Which of the following would be considered a revenue expenditure?
a. Purchase of a microcomputer
b. Installation of a heating system
c. Addition of a building wing
d. Replacement of a truck's battery
D
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Bantam Industries has budgeted the following information for March: Cash receipts$271,000 Beginning cash balance 5,000 Cash payments 280,000 Desired ending cash balance 25,000 If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments and interest is paid monthly at 1% on the first day of the following month. The company had no debt before March 1st. How much cash will the company need to borrowed in March?
A. $4,000 B. $29,000 C. The company should not need to borrow any cash in March D. $25,000
Analyzing the cause of a conflict serves no useful purpose
Indicate whether the statement is true or false.
The time value of money concept focuses on:
A) revenues alone. B) expenses alone. C) cash flows. D) net income.
What is the main distinguishing feature(s) for T&E cards?
A) They do not offer revolving credit. B) The full balance must be paid each month. C) There is no annual fee. D) Both A and B above E) Both A and C above