Mealer, Inc has prepared its third quarter budget and provided the following data
Jul Aug Sep
Cash collections $51,000 $39,500 $46,600
Cash payments:
Purchases of direct materials 31,000 21,500 17,000
Operating expenses 12,000 9,000 11,300
Capital expenditures 13,500 24,600 0
The cash balance on June 30 is projected to be $4,500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the final projected cash balance at the end of September.
A) $21,584
B) $6,584
C) $8,367
D) $54,967
B .B)
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Payment of a dividend increases both cash and stockholders' equity of the distributing business
a. True b. False Indicate whether the statement is true or false
On May 1, 2002, Marek received a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 a.m., Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 a.m. on the same day, Marek mails Sergei a letter attempting to accept the offer. At 11:30 a.m., Marek receives Sergei's revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction business is to offer by telegram and accept by mail. Which of the following statements holds true in this situation?
A. Marek's acceptance would be effective only when Sergei reads the acceptance, which would then create the contract. B. The parties would have a contract because Marek used the means of communication impliedly authorized by trade usage. C. Sergei's revocation can make changes to the contract, though it reaches Marek after he sends the acceptance mail. D. The parties would not have a contract as Marek used a nonauthorized means of communicating his acceptance.
What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%?
A. $4,750 B. $5,000 C. $5,250 D. $5,513 E. $5,788
Which of the following is a benefit for individuals at Level IV of the workplace?
a. Increased economic activities b. Increased respect for other nations and cultures c. Improved health and safety d. Increased reputation image