subject
Business, 02.08.2019 19:10 Benjamincompton07

Crane company is preparing a cash summary budget using the data below. they have already prepared their cash receipts and cash payments budget so that data is provided: october november beginning cash balance $16000 expected cash receipts $63000 $95000 expected cash payments $45000 $76000 management always wants to maintain a $38862 minimum cash balance at the end of every month. if there is an expected cash shortfall in the budget they will be proactive and borrow money at the first day of the month. that way they will not risk having too low of a balance during the month. they can borrow any amount of money needed. they may not pay loans back in installments. they have to pay them back all at once. the interest rate is 12%. assume if they pay back money, they pay it back on the last day of the month. what is the ending cash balance for november after all loan repayments of principle and interest? round your answer to the nearest whole dollar.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:20
Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes
Answers: 2
question
Business, 22.06.2019 18:00
When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?
Answers: 1
question
Business, 22.06.2019 19:30
Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?
Answers: 3
question
Business, 22.06.2019 20:40
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.
Answers: 3
You know the right answer?
Crane company is preparing a cash summary budget using the data below. they have already prepared th...
Questions
question
Mathematics, 26.01.2021 21:20
question
Mathematics, 26.01.2021 21:20
question
Social Studies, 26.01.2021 21:20
question
English, 26.01.2021 21:20
question
Mathematics, 26.01.2021 21:20
Questions on the website: 13722360