a. Cash budget for July: Beginning cash balance $75,000 + Cash inflows $40,000 - Cash outflows $48,000 = Ending cash balance $67,000.
b. Monitor cash flow, incentivize early payments, review expenses, and maintain proactive cash management for sustainable growth.
a. To prepare a cash budget for July, we need to consider the cash inflows and outflows for the month. Here is a breakdown:
Cash inflows:
- Collections from June sales (60%): $40,000
- Collections from May sales (35%): $0 (since it is the second month after sale)
- Total cash inflows: $40,000
Cash outflows:
- Payments of June accounts payable and accrued expenses: $48,000
Additional information:
- Cash on hand as of June 30: $75,000
- Collections of June 30 accounts receivable in July: $40,000
- Collections of June 30 accounts receivable in August: $30,000
Now, let's calculate the cash budget for July:
Beginning cash balance: $75,000
Cash inflows: $40,000
Total cash available: $115,000 ($75,000 + $40,000)
Cash outflows: $48,000
Ending cash balance: $67,000 ($115,000 - $48,000)
Therefore, the cash budget for July shows an ending cash balance of $67,000.
b. Based on the cash budget, it appears that PrimeTime Sportswear has a positive ending cash balance for July, indicating that they have sufficient cash to cover their expenses. However, it is important for management to closely monitor their cash inflows and outflows to ensure they maintain a healthy cash position. They should continue to analyze their sales projections, collections, and expenses to make accurate cash flow forecasts. Additionally, they could explore optimizing their collection efforts by incentivizing early payments or offering discounts for prompt payment. It may also be beneficial to review their purchasing and expense management practices to identify any potential cost-saving opportunities. Overall, maintaining a proactive approach to cash management will help PrimeTime Sportswear sustain its growth and financial stability.
Learn more about cash balance here:
https://brainly.com/question/28388417
#SPJ11
common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply. pace determined by speed of equipment importance of repeating same tasks indoors, environmentally controlled deal with physically aggressive people telephone and electronic mail importance of being exact or accurate
Answer:
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Actors? Check all that apply.
deal with physically aggressive people
exposed to hazardous equipment
contact with others
work with group or team
Explanation:
Answer:
A, B, E, F
Explanation:
5. Describe at least three investments you want
to make with your income. Explain whether
each one is an equity investment or a debt investment, and explain why you chose these
particular types of investments
With the money I'd make, I'd like to buy a car as an equity investment.
This item was chosen because it would assist me in getting to work and other locations on my own.
I'd also like to utilize my money to purchase or rent a house, which would also be an equity investment and provide me with a place to live for an extended length of time.
I'd like to invest in a powerful firm that wants to do good in the world; this is a debt investment that would offer the world a strong face.
To know more about "investments" refer to this link:
https://brainly.com/question/15105766?referrer=searchResults
Tom was recently turned down for a loan. He would like to re-apply next year for the same loan. Which of the following is not a change he could make to increase his chances of being approved for the loan?
a.
Pay off some of his credit cards to decrease his debt-to-income ratio.
b.
Take out some more credit cards to increase his monthly debt.
c.
Find another job that pays more, increasing his gross monthly income.
d.
Improve his credit score by making all credit card and loan payments on time
Look at all the options and see which one would NOT be a positive change. In order to get a loan, you want as little debt as possible, which rules out option A because getting rid of debt is good. You also want a high paying job, which rules out option C. Finally, your credit score is very important in getting a loan. You want the best credit score possible, which rules out option D. This leaves option B. This would be the answer because, as I said before, you want as little debt as possible, so increasing your monthly debt would not be helpful at all in getting a loan.
Answer:
B
Explanation:
Take out some more credit cards to increase his monthly debt.
A+$5000+investment+earns+8.6%+annual+interest,+and+a+$9000+investment+earns+5.9%,+both+compounded+annually.+how+long+will+it+take+for+the+smaller+investment+to+catch+up+to+the+larger+one?
The smaller investment will catch up to the larger one when their values are equal. To find out how long it will take, we need to set up an equation.
