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KengaRu [80]
3 years ago
9

A company has the following budgeted information: Cash receipts: $542,000; Beginning cash balance: $10,000; Cash payments (inclu

ding interest payments): $560,000; Outstanding loan balance: $100,000; Desired ending cash balance: $50,000. In order to maintain the desired cash balance, the company will need to:
Business
1 answer:
dimulka [17.4K]3 years ago
7 0

Answer:

In order to maintain the desired cash balance, the company will need to:

The company needs to take a loan of $58,000, because the cash balance is -$8,000, and the company wants to keep a ending cash balance of $50,000

Explanation:

$10,000   Beginning Cash Balance

$542,000  Cash Receipts

-$560,000  Cash Payments

-$8,000   Cash Balance

$58,000   Loan to keep the desired ending balance.

The Outstanding loan balance is not considered because it reflects the total Present Value of remaining loan installments.

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Prepare journal entries to record the following four separate issuances of stock.
Pavel [41]

Answer:

Item 1

Debit : Cash $144,000

Credit : Common Stock $120,000

Credit : Common Stock Paid in Excess of Par $24,000

Item 2

Debit : Cash $39,000

Credit : Common Stock $39,000

Item 3

Debit : Cash $39,000

Credit : Common Stock $39,000

Item 4

Debit : Cash $89,000

Credit : Preferred Stock $50,000

Credit : Preferred Stock paid in excess of par $39,000

Explanation:

Take a careful note on Par value Stocks and No Par Value Stocks. A reserve is created whenever Stocks are issued above their Par Value.

6 0
3 years ago
Suppose that on further analysis you decide that after year 5 McDonald’s earnings and dividends will grow by a constant 4% a yea
jonny [76]

Answer:

it affects it because year 0 is the present state more like present value of the stock in five years. especially in a method like intrinsic.

Explanation:

7 0
3 years ago
A credit to a liability account would happen upon the sale of a product because?
erastova [34]

A credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.

<h3>What do credit do to liabilities?</h3>

In accounting, a credit is always been positioned on the right side of an entry and it effect is that it increases liability, revenue or equity accounts and decreases asset or expense accounts.

Because the state sales tax is seen as expenses, then, a credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.

Read more about liability account

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6 0
2 years ago
Melanie is having a lot of financial problems. she is drowning in debt and needs help. she is looking for an organization to hel
hjlf

A sign of a reputable organization is They disclose your rights clearly and share with you free assistance that may be useful to you.

<h3>What are the five signs of a good organization?</h3>

Effective Sharing of Goals. A beneficial organization shares its business goals with employees at every level of the organization.

  • Great Partnership.
  • High Employee Morale.
  • Offers Internship Opportunities
  • Strong Leadership
  • Drives Poor Performance.

<h3>What makes a good organization?</h3>

Influential organizations create results, and to be fully effective, nonprofits must exhibit strengths in five core administrative areas—leadership, decision making and structure, people, work methods and systems, and culture. "Too many people are interested in every decision."

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8 0
2 years ago
HELP PLZZ ASAP WILL GIVE BRAIIEST
neonofarm [45]

Answer:

Well for one sanitizing everything like crazy.We wouldn't run out of toiletry so fast and we would not be wearing mask even when we are driving by alone.If scientist never looked more about vaccine then we wouldn't of known about the other types of corona.

I hope this helps!

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3 years ago
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