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Dominik [7]
3 years ago
14

Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $40,000

. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $123,000. Roman Company wants to have an ending cash balance of $45,000. How much would Roman Company need to borrow to achieve its desired ending cash balance?
Business
1 answer:
Setler79 [48]3 years ago
5 0

Answer:

$27,000

Explanation:

Budgeting is the process by which a business projects it's expenditures and revenues within a given period and plans to obtain funds to run the business on the basis of these projections.

In the given scenario Roman company have projected the cash reciepts and cash disbursement within the period.

They now need a particular loan amount to gain cash level of $45,000 at the end of the period.

Final cash balance = Opening balance + Cash receipts - Cash disbursement + Loan

$45,000 = $40,000 + $101,000 - $123,000 + Loan

45,000 = 18,000 + Loan

Loan = 45,000 - 18,000

Loan = $27,000

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A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.
Elenna [48]

Answer: is increased by credits

Explanation:

Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.

5 0
3 years ago
Do all buyers benefit from a binding price ceiling?
Anon25 [30]

Answer:

Option B.

No, a binding price ceiling benefits only some buyers because not all are able to obtain the goods in the legal market.

Explanation:

A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above the price, that price binds the market for that good. Because the government keeps the price artificially low, businesses will not produce enough of those goods to satisfy the market.

This results in an insufficient supply of those goods, creating a shortage in those goods, and with a shortage of goods, only some of the buyers will be able to obtain the goods in the legal market.

Therefore, the option that best suits the question is option, B. Not all buyers benefit from a binding price ceiling. A BINDING PRICE CEILING BENEFITS ONLY SOME BUYERS BECAUSE NOT ALL ARE ABLE TO OBTAIN THE GOOD IN THE LEGAL MARKET.

8 0
3 years ago
A period shall not be extended by an untimed down if, during a down in which time expires, a foul occurs for which enforcement,
Lostsunrise [7]

If you are asking, if this is a true or false statement then the answer will be true. The period will never be extended by an untimed down if, in which time expires during a down, a foul may occur enforcement by rule and it will results in safety.

8 0
3 years ago
Baldwin has negotiated a new labor contract for the next round that will affect the cost for their product Buzz. Labor costs wil
harina [27]

Answer:

433 units

Explanation:

Information related to production costs are missing, so I looked for it. I found the following:

current sales price = $17

current fixed costs = $7,242

new labor costs per unit = $2.60, which results in a $0.50 increase

new direct materials cost per unit = $5.82, which results in a $1 decrease

total variable costs per unit = $8.42

Baldwin plans to pass 50% of the changes in costs to its customers:

  • Increase $0.25 due to higher labor costs
  • decrease $0.50 due to lower materials costs
  • net change = -$0.25

new sales price = $17 - $0.25 = $16.75

contribution margin per unit = $16.75 - $8.42 = $8.33

break even point in units = total fixed costs / contribution margin per unit = $7,242 / $16.75 = 432.36 = 433 units

3 0
4 years ago
Why is it important now for HR management to transform from being primarily administrative and operational to becoming more of a
Studentka2010 [4]

Explanation:

Human resource management is increasingly relevant for a company to be successful, competitive and well positioned in the market. It is correct to affirm that it is important that HR ceases to be basically administrative and operational to become a general strategic contributor in a company due to the fact that management is going through a phase in which organizations have well-defined social and environmental responsibilities most demanded in a competitive and globalized world.

Therefore, the valorization of human capital in an organization is increasingly essential and strategic, because through professionals satisfied with their working conditions, well trained and motivated, the objectives are achieved more effectively, there is a greater attraction of quality professionals, greater innovation, greater productivity, continuous improvement of processes and the creation and maintenance of an organizational culture focused on ethical and collaborative practices in order to achieve organizational objectives.

6 0
3 years ago
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