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Elena L [17]
2 years ago
5

Muecke Inc. is working on its cash budget for April. The budgeted beginning cash balance is $40,000. Budgeted cash receipts tota

l $150,000 and budgeted cash disbursements total $158,000. The desired ending cash balance is $50,000. To attain its desired ending cash balance for April, the company needs to borrow: Group of answer choices $18,000 $0 $50,000 $82,000
Business
1 answer:
Zarrin [17]2 years ago
6 0

Answer:

See

Explanation:

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The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:
Stels [109]

Answer:

Cash account reconciliation

Balance: $27,060

- Bank charges: ($40)

+ Error in recording check: $360

Reconciled cash account: $27,380

Bank account reconciliation:

Balance: $28,460

+ Deposit in transit: $4,410

- Checks outstasnding: ($5,490)

Reconciled bank account: $27,380

5 0
3 years ago
Before work can begin on the project, the customer must Group of answer choices sign a contract with the contractor that include
Setler79 [48]

Answer:

sign a contract with the contractor that includes the project start date and payment plan.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, before work can begin on the project, the customer must sign a contract with the contractor that includes the project start date and payment plan.

7 0
2 years ago
Suppose First Main Street Bank, Second republic bank, and third fidelity bank all have zero excess reserves. The required ratio
enyata [817]

Answer:

The answers are attached in the following two images.  

Explanation:

Consider the data provided by you. The solution of the problems are attached below with the explanations necessary to resolve the problems. If you have any question please ask.

5 0
3 years ago
A 22-year, semiannual coupon bond sells for $1,066.57. The bond has a par value of $1,000 and a yield to maturity of 6.78 percen
Mariulka [41]

Answer:

The answer is 7.37%

Explanation:

Solution

Given that

Bond per value = future value =$1000

The current price =  $1,066.57

Time = 22 years * 2

=44 semi-annual periods

The year of maturity = 6.78%/2 = 3.39%

Thus

The coupon rate is computed by first calculating the amount of coupon payment.

So

By using a financial calculator, the coupon payment is calculated below:

FV= 1,000

PV= -1,066.57

n= 44

I/Y= 3.39

Now we press the PMT and CPT keys (function) to compute the payment (coupon)

What was obtained is 36.83 (value)

Thus

The annual coupon rate is: given as:

= $36.83*2/ $1,000

= $73.66/ $1,000

= 0.0737*1,00

=7.366% or 7.37%

Therefore  7.37% is the bond's coupon rate.

3 0
3 years ago
The three methods used to classify costs into their fixed and variable components includes.
luda_lava [24]

The methods used to classify costs into their fixed and variable components are:

  • scatter diagrams
  • high-low method
  • regression analysis

<h3>What is a costs classification?</h3>

This refers to the way by which economic cost are classified for proper purpose and identification.

Majority of fixed and variable cost are classified by using the scatter diagrams, high-low method and regression analysis.

Read more about costs

<em>brainly.com/question/26245657</em>

#SPJ1

4 0
2 years ago
Read 2 more answers
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