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DerKrebs [107]
2 years ago
13

Northern Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,

000 in cash receipts and $34,500 in cash disbursements during June. Northern Company has an agreement with its bank to maintain a cash balance of at least $10,000. To maintain the $10,000 required balance, during June the company must:
Business
1 answer:
dedylja [7]2 years ago
3 0

Answer:

Borrowed amount of $2,500

Explanation:

The computation is shown below;

The Total available balance is

= Beginning balance + Receipts - Disbursements

= $12,000 + $30,000 - $34,500

= $7,500

As the cash should be maintained of $10,000

So,  

The amount to be borrowed is

= $10,000 - $7500

= $2,500

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On January 1, Applied Technologies Corporation (ATC) issued $550,000 in bonds that mature in 10 years. The bonds have a stated i
AVprozaik [17]

Answer:

$550,000

Explanation:

Data provided in the question

Issued amount = $550,000

Time period = 10 years

Stated interest rate = 12%

Market interest rate = 12%

Based on above information, as we can see that the stated interest rate is equal to market interest rate i.e 12% which reflects that it issued at par i.e face value

So in this case, the amount received at issuance is equal to the issued amount i.e $550,000

3 0
3 years ago
the equity of the corporation, a measure of the value of its assets less debt, is estimated to be 200000. linda forgoes a return
Elodia [21]

Answer:

Economic profit  = $5000

Explanation:

given data

value of assets less debt = 200000.

return = 10% per year

total revenue this year =  295000

solution

we consider here that

payroll wage and salaries  = $100000

interest paid = 40000

depreciation on equipment = 80000

supplies utility = 50000

so here we get first Total cost  that is

Total cost = payroll + interest paid + depreciation + supplies   .................1

put here value and we get

Total cost = 100000 + 40000 + 80000 + 50000  

Total cost = $270000

Thus,

Accounting profit = Total revenue - total cost    ..............2

Accounting profit  = 295000 – 270000

Accounting profit  = $25000

and we know Opportunity cost is  

Opportunity cost = 10% of $200000

Opportunity cost = 10% × 200000

Opportunity cost  = $20000

so here Economic profit  will be

Economic profit = accounting profit - opportunity cost   ..............3

Economic profit  = 25000 - 20000

Economic profit  = $5000

5 0
3 years ago
According to Henry Mintzberg, in the _____, managers receive a great deal of unsolicited information because of their personal c
goldfiish [28.3K]

Answer:

Monitor role

Explanation:

According to Henry Mintzberg, in monitor role , a manager regularly seek out information related to his organization and industry, looking for relevant changes in the environment. He also monitors his team, in terms of both their productivity, and their well-being.

6 0
3 years ago
Suppose that the inverse demand equation is p​ = 100 minus 2Q and the supply equation is p​ = 2Q. If the price is controlled at
Irina18 [472]

Answer: P =$50

Q= 25

Explanation: P= 100-2Q

P= 2Q

To get the quantity supplied Q, we have to educate both equations

100-2Q=2Q, 100=2Q+2Q

100=4Q, Q=100/4 , Q=25

To get the equilibrium price we have to substitute the value of Q which is 25 into any of the equation.

Using equation 1

P=100-2Q, P=100-2(25)

P=100-50, P=$50.

If the price is controlled at $60, then the production pays the producer this is because a commodity is not expected to be sold at the equilibrium price, price flooring is a way that government or a group control the market price of a commodity or produce by imposing a particular price on it. This is to ensure that the producers are not at loss with their production, a price floor is always higher than the equilibrium price to be effective as seen in the example given above, price floor is $60 while equilibrium price is $50.

An example of a price floor for services can be seen in the minimum wage stated by the government this is to ensure that people's services are not misused anyhow.

Price flooring most times can lead to surplus quantity produced if consumers are not willing to pay the price, because the producer will be wiling to produce more in order to make more profit.

4 0
3 years ago
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Mater
Fed [463]

Answer:

Explanation:

The preparation of the cost of goods manufactured is presented below:

Zoe Corporation

Statement of Cost of Goods Manufactured

For Month Ended March 31, 20XX

Work in process inventory March 1   $22,000

Direct materials :    

Materials inventory, March 1  $6,000  

Add: Purchases       $92,000  

Cost of materials for use $98,000  

Less - materials inventory, March 31 -$8,000  

cost of materials placed in production $90,000  

Add:

Direct labor  $25,000  

Factory overhead  $37.000  

Total manufacturing costs added  $152,000

Total manufacturing costs     $174,000

Less- work in process inventory, March 31  $23,500

Cost of goods manufactured   $150,500

7 0
3 years ago
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