ABC Company has a starting cash balance of $60,000 at July 1. Budgeted Cash Receipts and Payments are as follows for the third quarter: Receipts Payments
July $20,000 $30,000
August $35,000 $30,000
September $50,000 $20,000

They always want to maintain a minimum cash balance of $40,000. To do this they can borrow money in even $1,000 increments. They anticipate paying 10% interest on any short term financing with the money assumed to be borrowed on the first day of the month they need it and paid back on the last day of the month, when they pay it back. If they borrow any money, they like to pay it back as soon as they possibly can, and still maintain a $40,000 minimum cash balance BUT they can't pay a loan back in increments, any principal and interest is to paid back in one lump sum.

Required:
What was the projected final ending cash balance as of Sept. 30th, after the impact of any borrowings, interest, and payback of loans if appropriate?

From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. true or false

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)