Compute the amount of funds bragg needs to borrow for june

Reference no: EM132132578

Question - Lois Braggs owns a small restaurant in Boston. Ms. Bragg provided her accountant with the following summary information regarding expectations for the month of June. The balance in the cash account as of May 31 is $50,000. Budgeted sales for June are $310,000. Ms. Braggs is required to pay her suppliers on the last day of each month; cash payments for June are expected to be $350,000. Ms. Braggs has a line of credit that enables the restaurant to borrow funds on demand; however they may only be borrowed on the last day of the month. In other words, she must borrow funds needed during June on May 31. Ms. Bragg desires to maintain a $20,000 cash balance in her account.

Required: Compute the amount of funds Ms. Bragg needs to borrow for June.

Reference no: EM132132578

Questions Cloud

How changes are creating new organizational structures : Describe the Millennial's view of globalization and how changes are creating new organizational structures.

Identify one form of trauma in the given situation : Identify one form of trauma that you feel would make it difficult for you to tolerate or ‘bear witness to' in your role as a social worker.

Prepare a response to case studies : Please prepare a response to case studies offered related to situation/scenarios faced by case managers and counselors. Please utilize your course textbook.

Discuss a time in your work life when you needed : Discuss a time in your work life when you needed to use critical thinking. How would you show a potential employer that you have solid critical thinking skills

Compute the amount of funds bragg needs to borrow for june : Lois Braggs owns a small restaurant in Boston. Required: Compute the amount of funds Ms. Bragg needs to borrow for June

Parameters and the number of elements of the arrays : The function should use pointer arithmetic - not subscripting - to visit array elements. The rearrange function merges the two sets of integers by appending

Design the structure of your new center : Analyze the key components of three (3) sources of law related to the effects that each source could potentially have on your healthcare.

What strategies might you use to apply : As you read the resources this week, what concepts seem especially relevant to you as a social worker? Are you able to identify any personal misunderstandings.

Extract function finds the positive numbers : The extract function finds the positive numbers in the array a and store in array positive. The third parameter is array of positive

User Account

All Pages