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2 years ago

7

In April, a firm had an ending cash balance of $35,000. In May, the firm had total cash receipts of $40,000 and total cash disbu

rsements of $50,000. The minimum cash balance required by the firm is $25,000. At the end of May, the firm had

1 answer:

Simora [160]2 years ago

4 0

Answer:

60,000

Explanation:

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26. As mentioned in the text, managers in companies, with no foreign operations of any kind still need a global perspective, for

Alex17521 [72]

Answer:

Enable them to be productive as well as effective leaders across different political and cultures systems.

Explanation:

Global perspective is something which someone could think regarding a situation as it related to the rest of the world or economy. It is that the person or an individual have a thinking or a perspective which relates to the world.

So, the managers with no operations of foreign of any type, still require a global perspective except which enable them to be productive leaders across the different cultures as well as political systems.

NOTE: Text is missing, but I am providing the direct answer.

6 0

3 years ago

Paradise Travels is an all-equity firm that has 6,000 shares of stock outstanding at a market price of $34 a share. The firm's m

xenn [34]

Answer:

$2.38

Explanation:

Number of shares purchased

= $40,000 / $34

= $1,176

EBIT / 6,000 = [EBIT - ($40,000 * 0.07)] / (6,000 - 1176)

EBIT / 6,000 = (EBIT - $2,800) / 4,824

4,824 EBIT = 6000 EBIT - $16,800,000

1,176 EBIT = $16,800,000

EBIT = $14,285.71

Earning per Shares at Break-even level of earning

= [EBIT - ($40,000 * 0.07)] / (6,000 - 1,176)

= ($14,285.71 - $2,800) / 4,824

= $11,485.71 / 4,824

= $2.38

3 0

3 years ago

a shoe store sells 40 pairs of shoes in one week. With an additional salesperson, the store can sell 44 pairs of shoes. The addi

WARRIOR [948]

Explanation:

I do not think that is true even considering a linear cost of every 4 pairs of shoes

5 0

3 years ago

Read 2 more answers

A Company had beginning retained earnings of $190,000, net income of $52,000, and

olga_2 [115]

Answer:

$190,000

Explanation:

Retained earnings are the profits not distributed to shareholders as dividends. In a given period, retained earnings will be the difference between profits and dividends.

I.e., retained earning = profits - dividends.

Therefore, Ending retained earning can be calculated as

Beginning retained earning + profits - dividends.

In this case

retained earnings = $190,000 + $52,000 - $52,000

=$242,000 - $52,000

=$190,000

3 0

3 years ago

Rooney, Inc. is considering the purchase of a new machine costing $700,000. The machine's useful life is expected to be 8 years

Fiesta28 [93]

Answer:

NPV = $74,951.80

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $700,000

Cash flow each year from 1 year 8 = $156,000

I = 12%

NPV = $74,951.80

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0

3 years ago