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GuDViN [60]
2 years ago
10

A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B

udget Amounts Cash$146,000 Accounts Receivable 196,000 Sales $880,000 Cash disbursements 940,000 Depreciation 33,000 Ending accounts receivable balance 226,000 What is the expected cash balance of the company at the end of the coming month
Business
1 answer:
iVinArrow [24]2 years ago
6 0

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

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When Nina tells her manager that she doesn't feel she needs to attend various training sessions at company expense or utilize su
Virty [35]

Answer:

The right answer is, False.

Explanation:

Nowadays companies seek to improve the attitudes, knowledge and skills of their employees, through training activities so that everyone works synergistically in achieving the objectives of organizations.

3 0
1 year ago
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

Explanation:

Loanable funds refer to the aggregate amount of money that all sectors, entities and individuals within an economy have decided to keep as an investment, instead of spending on personal consumption, by saving and giving them out as loans to borrowers.  

The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

5 0
2 years ago
The method of dividing the project scope into many parts that, when combined, would constitute the project deliverable is called
Contact [7]

Answer: b. decomposition

Explanation:

Decomposition is a project management technique that takes the entire project scope and all project deliverables and breaks them down into smaller components which makes it easy to manage.

However, decomposition may lead to more work without much value for the time spent and inefficient use of resources which will eventually lead to decreased work efficiency.

It involves:

1. Gathering of information on project deliverables to evaluate any related risks

2. Start the breakdown process at the highest level.

3. Decompose the higher levels into lower level detailed components.

4. Verify the degree of decomposition of the work if it is necessary and sufficient.

5 0
2 years ago
​Joy's Accessories bought 69 necklaces for $ 11 each on account. The payment terms of 3​/10, ​n/30. In​ addition, 9 necklaces we
madreJ [45]

Answer:

To record the initial purchase, the entries required in Joy's Accessories are:

Debit Purchases Account with 69x$11 - $759

Credit Supplier's Account (Accounts Payable) - $759

Explanation:

The initial purchase is recorded as it was made without taking into account activities that happened after.

Once value had been received, it is recognized immediately.  When 9 necklaces are returned before payment, then the entries above would be reduced by 9 x $11 or $99 through Purchases Return Account.

If payment is made within 10 days, Joy's Accessories will be able to take advantage of the 3% cash discount offered by the supplier and then pays the net value.  And subsequently, this will be recognized in the books.

7 0
2 years ago
Jasmine's company, marbletech, inc., recently won a major government contract scheduled to last six years. jasmine has been give
dexar [7]
<span>Jasmine's efforts will require her to perform functions involved in human resources management. Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. The responsibilities of a human resource manager fall into three major areas: staffing, employee compensation and benefits, and defining/designing work.</span>
6 0
2 years ago
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