Burr company had the following account balances at december 31, year 2: cash in banks $2,250,000 cash on hand 125,000 cash legally restricted for additions to plant (expected to be disbursed in year 3) 1,600,000 cash in banks includes $600,000 of compensating balances against short-term borrowing arrangements. the compensating balances are not legally restricted as to withdrawal by burr. in the current assets section of burr's december 31, year 2, balance sheet, total cash should be reported at

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Adisadvantage of corporations is that shareholders have to pay on profits.