subject
Business, 22.03.2021 23:20 dessyrob05

Jordan borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $20,000 cash cushion. Prepare a cash budget. (Any repayments/shortage which should be indicated with a minus sign.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:00
Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?
Answers: 3
question
Business, 22.06.2019 10:30
Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst
Answers: 1
question
Business, 22.06.2019 14:00
Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?
Answers: 1
question
Business, 23.06.2019 01:50
Mart's boutique has sales of $820,000 and costs of $540,000. interest expense is $36,000 and depreciation is $59,000. the tax rate is 21 percent. what is the net income? $146,150 221,200 105,000 139,050
Answers: 3
You know the right answer?
Jordan borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayme...
Questions
question
Chemistry, 17.10.2019 13:20
question
Mathematics, 17.10.2019 13:30
question
Computers and Technology, 17.10.2019 13:30
Questions on the website: 13722367