The following informationis drawn from Royal Industries cash budget

Cash Receipts 40,000

Beg, Cash Bal. 10,000

Cash payment 48,000

Desired ending cash cushion 5,000

If there is a cash shortage, the company borrows money. if a surplus occurs funds are used to repay loans or ot invest in short-term assests. The company had no debt before January 1st. The amounted "needed" to borrow or the amount "available" for repayment of debt in Januar would be

a. 2000 available

b. 3,000 needed

c. 7000 available

d 13,000 needed

b. $3,000 needed

Explanation:

Given that

Beginning cash balance = $10,000

Cash receipts = $40,000

Cash Payment = $48,000

Desired ending cash = $5,000

The computation of amount that need to borrow:-

Cash balance = Beginning cash balance + Cash receipts - Cash Payment

= $10,000 + $40,000 - $48,000

= $50,000 - 48,000

= $2,000

Cash borrowed = Desired ending cash - Cash balance

= $5,000 - $2,000

= $3,000

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

the answer is a.

by: nicholas dooley