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Question - Gripp Corporation needs $765,000 to pay one of its suppliers. The bank requires a compensating balance equal to 15 percent on loans to companies. Because Gripp currently holds no funds at the lending bank, it must borrow enough to have $765,000 available to pay its suppliers after covering the compensating balance. How much must Gripp borrow so that it has $765,000 to pay its suppliers?
What is the full title of the company/institution? What is the type of ownership of the company/institution? State the main shareholders and their shares.
Explain the impact on cash flows of a build-up in inventory during this covid - 19 pandemic and how can companies mitigate the financial impact
What is the workstation cycle time required to produce 1,000 units per day?
Create an argument that use of the present value free cash-flow method has a more beneficial economic meaning than earnings-based methods. Provide support for your argument.
Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.
Lewis's marginal federal-plus-state tax rate is 40 percent. What is Lewis's present value cost of leasing the equipment
Best Co. anticipates $175,000 of fixed costs and $137,500 of variable costs. What are the flexible budget amounts of total costs for 20,000 and 30,000 units
Prepare a cash budget for each month of the fourth quarter and for the quarter in total. Prepare supporting schedules as needed.
Define and explain activity-based costing
sheridon corporation is investigating automating a process by purchasing a new machine for 515000 that would have a 10
Compute What was the maximum amount of the charitable contribution allowable as an itemized deduction on Jackson's current year income tax return?
In a manufacturing company the proper journal entry (without numbers) to record the purchase of direct materials would be:
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