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inysia [295]
3 years ago
15

Western Company is preparing a cash budget for June. The company has $11,200 in cash at the beginning of June and anticipates $3

0,800 in cash receipts and $36,100 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must:
Business
1 answer:
Kazeer [188]3 years ago
7 0

Answer:

during June balance  we need pay or borrow $4100

Explanation:

given data

cash = $11200

cash receipts = $30800

cash payments  = $36100

minimum cash balance = $10000

required balance =  $10000

to find out

during June balance

solution

so we find balance here as

balance = cash in beginning + cash receipts - cash payments

put here all value

balance = 11200 + 30800 - 36100

balance = $5900

so here we know minimum cash balance require = $10000

so here

required balance = $10000 - $5900

required balance = $4100

so during June balance  we need pay or borrow $4100

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Mistor Co. amended its pension plan on January 2 of the current year. It also granted $600,000 of unrecognized prior service cos
vesna_86 [32]

Answer: $105,000

Explanation:

Given, unrecognized prior service costs granted = $600,000

service years in future = 2,000

service years this year = 350

Mistor's unrecognized prior service cost amortization for the year = (unrecognized prior service costs granted) ÷ (service years in future) ×(service years this year )

= $(600000÷2000×350)

= $105,000

Hence, Mistor's unrecognized prior service cost amortization for the year = $105,000

6 0
3 years ago
You engage in hallway conversations, emails, and phone calls with your team members. what is this considered?
abruzzese [7]

Hallway conversations, emails, and phone calls with your team members is an Informal Communication.

<h3>What are Informal Communications?</h3>

Informal communication is the casual exchange of information among coworkers. It is informal in character and is built on the social connections made at work outside of the traditional hierarchical organizational framework.

There are two types of internal communication: formal and informal. Official channels outlined in the organizational chart are used for formal communication. While informal communication moves more quickly and freely throughout the organization, discussing a wide variety of issues. Oral or written communications are both acceptable.

Hence,  Hallway conversations, emails, and phone calls with your team members is an Informal Communication.

To learn more about Informal Communication refer to:

brainly.com/question/24232108

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6 0
2 years ago
How are fixed costs different from variable costs?
Alekssandra [29.7K]

Answer:

How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.

Explanation:

when a company decides to produce a  certain commodity fixed cost and variable costs are the main costs of  the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and  rental payment while Variable cost changes or varies  or with the amount of goods and services  produced by a company.e.g money paid for labour.

6 0
3 years ago
Read 2 more answers
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
SashulF [63]

Answer:

$4,083

Explanation:

Preparation of the Adjusted Cash Balance per Books on May 31

Adjusted Cash Balance per Books on May 31

Cash Balance per Books on May 31 $3,457

Add Notes Receivable and Interest Collected by Bank $853

Less Bank Charge for Check Printing ($47)

Less NSF Check ($180)

Adjusted Cash Balance per Books on May 31 $4,083

Therefore the Adjusted Cash Balance per Books on May 31 will be $4,083

6 0
3 years ago
What information in a drawings title block identifies the project?
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Answer:

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