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
likoan [24]
4 years ago
5

Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $26,000. Budgeted cash receipts tota

l $105,000 and budgeted cash disbursements total $94,000. The desired ending cash balance is $70,000. The company can borrow up to $80,000 at any time from a local bank, with interest not due until the following month.
Required:

Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Beginning cash balance
Add cash receipts
Total cash available
Less cash disbursements
Excess (deficiency) of cash available over disbursements
Borrowings
Ending cash balance
Business
2 answers:
aliya0001 [1]4 years ago
5 0

Answer:

Calculations below

Explanation:

beginning cash balance $    26,000

Add; Cash receipts         $ 105,000

Total cash available         $ 131,000

Less: Cash disbursments $ (94,000)

Excess (Deficieny) of cash available over disbursments $    37,000

Borrowings ($70,000-$37,000) $    33,000

Ending cash balance $    70,000

AfilCa [17]4 years ago
3 0

Answer:

According with the figures, Zolezzi Inc. will require to borrow $33.000 in March to address the desired closing balance.

Explanation:

Beginning cash balance: 26.000 (March, 1st)

Add cash receipts: 105.000

Total cash available: 131.000

Less cash disbursements: 94.000

Excess (deficiency) of cash available over disbursements: 37.000  

Excess (deficiency) of desired cash balance to the end of March: (33.000)  

Borrowings: 33.000  

Desird ending cash balance: 70.000

You might be interested in
When a bank accepts a checkable deposit from a customer, its deposits will increase and its excess reserves will:________
worty [1.4K]

Answer:

B). increase by the same amount of deposits

4 0
3 years ago
A. Money taken from your gross pay that you have no control over
zloy xaker [14]
1. Gross income - h. Total income before any deductions are taken

2. Net income - f. Take–home pay

3. Voluntary salary deduction - j. Money you have given

4. Involuntary salary deduction - a. Money taken from your gross pay that you have no control over

5. Fixed expenses - e. Expenditures that are constant from one time period to another

6. Discretionary spending  - b. Expenditures that are under your control

7. Fixed income - i. Income that does not vary from one time period to another

8. Principal - d. The initial amount of money that was invested or borrowed

9. Salaried employee - g. Someone who receives a regular salary for employment

10. Insolvent - c. Unable to discharge liabilities or repay debts
4 0
3 years ago
A company has a processing department with 10 stations. Because of the nature and use of three of these stations, each is consid
julsineya [31]

Answer:

CC100  has $31.25 per hour

CC11O has $250 per hour

CC120 has $62.5 per hour

CC190 has $62.5 per hour

Explanation:

The IDC rate for each department would be the department IDC allocated divided by operating hours as shown below:

CC100

IDC rate=$25,000/800=$31.25 per hour

CC110

IDC rate=$50,000/200=$250 per hour

CC120

IDC rate=$75,000/1200=$62.5 per hour

CC190

IDC rate=$100,000/1600=$62.5 per hour

Judging from the IDC rates of the departments,department CCC110 seems to have the highest IDC rate per hour,which implies that each hour is charged with $250 against the CC100 where each operating hours is just $31.25.

The higher the IDC rate in a department the higher the cost of the output of that department since the cost has to be recovered from output.

7 0
3 years ago
Please list the reasons you would like to work for us and what skills you believe would allow you to excel at Regal Entertainmen
nignag [31]
I think for this question, you have, to be honest about what you can do and how you want to achieve them. This question can not be answered in general, but it should be replied to according to what you can and can not do. It is important that when you are doing the interview, you are confident and sincere towards your goal.
3 0
3 years ago
What perspective on class does the best job of explaining income inequality and conflict between people in different classes?.
Dahasolnce [82]

Answer:

One is that inequality increases the sense of entitlement in higher‐class people, because they engage more often in downward social comparisons. Another is that higher‐class people may be more concerned about losing their privileged position in society if they perceive a large gap between the rich and the poor

3 0
2 years ago
Other questions:
  • Eastern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2018.
    8·1 answer
  • Which of the following is a type of intellectual property?
    9·1 answer
  • Janet reasons, "It is wrong to lie. However, it is okay to overstate my expense account on my recent business trip because I nee
    5·1 answer
  • When the marketing concept is used to make all business decisions, how many
    9·1 answer
  • Many individuals (third parties) in a society encounter ___________ externalities from a student’s college education that is str
    9·1 answer
  • In measuring an impairment loss for a financial asset under U.S. GAAP and under IFRS, the carrying value of the financial asset
    10·1 answer
  • The credit terms offered by Neutron Enterprise are 2/10, n/30. Neutron sold goods on account to James Company on Jun 14 for $300
    14·1 answer
  • The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information:
    12·1 answer
  • The fact that most medical care purchases are financed through insurance Group of answer choices has no effect on health care co
    10·1 answer
  • By automating its shop floor, your company expects to save $54,000 annually. If the automation costs $450,000, what is the payba
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!