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
Jobisdone [24]
3 years ago
5

Holiday Tree Farm has a cash balance of $34 and a short-term loan balance of $180 at the beginning of Q1. The net cash inflow fo

r the first quarter is $36 and for the second quarter there is a net cash outflow of $48. All cash shortfalls are funded with short-term debt. The firm pays 2 percent of its prior quarter's ending loan balance as interest each quarter. The minimum cash balance is $20. What is the short-term loan balance at the end of Q2
Business
1 answer:
Simora [160]3 years ago
8 0

Answer:

$184.27

Explanation:

initial cash balance $34

initial short-term loan balance $180

net cash inflow Q1 = $36

repaid $50 to short term loan including interests ($3.60)

initial cash balance $20

short-term loan balance = $133.60

net cash outflow Q2 = $48

short term loan was taken to cover this deficit plus $2.67 in interests ($133.60 x 2%)

short term loan balance at the end of Q2 = $133.60 + $48 + $2.67 = $184.27

You might be interested in
The production team of Widget Corp., a furniture manufacturer, has determined the amount of wood, metal, fabric, labor hours, ca
Pavlova-9 [17]

Question Options:

A) economic order quantity

B) partial productivity

C) multifactor productivity

D) internal service quality

Answer: MULTIFACTOR PRODUCTIVITY.

Explanation: Multifactor productivity is also known as total factor productivity can be defined as the elements or influences that determines the output in production from the inputs. Like in this question, the company determined the inputs (wood, metal, fabric, labor hours, capital, and the electricity) required to produced an output (chair).

3 0
4 years ago
Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8
kobusy [5.1K]

Answer:

Interest Payable - 2021 = $6653.33  rounded off to  6653

Explanation:

The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.

Interest Payable - 2021 = 499000 * 8% * 2/12

Interest Payable - 2021 = $6653.33  rounded off to  6653

8 0
3 years ago
An employer provides each of its employees with life insurance protection equal to three times the employee's annual salary. Ann
tino4ka555 [31]

<u>Answer:</u>

On the off chance that you <em>kick the bucket</em> during the term, a passing advantage is paid out. On the off chance that you don't pass on during the term, the approach ends toward the finish of the term.

A noteworthy advantage of this sort of approach is that the excellent cash come back to you is <em>totally tax-exempt,</em> as it isn't viewed as salary yet just a discount of premiums.  

As you're looking into term <em>life coverage approach choices,</em> you may go over the expression yearly sustainable premium.

Be that as it may, for an every year <em>sustainable premium term approach</em>, the top notch will build every year. After some time it's conceivable to pay more in premiums than what might have been paid for a <em>level premium term approach.</em>

3 0
3 years ago
Adjustment for Prepaid Expense The supplies account had a beginning balance of $3,690 and was debited for $1,700 for supplies pu
zysi [14]

Answer:

Dr supplies expense   $4,100

Cr supplies                                       $4,100

Explanation:

Supplies used in the year needs to be ascertained before any adjusting entry can be posted.

Supplies used=beginning supplies+purchases-ending supplies

beginning supplies is $3,690

purchases of supplies was $1,700

ending balance of supplies was $1,290

supplies used=$3,690+$1,700-$1,290=$ 4,100.00  

The used portion of supplies would be debited to supplies expense while supplies inventory is credited with the same amount.

4 0
4 years ago
The depreciation deduction for year 11 of an asset with a 20-year useful life is $4,000. If the salvage value of the asset was e
PtichkaEL [24]

Answer:

The answer is $80,000

Explanation:

The formula for straight-line depreciation is:

[Cost of asset - salvage value(if any)] ÷ useful life of the asset

Depreciation = $4,000

Cost of asset= ? (represented by y)

Useful life of the asset = 20 years

$4,000 = y ÷ 20 years

y is $4,000 x 20 years

y = $80,000

Therefore, the initial cost of the asset was $80,000

7 0
3 years ago
Other questions:
  • A product's ________ identifies the product or brand, describes several things about the product, and promotes the brand.
    9·1 answer
  • If all monopolistically competitive firms had identical cost curves:_________.a. the industry would remain monopolistically comp
    9·1 answer
  • While goods are ________, services are ________. analytic; leveraged. produced; performed. analytic; produced. produced; leverag
    12·2 answers
  • A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employ
    6·1 answer
  • A company acquires a rather large investment in another corporation. What criteria determine whether the investor should apply t
    9·1 answer
  • If speech is merely for amusement, it is a(n) _____ form of speech.
    14·2 answers
  • The May transactions of Hanschu Corporation were as follows.
    11·1 answer
  • The problem with using ________ when trying to adjust for projects that are more risky or less risky than a firms average projec
    6·1 answer
  • Kiran owns a T-shirt shop in a beach community. For many years, he owned the only T-shirt shop in the area. Recently, several ot
    10·1 answer
  • According to ethical guidelines, at the end of a study participants must be fully informed as to the purpose of the study and gi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!