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Effectus [21]
3 years ago
11

Aaron Lynch Company has the following balances in selected accounts on December 31, 2020.

Business
1 answer:
Lubov Fominskaja [6]3 years ago
4 0
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Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
sweet-ann [11.9K]

Answer:

D. $53,000.

Explanation:

The computation of the ending cash balance is shown below:

Beginning cash balance $95,000

Add: Receipts  

Cash sales  $418,000

Total cash receipts (a) $513,000

Deduct: Payments:  

Cash payment for purchases -$273,000

 Cash payment for salaries -$96,000

Other cash expenses -$58,000

Repayment of bank loan -$33,000

Total cash payments (b) $460,000

Net receipts /( payments) (a) - (b) $53,000

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2 years ago
matt, a shareholder, can run for director by simply placing his name on the company's proxy statement. True or False?​
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False

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3 years ago
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Answer:

<em>Provide clear statements</em>

<em>The government can pay for projects to create work</em>

Explanation:

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Answer and explanation attached

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Why is communication believed to be the foundation of covenantal relationships?
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