<span>A "cash budget" is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
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A cash budget refers to a financial plan of expected money receipts and distributions during the period. These money inflows and surges incorporate incomes gathered, costs paid, and credits receipts and installments. At the end of the day, a money spending plan is an expected projection of the organization's trade position out what's to come.
Answer:
$110,000 on maturity
Interest of $6,050 semiannually
Explanation:
Jordan will pay $110,000 at maturity date with 20 payments of $6050 as interest
11% bonds at par value = $110,000
Interest paid = Semiannually
Market rate = 10%
At maturity, the par value will be paid as the par value of Jordan issued bonds is 110,000, therefore, Jordan will pay 110,000 on the maturity date.
As the bonds are issued for 10 years with semiannual payments that will be like 20 payments of $6,050 (110,000 x 10% x 6/12)
Answer:
Companies that get feedback, but whose heart is not in it. Customer survey. A systematic way of asking customers what they think. Blanket tone. Used when ...
Explanation:
Answer:
A. Date Account Title Debit Credit
Insurance expense $30,700
($3000+$32500-$4800)
Prepaid insurance $30,700
B. Date Account Title Debit Credit
Insurance expense $30,700
Prepaid insurance $30,700
