Hey there,
Your question states: <span>Which of the following best explains why zoos are not affected by the threat of new entrants?
Based on the option's above, I feel like the answer would be (</span><span>Starting a zoo has a high entry cost.) Because by doing this, this could make to (zoo) in better quality. So when things go down like (a cage) for example, they could easily pay it back with all the extra money they have.
Hope this helps.
~Jurgen</span>
Answer:
Deitz Corporation
Cash Budget
For the Quarter ended March 31, 2020:
Beginning balance $33,300
Cash Collections From Customers 205,350
Sale of Equipment 3,330
Total available cash $241,980
Cash Payments:
Direct materials $47,730
Direct labor 77,700
Manufacturing overhead 38,850
Selling & Administrative 49,950
Purchase of Securities 15,540 $(229,770)
Ending Balance $12,210
Minimum Balance 27,750
Shortfall $15,540
Explanation:
Deitz Corporation uses this Cash Budget which it has prepared to understand its financial needs for the next quarter. For example, with the minimum balance of $27,750 most likely based on past experience the corporation will start making arrangements for some outside funds to the tune of $15,540 or more to meet its cash needs for the first quarter.
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