
1 answer:
marusya05 [52]3 years ago
4 0

Answer: B. There is $19,000 available for additional investments.

Explanation:

Cash Receipts both Estimated and available

= Beginning balance + budget receipts

= 6,000 + 81,000

= $87,000

Cash payments

= 44,000 + 34,000 + 15,000

= $93,000

Additional financing required = Cash receipts - Cash payment - minimum cash balance

= 87,000 - 93,000 - 13,000

= -$19,000

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Answer:

The answer to this question is Defamation

Explanation:

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A statement is said to be a Defamatory statement if it is false especially regarding the financial condition of the insurer.

Identifying defamatory statement

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5 0
3 years ago
Which of these resources do
xeze [42]

Answer:

B. Capital

Explanation:

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4 0
3 years ago
Delivery of stock index futures a. is never made. b. requires delivery of 1 share of each stock in the index. c. is made by a ca
jolli1 [7]

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6 0
3 years ago
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Nina [5.8K]

Answer:

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7 0
3 years ago
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Answer:

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