Please keep in mind that this is an estimation and the exact value of t may vary slightly based on the actual values of X and Y. Let's denote the smaller investment as X and the larger investment as Y.
For the smaller investment:
Principal = X
Rate of interest = 8.6%
Time = t (in years)
For the larger investment:
Principal = $9000
Rate of interest = 5.9%
Time = t (in years)
Using the compound interest formula, the value of the smaller investment after time t is given by:
X * (1 + 8.6/100)^t
And the value of the larger investment after time t is given by:
$9000 * (1 + 5.9/100)^t
We want to find the time t when both investments have equal values, so we can set up the equation:
X * (1 + 8.6/100)^t = $9000 * (1 + 5.9/100)^t
To solve this equation, we can use logarithms or trial and error. Since we don't have specific values for X, we'll use trial and error.
Let's start with a reasonable value for X, such as $5000. We'll plug in X = $5000 into the equation and solve for t:
$5000 * (1 + 8.6/100)^t = $9000 * (1 + 5.9/100)^t
Now we can simplify the equation:
1.086^t = 1.059^t
Using trial and error, we find that the values become approximately equal when t is around 10 years. So it will take approximately 10 years for the smaller investment to catch up to the larger one.
To know more about investment visit:
https://brainly.com/question/1231328
#SPJ11
Debt financing: (select all that apply)
is a loan
must be repaid
gives an investor equity in your company
has no risk to the borrower
Except for the C option, all pertain to the context of debt financing. Lenders who provide debt financing are only eligible for capital plus interest payback.
Which is most preferably between Debt Financing and Debt Equity by Companies?
The main reason businesses choose debt financing over equity financing is that debt financing preserves company ownership, whereas equity financing, such as selling shares and common stocks, gives investors a continuing equity stake in the company in exchange for shareholder voting rights and dilutes the ownership of the company's owners.
Debt financing is the process by which a business raises funds by offering investors debt instruments. Equity finance, which involves issuing stock to raise money, is the reverse of debt financing. When a company sells fixed income securities like bonds, bills, or notes, debt financing takes place.
Learn more about Debt Financing here:
https://brainly.com/question/18848917
#SPJ1
Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
learn more about equilibrium quantity and price: https://brainly.com/question/22569960
#SPJ1
The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
theo chocolate's objective to operate business in a way that provides wide ranging benefits to the community is an example of:
Social responsibility is exemplified by Theo Chocolate's goal to run its business in a way that benefits the community broadly.
Theo Chocolate took great delight in the premium organic and fair trade chocolate they imported, claiming that doing so offered farmers genuine incentives. In addition to having a social obligation to the farmer, Theo Chocolate also had a responsibility to the consumer. They solely employed organic food, green energy sources, and environmentally friendly packaging in their operations. Much of Theo Chocolate's profits were frequently donated to deserving organisations that shared their principles.
Learn more about Chocolate here:
https://brainly.com/question/17086114
#SPJ4
.What are some potential difficulties that you might encounter when doing business in the Chinese market?
Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
The prohibition of Gharar is a key Islamic Banking principle. Discuss it. Answer in no less than 20 words.
The prohibition of Gharar is a key Islamic Banking principle. This principle is central to the idea of Islamic finance. Gharar means 'risk' or 'uncertainty.'
In Islamic Banking, Gharar is the concept that an agreement that involves an element of risk or uncertainty is not valid.
The concept of Gharar covers a wide range of financial activities that have to do with risk and uncertainty. This includes gambling, speculation, and other financial activities that are viewed as high risk in traditional banking
.Islamic Banking principles prohibit transactions that involve Gharar because such transactions violate the principle of Tawheed, which is the oneness of Allah. In Islamic Banking, it is believed that transactions that involve risk or uncertainty may lead to exploitation, fraud, and oppression
Learn more about financial risk at:
https://brainly.com/question/14284789
#SPJ11
what are the two main sources of income for the federal
Answer:
The two main sources of revenue for the federal government are personal income taxes and social insurance taxes.
Answer:
Taxes and
Explanation:
Name some areas where there’s an expected be an increased demand for workers
Answer:
Health care,Social assistance,Child care
Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
Built-in stability is exemplified by the fact that with a progressive tax system, net tax revenues decrease when GDP decreases.
a. true b. false
False. Built-in stability, in the context of fiscal policy, refers to the automatic stabilizers that help stabilize the economy during economic downturns or expansions without the need for discretionary policy actions. These stabilizers are designed to offset fluctuations in economic activity.
In the case of a progressive tax system, where tax rates increase as income increases, the net tax revenues do not necessarily decrease when GDP decreases. In fact, during an economic downturn or decrease in GDP, individuals and businesses may experience a decline in income, which could lead to a decrease in tax revenues. However, the progressive nature of the tax system means that individuals with higher incomes may still contribute a significant amount of tax revenue even during economic downturns.
Therefore, the statement that net tax revenues decrease when GDP decreases in a progressive tax system is generally false. The progressive tax system may provide some stability to tax revenues during economic downturns, but it does not guarantee a decrease in net tax revenues.
To know more about GDP , click here, https://brainly.com/question/30737857
#SPJ11
How many years has it taken the Internet to achieve a share of greater than 50% of U.S. households?
a. 17
b. 10
c. 60
d. 38
2. Which of the following is not a characteristic of a perfect competitive market?
a. A nearly infinite set of suppliers compete against one another.
b. Price, cost, and quality information are equally distributed.
c. Customers have access to all relevant information worldwide.
d. It is highly regulated.
3. Which of the following best describes the early years of e-commerce?
a. They were a technological success but a mixed business success.
b. They were a technological failure but a business success.
c. They were a mixed technological and business success.
d. They were a technological success but a business failure.
1. It has taken the Internet many years to achieve a share of greater than 50% of U.S. households. The answer is option (d) 38.2. Perfect competitive market is one where the following characteristics hold;
There is a large number of suppliers who compete against each other. Each supplier is so small compared to the market that it cannot affect price. Price, cost, and quality information are freely and equally available to all market participants. Customers have access to all relevant information worldwide. Transactions incur no transaction costs. Property rights and contracts are enforced.
The answer is option (d) It is highly regulated.3. The best option that describes the early years of e-commerce is they were a technological success but a mixed business success. E-commerce is the activity of buying or selling products and services over the internet. It is important to understand the early years of this activity to appreciate its evolution and how it became what it is today. The early years of e-commerce witnessed a technological success. This is because a lot of advancements were made to the internet that made it possible to carry out transactions with ease and in a secure environment.
However, it was a mixed business success because it took a while for businesses to understand the dynamics of e-commerce and how to fully utilize it. Some businesses embraced e-commerce while others took a while to come around.
Therefore, the answer is option (a) They were a technological success but a mixed business success.
To know more about , market visit:
https://brainly.com/question/25369230
#SPJ11
2) You are the SQA manager at Hardy Hardware, a regional chain of 754 hardware stores. Your organization is considering buying a stock control package for use throughout the organization. Before authorizing the purchase of the package, you decide to test it thoroughly. What properties of the package do you investigate? [10] 3) Requirements engineering is one important process in software engineering. With aid of a diagram explain this process, showing all the stages involved [10]
As the SQA manager, I would investigate properties such as functionality, scalability, reliability, user-friendliness, integration capabilities, performance, security, support, customization options, and cost-effectiveness of the stock control package.
As the SQA manager, before authorizing the purchase of a stock control package, I would thoroughly investigate several properties of the package. Firstly, I would assess its functionality to ensure that it meets the specific requirements of Hardy Hardware, such as inventory tracking, order management, and reporting capabilities. Scalability would be important to ensure that the package can handle the organization's current and future growth.
Learn more about investigate here:
https://brainly.com/question/29353884
#SPJ11
...hype me up ayeeee
Answer:
Fact: Some fungi create zombies, then control their minds
Explanation:
The tropical fungus Ophiocordyceps infects ants’ central nervous systems. By the time the fungi been in the insect bodies for nine days, they have complete control over the host’s movements. They force the ants to climb trees, then convulse and fall into the cool, moist soil below, where fungi thrive. Once there, the fungus waits until exactly solar noon to force the ant to bite a leaf and kill it.
Answer:
yes
Explanation:
Which action by the government would be used in expansionary monetary policy?
a. decreasing the reserve requirement
b. raising the federal funds rate target
c. selling more bonds to the general public
d. increasing the discount rate
The most important equipment that central banks use to expand monetary coverage encompass lowering the bargain rate, growing the buy of government securities, and reducing the reserve requirement.
What happens if the government of a u . s . a . uses expansionary financial policy?a. reducing the reserve requirement b. elevating the federal funds rate target c. selling more bonds to the conventional public d. increasing the cut price rate
Expansionary economic policy is when a central bank makes use of its equipment to stimulate the economy. That will increase the cash supply, lowers activity rates, and will increase demand. It boosts financial growth. It lowers the price of the currency, thereby decreasing the alternate rate.
What is the policy action in an expansionary economic policy to promote financial growth?Expansionary economic coverage goals to spur monetary growth via expanded liquidity. Increased money provide promotes monetary growth. It takes place because companies and people seem to be to capitalize upon the without difficulty accessible dollars by means of task increased investments, expanding operations, and growing consumption.
Learn more about expansionary here;
https://brainly.com/question/30097286
#SPJ1
_______are independent businesses that do not own the products they sell. They act as intermediaries to brinna
buyers and sellers together
Agents and brokers
Wholesalers
Retailers
Final consumers
Answer:
Agents and brokers
Explanation:
Agents and brokers connect buyers and sellers. They are contracted by either sellers or buyers to help them increase sales or find items to buy. Agents and brokers act on behalf of their clients.
Wholesalers and retailers take ownership of the goods they sell. They first buy the goods, which gives them title to the goods before selling to retailers or consumers. Agent and brokers do not buy goods. They look for buyers or sellers for their clients' merchandise.
According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Multiple Choice
a. the infant industry argument
b. market imperfections theory
c. internalization theory
d. the eclectic paradigm
e. Knickerbocker's theory
The correct option d. the eclectic paradigm. According to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
Explain about the foreign direct investment?The goal of obtaining a long-term interest in a company located in another economy by an investor from one economy is reflected in the type of international investments known as foreign direct investment (FDI).
For instance, a US business may buy stock in a foreign firm that provides it with all the raw resources it requires. A corporation invests together in foreign company that is irrelevant to its main business in a conglomerate FDI.Economic theory, also referred to as the OLI model as well as OLI framework, is the eclectic paradigm. It gets over the drawbacks of fragmentary theories of global production and offers a comprehensive framework in which alternative and related theories of global production can coexist.Thus, according to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
To know more about the foreign direct investment, here
https://brainly.com/question/14582473
#SPJ4
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
Learn more about deprecating a product here:
https://brainly.com/question/4591900
#SPJ2
Open market operations refer to which action by a central bank?
A. Regulating the amount of money banks hold in reserve
O B. Changing the price banks pay to borrow money
O C. Buying and selling treasury securities
O D. Adjusting interest rates on stock markets
Answer:
O C. Buying and selling treasury securities
Explanation:
Through the Federal Reserve, the government employs monetary policy to influence the direction and speed of economic growth. Open market operations are part of the monetary policies. It entails the government buying or selling securities from commercial banks.
Monetary policies regulate the amount of money supply in the economy. When the government wants to increase the amount of money in the economy, it buys government securities from banks. The Fed deposits large sums of money to banks in exchange for the securities. The Banks lends the money to firms and households, therefore increasing money in the economy. The selling of securities by the Fed decreases the amount of money in the country.
Open market operations refer to the action by a central bank of (c.) buying and selling treasury securities. Option C
What is an open market?Open market operations can be defined as the action by a central bank of buying and selling treasury securities in order to influence the money supply and interest rates in the economy.
When a central bank buys treasury securities, it injects money into the economy, and this result in increase of the money supply and lower interest rates. When it sells treasury securities, it removes money from the economy, which can decrease the money supply and raise interest rates.
Learn more on open market on https://brainly.com/question/31248440
#SPJ6
If your mom knew that Publix was going to have a big sale on chicken breast next week then her demand for chicken would________________
Increase
Decrease
No Change
Assignment 2
(20 points)
Assignment 2: Costs and Profit
Instructions
I'm sorry, I don't know what you mean. Please attach a photo/add the instructions!! Sorry
Answer:
can u please upload it
Explanation:
Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
Read more about Fiscal policy
brainly.com/question/6583917
#SPJ1
Which words means finds its food; a consumer.?
Answer:
The word that means finding its food is hunting
What statements best describe a store charge card?
A. Store cards do not have the name of the store on them.
B. Store cards have a "Visa" or "MasterCard" logo on them and can used as a debit card.
C. Usually, the store card can only be used at the store or at other businesses that store may own.
D. Store cards can only be used for sale items.
The statement that best describe a store charge card is that usually, the store card can only be used at the store or at other businesses that store may own. Option C is correct.
Store charge cards are typically issued by a specific store or chain of stores and can usually only be used for purchases made at that store or its affiliated businesses. They typically do not have a Visa or Mastercard logo and cannot be used as a debit card. While some store cards may offer special discounts or rewards for sale items, they are not typically restricted to sale items only.
Store charge cards are credit cards that are issued by a specific store or retail chain. Unlike traditional credit cards, store charge cards can only be used for purchases at the store or its affiliated businesses. They are not typically affiliated with Visa or Mastercard, so they cannot be used as a debit card or to make purchases at other retailers.
Store charge cards often offer rewards programs or special discounts to cardholders, such as cash back on purchases or exclusive access to sales and promotions. However, these rewards are typically limited to the store or chain of stores that issues the card. In addition, store charge cards often have higher interest rates and fees than traditional credit cards, so it is important to carefully review the terms and conditions before applying for a store charge card. Option C is correct.
To know more about the Store charge card, here
https://brainly.com/question/3589900
#SPJ4
What is the proper balance between dealing with negative externalities through government regulation or through torts?
Answer:
Government regulation is the best way to deal with negative externalities
Explanation:
An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .
A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on third parties. that way the cost of production of such goods and service will discourage its production
Critical Thinking:
8. Seventeen year old Kara, who is also black, wants a laptop computer of her own. She goes to Best Buy to purchase a new laptop with part of the money she saved from her part-time job. The laptop cost $1,100. Kara offers to put down $400 and make monthly payments through the store’s credit plan. Because Kara is only 17, the manager of the store refuses to sell her the laptop and asks her to return with her parents to possibly work out a deal.
1) Is this fair to Kara? Explain.
2) Is this discriminatory or illegal? Explain.
a.
3) What concerns might the manager have about selling a computer to Kara? (2)
a.
b.
Answer:
1) It may not be fair to Kara,but since many teenagers are ill-responsible, it may be best to work out deals with their parents, rather than a child. Since she is supposed to be making monthly payments, that may mean that she forgets, or doesn't do so. By having a parent there, Kara and the manager can ensure that there is understandment about the product that is being sold.
2) Kara is under 18, which means that a salesperson does not have to sell her a product if they feel it is not fit for them. So no, it is not illegal or discriminatory to her race, but perhaps to her age group..
3) a. The manager may be worried that Kara is not mature or old enough to have the responsibilities that come with paying a month-to-month rate.
b.The manager also may be worried that Kara took the money from her parents to secretly buy the computer, rather than buying the computer with her own money.
I hope this helps & Good Luck!
What impact did private investment have on Japan's industrialization?
Private investment played a crucial role in Japan's industrialization process. Following the Meiji Restoration in 1868, the Japanese government encouraged private investment by offering incentives.
Private investors used these incentives to build factories, develop infrastructure, and introduce new technologies, which helped to create a diversified and modernized economy.
Private investment was particularly important in the development of Japan's heavy industries, such as steel, shipbuilding, and machinery. The government supported these industries by providing infrastructure and favorable policies, but it was private investors who provided the capital and technical expertise needed to establish and expand these industries.
Overall, private investment was essential to Japan's rapid industrialization, allowing the country to catch up with and even surpass the industrialized nations of the West in a relatively short period.
To learn more about private investment, visit here
https://brainly.com/question/14668215
#SPJ4
Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.