Business, 31.12.2019 02:31 heiddy0122

Kayak co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding cash disbursements for loan principal and interest payments) for the first three months of next year.

cash
receipts cash
disbursements
january $ 525,000 $ 475,000
february 400,000 350,000
march 450,000 525,000

according to a credit agreement with the company’s bank, kayak promises to have a minimum cash balance of $30,000 at each month-end. in return, the bank has agreed that the company can borrow up to $150,000 at an annual interest rate of 12%, paid on the last day of each month. the interest is computed. based on the beginning balance of the loan for the month.
the company repays loan principal with available cash on the last day of each month.
the company has a cash balance of $30,000 and a loan balance of $60,000 at january 1.

prepare monthly cash budgets for each of the first three months of next year.

(be certain to enter "0" wherever required. negative balance and loan repayment amount should be indicated with minus sign.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 16:30

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?

Answers: 3

Answer

Business, 22.06.2019 22:50

For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?

Answers: 1

Answer

Business, 23.06.2019 13:30

Amarginally attached worker is a person who is not happy with his or her job. someone who works part-time more than 25 hours per week but wants full-time work. someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. another name for an unemployed worker.

Answers: 2

Answer

Business, 24.06.2019 03:30

Consider the demand for avocados. does an increase in average income cause a shift of the demand curve for avocados or a movement along the demand curve? explain briefly. an increase in average income causes

Answers: 3

Answer

You know the right answer?

Kayak co. budgeted the following cash receipts (excluding cash receipts from loans received) and cas...

Questions