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
Ket [755]
3 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]3 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

You might be interested in
What is the most likely illegal scheme to evade estate taxes?
nata0808 [166]
I belive this is Undervaluing asserts.
hope this helps!
5 0
3 years ago
In 2019, George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents. Ass
Tresset [83]

Answer:

The answer is option (b)$4,000

Explanation:

Solution

Given that:

Now

The income of George and Martha is =$119.650

For year 2019 child tax credit is $2,000 per dependent child subject to a minimum income of $2,500.

The Income limit for Married Jointly Filed is= $400,000.

Thus

They are eligible for $2,000 tax credit per child.

So,

Tax Credit = $2,000 * 2

= $4,000

Note: The AGI limit phaseout begins at $400000 for joint tax filers

8 0
3 years ago
All competitive advantages have:________1. a limited life. 2. unrestricted sustainability. 3. protections against imitability. 4
dimulka [17.4K]

Answer:

The answer is the ability to earn above average returns indefinitely

Explanation:

To earn above the average returns are form of returns in excess of what an investor expects to earn from other investments with similar amount of risk. This gives an ability to manufactures to produce at the lowest cost, which is an advantage to organizations.

7 0
3 years ago
Read 2 more answers
The Guitar Shoppe reports the following sales forecast: August, $150,000; September, $170,000. Cash sales are normally 30% of to
nadezda [96]

Answer:

<u>Thus Calculation of September Cash Receipts is as follows:</u>

September Sales ( $170,000 × 30%)  = $51,000

August Sales ( $150,000 × 55%)        =  $82,500

Total                                                     =  $133,500

Explanation:

September cash receipts will include the following :

  1. 30% of September Sales
  2. 55% of August Sales

<u>Thus Calculation of September Cash Receipts is as follows:</u>

September Sales ( $170,000 × 30%)  = $51,000

August Sales ( $150,000 × 55%)        =  $82,500

Total                                                     =  $133,500

5 0
3 years ago
All are examples of independent regulatory agencies except:
11111nata11111 [884]
The Department of Justice is not an example of an independent regulatory agency.
5 0
3 years ago
Other questions:
  • Producers use marketing intermediaries because they ________.
    5·1 answer
  • The trend in the poverty rate since the mid 1960's___________.
    9·1 answer
  • Assume that on September 30​, 2017​, Flyair​, an international airline based in​ Germany, purchased a Jumbo aircraft at a cost o
    7·1 answer
  • A $1,000 six-year bond has an 8 percent coupon, is selling at par, and contracts to make annual payments of interest. The durati
    10·1 answer
  • Which resource management activity identifies and verifies that personnel are qualified for a particular position? A. Qualifying
    12·1 answer
  • When does a product’s life cycle begin? A. once the product begins to lose customers B. once the product is successful in the ma
    11·1 answer
  • In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalen
    8·1 answer
  • Fabian was planning to start his own publishing business. He met a few people who had set up their own publishing agencies and m
    11·2 answers
  • Two Scoops uses the information to track cash, sales revenue, and expenses daily. How does this type of accounting system facili
    6·1 answer
  • If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!