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
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

You might be interested in
A(n) _____ is based on authority stemming from hierarchical rank and is responsible for the overall performance of the business
Jet001 [13]

Management is based on authority stemming from the hierarchical rank and is responsible for the overall performance of the business unit. Planning, organizing, leading, and regulating the resources of the company are all parts of management, which entails integrating the work of individuals.

<h3>What is a leader in management?</h3>

The goal of a leader is to enable their team to develop their own leadership skills. They cultivate a group of creative and highly motivated leaders dedicated to realizing a common goal. Employers need to be managed by leaders who keep them on task and provide them structure at work.

Management is the process of accomplishing organizational objectives by effective and efficient planning, organizing, directing, and control of the organization's people, physical, financial, and informational resources. Planning, organizing, staffing, leading, and managing are the five general responsibilities that makeup management at its most basic level. These five responsibilities are a part of a corpus of guidelines and management-related beliefs.

Learn more about Management here:

brainly.com/question/14523862

#SPJ4

4 0
1 year ago
Problem 2 (9 points) The following information was taken from the income statement and balance sheet of The Perryman Company for
Len [333]

Answer and Explanation:

The computation is shown below;

The net profit margin is

= Net income ÷ sales revenue

= $184,000 ÷ $574,000

= 32%

The asset turnover is

= Sales revenue ÷ average of assets

= $574,000 ÷ ($2,142,000 + $1,998,000)  ÷ 2

= $574,000 ÷ $2,070,000

= 0.28 times

c. The return on assets is

= Net income ÷ average of assets

= $184,000 ÷ $2,070,000

= 0.089

= 8.89%

3 0
3 years ago
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the own
leva [86]

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

4 0
2 years ago
Why is it important to understand business and economics?
artcher [175]
Because in the future you will need to learn that especially if you want to have your own business
7 0
2 years ago
7. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual paymen
Maurinko [17]

Answer:

A = $698,494.97 is the right answer.

And Assuming that interest rates remain constant, the T-note’s price is expected to Increase.

Explanation:

A. $698,494.97

B. $593,720.72

C. $838,193.96

D. $440,051.83

Solution:

First we need to see which among the four options is the correct value.

For that we need to find the rate:

Rate = Yield to Maturity/2

Yield to Maturity = 11%

So,

Rate = 11/2

Rate = 5.5%

Now, we need to find the Nper ( Number of periods for the loan)

Nper = 5 x 2 = 10 years.

Nper = 10 years

Now, we need to find PMT which is a financial function used to calculate the amount to be paid for the loan based on constant payments and interest.

PMT = (3%/2) x par value

PMT = (3%/2)x 1,000,000

PMT = 15000

Now, For future value, we have par value.

So,

Par Value = Future Value = FV = 1,000,000

Now, we have to find the PV = Present Value or the price of the bond.

For this we need to use PV function on excel.

Formula:

Price = - PV(Rate, Nper, PMT, FV)

Plugging the values in Excel like this and we get:

Price = -PV (5.5%,10,15000,1000000)

Price = $698,494.97

Hence, A = $698,494.97 is the right answer.

And Assuming that interest rates remain constant, the T-note’s price is expected to Increase.

4 0
2 years ago
Other questions:
  • A machine cost $1,238,000 on April 1, 2020. Its estimated salvage value is $139,200 and its expected life is 4 years. Calculate
    14·1 answer
  • Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.
    13·1 answer
  • A student makes the following​ argument: ​"A price floor reduces the amount of a product that consumers buy because it keeps the
    6·1 answer
  • What is marketing and what it its purpose? Why are some businesses giving out free samples to their customers? Does your favorit
    5·1 answer
  • Calculate China’s RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), an
    11·1 answer
  • Which of the following should be filed directly after Nigel?Exit Test A Nathaniel B Nickel C Nuttall D Nicolas
    5·1 answer
  • On 1/1//2015, XYZ leases a machine from Super LeaseCo for four years. At the end of the lease term, title passes to XYZ. Payment
    7·1 answer
  • Vicarious liability is direct liability. <br> a. True <br> b. False
    10·1 answer
  • When the money supply decreases a.interest rates fall and so aggregate demand shifts right. b.interest rates rise and so aggrega
    11·1 answer
  • Suppose maria and nikki can produce ballet shoes. if maria's opportunity cost of producing ballet shoes is higher than nikki's o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!