Business, 07.09.2021 23:50 ssalazc1593
40% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. Cost of goods sold is 60% of sales. Purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. Total other cash expenses are $40,000/month. The company's cash balance as of February 28, 2012 will be $25,000. Excess cash will be used to retire shortterm borrowing (if any). CraftCo, Inc. has no short term borrowing as of February 28, 2012. Assume that the interest rate on shortterm borrowing is 1% per month. The company must have a minimum cash balance of $15,000 at the beginning of each month. What is CraftCo, Inc.'s projected cash balance at the end of March 2012?
Answers: 2
Business, 23.06.2019 10:50
In the context in which your reading material uses the term traffic patterns are
Answers: 1
Business, 23.06.2019 15:30
When filling out paperwork after you've been hired, you must have a: a. hiring sheetb. driver's licensec. social security numberd. copy of your transcript
Answers: 1
Business, 23.06.2019 18:00
Many jobs in the law, public safety, and security careers require training that does not aid in earning a degree. which best describes jobs that require licensure, on-the-job training, and certification? a. paramedics and correction officers need to be licensed, security guards need on-the-job training, and lawyers and fire inspectors need to be certified. b. security guards and lawyers need to be licensed, correction officers need on-the-job training, and paramedics and fire inspectors need to be certified. c. lawyers need to be licensed, paramedics and security guards need on-the-job training, and correction officers and fire inspectors need to be certified. d. fire inspectors and security guards need to be licensed, lawyers and correction officers need on-the-job training, and paramedics need to be certified.
Answers: 3
40% of sales are collected in cash at time of sale, 50% are collected in the month following the s...
Mathematics, 29.09.2020 21:01
Physics, 29.09.2020 21:01
History, 29.09.2020 21:01
Biology, 29.09.2020 21:01
Mathematics, 29.09.2020 21:01
Mathematics, 29.09.2020 21:01
Social Studies, 29.09.2020 21:01
Mathematics, 29.09.2020 21:01
Physics, 29.09.2020 21:01
Mathematics, 29.09.2020 21:01
Mathematics, 29.09.2020 21:01