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Ket [755]
2 years ago
14

Becker Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $70,00

0. Budgeted cash disbursements are $254,000, while budgeted cash receipts are $252,000. Becker Company wants to have an ending cash balance of $100,000. How much would Becker Company need to borrow to achieve its desired ending cash balance
Business
1 answer:
OlgaM077 [116]2 years ago
6 0

Answer:

$32,000

Explanation:

Calculation to determine How much would Becker Company need to borrow to achieve its desired ending cash balance

Using this formula

Desired ending cash balance=[Ending cash balance-Budgeted beginning cash balance+

(Budgeted cash disbursements-budgeted cash receipts)]

Let plug in the formula

Desired ending cash balance=[$100,000-$70,000+($254,000-$252,000)]

Desired ending cash balance=$30,000+$2,000

Desired ending cash balance=$32,000

Therefore The amount that Becker Company need to borrow to achieve its desired ending cash balance is $32,000

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Answer:

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Explanation:

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3 years ago
For this assignment, choose from any two categories products that are at different product life cycle stages. Identify the produ
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Answer and Explanation:

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Suggestions;

The companies must increase the market penetration strategies by increasing the advertising strategies. They also conducted marketing survey before launching a new product.Attractive advertisements attract consumers. Innovations of new products with different flavors also increase the growth of the product. Above all, there should be make changes in the features of products with the changing environment of the economy.

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Answer:

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