subject
Business, 11.11.2019 23:31 Madisonk3571

Transcript company is preparing a cash budget for february. the company has $150,000 cash at the beginning of february and anticipates having total sales of $800,000, consisting of 25 % cash sales and 75 % credit card sales. the bank charges 3 percent for credit card deposits. the firm sets its selling price at 160 percent of the cost of purchases and pays the cost of each month's sales at the end of the month. other cash disbursements are $20,000 per month amd 4 percent of the total sales. in addition, a $600,000 note will be due in february for equipment purchased last august. transcript company has an agreement with its bank to maintain a cash balance of $100,000. what amount, if any, must the company borrow during february?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 17:50, ineedhelp2285
When selecting stock, some financial experts recommend to look at the opening price go with what you know examine the day’s range, earnings per share, and p/e ratio divide the dividend by the asking price
Answers: 2
image
Business, 22.06.2019 03:00, bettybales1986
If you were running a company, what are at least two things you could do to improve its productivity.
Answers: 1
image
Business, 22.06.2019 08:00, leannaadrian
Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct
Answers: 1
image
Business, 22.06.2019 10:30, cocoapop
You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability
Answers: 2
You know the right answer?
Transcript company is preparing a cash budget for february. the company has $150,000 cash at the beg...

Questions in other subjects:

Konu
Mathematics, 03.06.2020 19:08
Konu
Mathematics, 03.06.2020 19:08
Konu
Biology, 03.06.2020 19:08