What is the minimum cash loan that must be planned

Assignment Help Managerial Accounting
Reference no: EM132520584

Question 1: During December, the capital budget indicates a $280500 purchase of equipment for cash. The ending November cash balance is budgeted to be $40000. Cash receipts are $839700, and cash disbursements are $610800 during December. The company wants to maintain a minimum cash balance of $20100. What is the minimum cash loan that must be planned to be borrowed from the Bank during December?

option a) $31700

option b) $11600

option c) $51600

option d) $0

Reference no: EM132520584

Questions Cloud

Calculate the internal rate of return : Question - A small business promises a profit of $8000 on an initial investment of $20 000 after 5 years. Calculate the internal rate of return
What purpose does the idea of ragnarok serve : What purpose does the idea of Ragnarok serve? What are some aspects or qualities of Ragnarok that have existed in the communities of northern Europe?
Family medical leave act : Jane had previously used up all of her sick time and had no vacation time left. Jane went to HR to apply for leave under the Family Medical Leave Act.
Discuss the relevance of the features : Discuss the relevance of the features you describe to an understanding of the biology of birds.
What is the minimum cash loan that must be planned : During December, the capital budget indicates What is the minimum cash loan that must be planned to be borrowed from the Bank during December?
Determine fixed overhead static-budget variance for april : During April 84,000 packages (units) were produced and $72,000 was spent on fixed overhead. Determine fixed overhead static-budget variance for April
How your subject felt about the entire process : This week you will interview someone who has been through the jury selection process. Your interview can be conducted via social media, although it should.
What does that mean about truth in historical research : For this week's forum, choose a moment in history that interests you. Using a reliable source, summarize the event in 3-5 sentences. Then propose how that.
Determine the appropriate accounting treatment : Argo estimates that it is reasonably possible that it will lose a current lawsuit. Determine appropriate accounting treatment for each of Argo's contingencies

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute annual depreciation for the ?rst and second years

Declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the ?rst and second years under declining- balance method.

  What is the accounting rate of return on the investment

What is the accounting rate of return on the investment? Lifetime Equipment Company buys a piece of equipment for $36,442 that will last for 7 years.

  Calculate the after-tax cash flows during the life

Summarize all the information that will be required for each investment proposal, including describing the proposal and identifying the time horizon

  Evaluate and comment on the merits of their proposal given

Review the chapter's opening feature highlighting Derick Pearson and Felecia Hatcher and their company, Feverish Ice Cream.

  What is causing the estimated unit product cost

What is causing the estimated unit product cost to fluctuate from one quarter to the next?

  Questionfor many years mr leung has been employed as a

questionfor many years mr leung has been employed as a sales representative of a real estate company hit and run

  How to calculate the break-even quantities

"Determine How to calculate the Break-even quantities for the product line? Please also explain how the Break-even is arrived at."

  Determine the estimated volume in sales dollars

Determine the estimated volume in sales dollars that would be required to generate the operating profit as projected in the budgeted income statement

  What amount should be reported as cash

Cash in bank-savings account 66,200 Checking account balance 18,900 Cash on hand 8,450 Postdated checks 860 Cash refund due from IRS 34,500

  Entries for the related transactions of platypus company

Purchase-related transactions - Journalize entries for the related transactions of Platypus Company

  Describe the purpose of a flexible budget

Describe the purpose of a flexible budget. Suppose a manager claims flexible budgets are useful because costs are difficult to predict and flexibility is needed to change budgeted costs as input prices change. Do you agree?

  Classify all manufacturing costs and selling

What types of capital budgeting factors would you look at when deciding whether to do this? What would be the relevant costs that you would consider in this decision?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd