answer.
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
Andrei [34K]
1 year ago
6

Pixi Boutique will have cash receipts of​ $57,000 in December and cash disbursements of​ $51,000 for this month. If its beginnin

g cash is​ $12,000 and its desired reserve is​ $9,000, what will its excess be for​ December?
A. There is no excess but a shortfall.
B.​ $6,000
C.​ $9,000
D. ​$18,000
Business
1 answer:
34kurt1 year ago
6 0

Answer:

The excess cash balance is $9000 and option C is the correct answer.

Explanation:

The excess cash balance is the ending cash balance for the month less the desired reserve. If the desired reserve is more than the ending balance, there is a shortfall.

The ending cash balance for a month can be calculated as follows,

Ending cash balance = Opening cash balance + Receipts - Disbursements

Ending Cash balance = 12000 + 57000 - 51000 = $18000

The excess cash balance is = 18000 - 9000 = $9000

You might be interested in
By the end of year 8, Demarco and Tanya would have
wariber [46]

Answer:

143,152

Explanation:

6 0
2 years ago
Read 2 more answers
A highly task oriented group that is results driven with high morale is a characteristic of usmc
wariber [46]
The answer is true. The usmc is also known to be the United States of Marine Corps, they are trained to be responsible of United States Navy in terms of operations and that they are taught to be in high morale, in which is why they are considered to be a highly tasked oriented group.
8 0
2 years ago
Read 2 more answers
If the Land of Mercury had total exports of $150 billion and total imports of $234 billion, it had a A. comparative advantage B.
jek_recluse [69]

Answer: B : Trade deficit

If a land of Mercury had total exports of $150billion and total imports of $234billion, it had a "trade deficit".

Explanation:

Trade deficit can be termed an amount by which a country's costs of imports exceeds cost of exports. It is also known as negative balance of trade. Trade deficit is a term of trade that measures international trade.

Trade deficit is obtained by subtracting a country's export from its imports.

Mathematically :

Trade deficit = imports - exports

Trade deficit occurs when a country foreign debt is greater than what it produce for exports. Also when a country depends on another country for refinering their manufactured goods, such country will experience trade deficit.

It can be controlled by promoting constructions of refineries to process products, productions of raw materials for goods, improving exports and limiting imports.

3 0
2 years ago
Consumers spend _______ a year on credit card penalties and fees.
AlekseyPX
90 billion is the answer
4 0
2 years ago
Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the envir
Pavel [41]

Answer:

Household and government are related to each other in terms of economic unit. Household pay taxes to government and then government use that money for the people. Household earn the money by working in firms or by running their own business.

Environmental issues such as air pollution can affect the relationship between household and government. Popleuses their own transport to go to firms and the number of vehicles are increasing day by day which causes air pollution.

The government can form policies against personal transport and convince people to use public transport which will be beneficial for government as government will directly get money from household.

8 0
2 years ago
Other questions:
  • Herschel uses an app on his smartphone to keep track of his daily calories from meals. one day his calories from breakfast were
    11·2 answers
  • Keys industries has assets of $2,100, sales of $2,960, operating costs of $2,675, and $250 of total current liabilities consisti
    6·1 answer
  • If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, th
    15·1 answer
  • Zacariah's Nursery has 6,000 shares of stock outstanding at a market price of $20 a share. The earnings per share are $1.54. The
    6·1 answer
  • A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provid
    12·1 answer
  • Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:
    14·1 answer
  • Crigui Music produces 60,000 CDs on which to record music. The CDs have the following costs:
    13·1 answer
  • To sum up international trade theory, we can say that the primary reason for trade is
    8·1 answer
  • Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons
    12·1 answer
  • A major concern with Social Security is the possibility that funds will not be available when today’s tax-payers retire to becom
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!