Question
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900....
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900. Budgeted cash receipts total $187,500 and budgeted cash disbursements total $189,800. The desired ending cash balance is $30,900.
To attain its desired ending cash balance for January, the company should borrow:
Multiple Choice:
A) $47,500
B) $30,900
C) $0
D) $14,300
Homework Answers
Answer #2
answered by: anonymous
Not the answer you're looking for?
Similar Questions
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $28,000....
Zolezzi Inc. is preparing its cash budget for March. The
budgeted beginning cash balance is $28,000. Budgeted cash receipts
total $105,000 and budgeted cash disbursements total $92,000. The
desired ending cash balance is $60,000. The company can borrow up
to $60,000 at any time from a local bank, with interest not due
until the following month. Required: Prepare the company's cash
budget for March in good form. Make sure to indicate what
borrowing, if any, would be needed to attain...
Zoo Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $20,000....
Zoo Inc. is preparing its cash budget for March. The budgeted
beginning cash balance is $20,000. Budgeted cash receipts total
$116,000 and budgeted cash disbursements total $87,000. The desired
ending cash balance is $60,000. The company can borrow up to
$110,000 at any time from a local bank, with interest not due until
the following month.
Required:
Prepare the company's cash budget for March in good form. Make
sure to indicate what borrowing, if any, would be needed to attain...
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is...
Sedita Inc. is working on its cash budget for July. The budgeted
beginning cash balance is $15,000. Budgeted cash receipts total
$184,000 and budgeted cash disbursements total $183,000. The
desired ending cash balance is $31,000. The excess (deficiency) of
cash available over disbursements for July will be:
Multiple Choice
$16,000
$14,000
$1,000
$199,000
Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is...
Mosbey Inc. is working on its cash budget for June. The budgeted
beginning cash balance is $18,000. Budgeted cash receipts total
$175,300 and budgeted cash disbursements total $204,000. The
desired ending cash balance is $49,000, and the company borrows in
increments of $500 only. The amount Mosbey Inc needs to borrow for
June will be:
The Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year....
The Charade Corporation is preparing its Manufacturing Overhead
budget for the fourth quarter of the year. The budgeted variable
manufacturing overhead is $5.00 per direct labor-hour; the budgeted
fixed manufacturing overhead is $75,000 per month, of which $15,000
is factory depreciation.
If the budgeted cash disbursements for manufacturing overhead
for December total $105,000, then the budgeted direct labor-hours
for December must be:
Multiple Choice
6,000 direct labor-hours
21,000 direct labor-hours
9,000 direct labor-hours
3,000 direct labor-hours
The usual starting point...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
300,000
$
420,000
$
350,000
$
370,000
Total cash disbursements
$
358,000
$
328,000
$
318,000
$
338,000
The company’s beginning cash balance for the upcoming fiscal year
will be $35,000. The company requires a minimum cash balance of
$10,000 and may...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
200,000
$
350,000
$
230,000
$
250,000
Total cash disbursements
$
274,000
$
244,000
$
234,000
$
254,000
The company’s beginning cash balance for the upcoming fiscal year
will be $24,000. The company requires a minimum cash balance of
$10,000 and may...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
300,000
$
420,000
$
350,000
$
370,000
Total cash disbursements
$
358,000
$
328,000
$
318,000
$
338,000
The company’s beginning cash balance for the upcoming fiscal year
will be $35,000. The company requires a minimum cash balance of
$10,000 and may...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
200,000
$
350,000
$
230,000
$
250,000
Total cash disbursements
$
274,000
$
244,000
$
234,000
$
254,000
The company’s beginning cash balance for the upcoming fiscal year
will be $24,000. The company requires a minimum cash balance of
$10,000 and may...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
270,000
$
420,000
$
300,000
$
320,000
Total cash disbursements
$
323,000
$
293,000
$
283,000
$
303,000
The company’s beginning cash balance for the upcoming fiscal year
will be $38,000. The company requires a minimum cash balance of
$10,000 and may...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 12 minutes ago
asked 12 minutes ago
asked 16 minutes ago
asked 17 minutes ago
asked 44 minutes ago
asked 59 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago