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Sedaia [141]
2 years ago
14

Bustillo Inc. is working on its cash budget for March. The budgeted. 3 Bustillo Inc. ts working on ts cash budget for March. The

budgeted beginning cash balance is $40,000. Budgeted cash receipts total $121,000 and budgeted cash disbursements total $115,000. The desired ending cash balance Is $61,500 To attain its desired ending cash balance for March, the company needs to borrow.
a. $107,500
b. $15,500
c. $0
Business
1 answer:
Grace [21]2 years ago
4 0

Answer:

The firm needs to borrow $15500 to attain the desired ending balance for cash. So, option b is the correct answer.

Explanation:

The desired cash balance is the cash balance at the end of the period that is required by a firm. The amount in excess or deficit of the desired balance can be calculated by calculating the end cash balance and subtracting the desired cash balance from it.

The ending cash balance for the period can be calculated as follows,

Ending cash balance = Opening balance + Receipts - Disbursements

Ending cash balance = 40000 + 121000 - 115000 = $46000

The excess/deficit is = 46000 - 61500 = -$15500 or deficit of $15500

Thus, the firm needs to borrow $15500 to attain the desired ending balance for cash.

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Becky only eats out at Macaroni Grill and eats out three times per month. She receives a raise from $33,200 to $33,500 and decid
iragen [17]

Answer:

55.58

Explanation:

Data provided in the question;

Initial demand per month, Q₁ = 3

Final demand per month, Q₂ = 5

Initial price, P₁ = $33,200

Final price, P₂ = $33,500

Now,

elasticity of demand using midpoint method is calculated as :

= \frac{\textup{percent change in demand}}{\textup{percent change in supply}}

or

= \frac{\frac{Q_2-Q_1}{\frac{Q_1+Q_2}{2}}}{\frac{P_2-P_1}{\frac{P_1+P_2}{2}}}

on substituting the respective values, we get

= \frac{\frac{5-3}{\frac{5+3}{2}}}{\frac{33,500-33,200}{\frac{33,200+33,500}{2}}}

or

= \frac{\frac{2}{4}}{\frac{300}{\frac{66,700}{2}}}

or

= \frac{0.5}{\frac{300}{33,350}}

= 55.58

3 0
2 years ago
You own 180 shares of stock in Halestorm, Inc., that currently sells for $82.45 per share. The company has announced a dividend
bearhunter [10]

Answer:

New stock value = $79.40

Total stock value = $14,292

Explanation:

GIVEN the following ;

Number of shares of stock = 180

Current price = $82.45 per share

Dividend = $3.05 per share.

Ex dividend date = February 4

Value of stock on February 4 =?

The Ex dividend date may be regarded as the day whereby payment of dividend and reinvestment is held.

Assuming no taxes, The value of the stock will drop by the same amount of the current dividend on February 4.

Therefore,

New stock value = current stock price - dividend per share

New stock price = $82.45 - $3.05 = $79.40

New stock value = $79.40 per share.

Total stock value :

$79.40 × 180 = $14,292

3 0
2 years ago
Describe the tree resin found only in the Dominican Republic that is traditionally made into jewelry. Describe the natural gemst
dlinn [17]

Answer:

larimar

music

Barack Obama

Explanation:

In the Dominican republic, Larimar is the most famous gemstone. This stone is found in the sea shores of the area. The stone has varying colors. At most instances, the stone has colors that vary from white to light blue, green deep blue, and deep blue.

The most famous culture in Cuba is music. The music is a fusion of the Latino and Hispanic music.

In 2016, president Obama made is visit to Cuba.

3 0
2 years ago
Purple Corporation has accumulated E & P of $100,000 on January 1, 2019. In 2019, Purple has current E & P of $130,000 (
Lostsunrise [7]

Answer:

The E & P ($20,000)

Explanation:

E & P January 2019     $100,000

For the year E & P       $130,000

Closing E & P December 31,2019   $230,000

Less: Dividends paid                       ($250,000)

Net Deficit in earnings                    ($20,000)

Although dividends are always paid to the extent of retained earnings but in this question, dividends have exceeded earnings which is only and only assumption not a practical world question.

8 0
2 years ago
Read 2 more answers
Andrew is injured in an accident caused primarily by the negligence of Bob. Andrew suffers $100,000 worth of harm. Bob is 70% to
Rudik [331]

Answer:

$70,000

Explanation:

From the question, it is seen that Bob is the reason for this accident so he is the to bear a cost of treating Andrew based on comparative fault.

He contributed greatly to the accident therefore he is liable to a 70% payment of the $100000 cost of treatment.

100000 *70%

= $70000

Therefore by this law Andre will recover $70000 from him.

6 0
2 years ago
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