What is the amount of the borrowing

Assignment Help Accounting Basics
Reference no: EM131731013

Question - Loachapoka Company budgeted the following transactions for April 2004:

Sales (75% collected in month of sale) $200,000

Cash Operating Expenses 105,000

Cash Purchases of Capital Investment 75,000

Cash Payment of Dividends 20,000

Depreciation on Operating Assets 15,000

The beginning cash balance was $50,000. The company desires to have a $25,000 ending cash balance. What is the amount of the borrowing (repayment)?

a. Borrowing $25,000

b. Borrowing $40,000

c. There is no borrowing or repayment.

d. Repayment $50,000

Reference no: EM131731013

Questions Cloud

Discuss problem related to valuing bonds : Valuing Bonds. Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity.
What is apple corporate level strategy : What is Apple’s Corporate Level Strategy? Why—explain? Assess Apple’s diversification success by using the following template:
At what selling unit price would each company made : Company "A" has a contribution margin of 50% and a fixed cost of $110,000. At what selling unit price would each company made the same amount of profit
What are the prices of the given bonds : Bond Price Movements. Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 8.5 percent, a YTM of 7 percent, and has 13 years.
What is the amount of the borrowing : The beginning cash balance was $50,000. The company desires to have a $25,000 ending cash balance. What is the amount of the borrowing (repayment)
Draft formal report for the executive board meeting : Upon reviewing your proposal, you are told to draft a formal report for the executive board meeting.
Find the bond values on the bond : Bond Values. A Microgates Industries bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years.
Choose one chapter of the textbook that interest you : Choose one chapter of the textbook that interest you. Examples from your experience in business or as a customer.
What is the effective annual yield : Yields. A Macrohard Corp. bond carries an 8 percent coupon, paid semiannually. The par value is $1,000, and the bond matures in six years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Differenciate between purchase and pooling of interests

The logic of pooling rests heavily on the assumption that no substantive economic transaction occurs between the combiner and stockholders of the combine.

  Overapplied to cost of goods sold

Actual manufacturing overhead by year-end totaled $233,000. Rockville adjusts all under- and overapplied to cost of goods sold.

  Funke corporation has only five employees

Funke Corporation has only five employees who are all paid $1,050 per week.

  The following items appeared in accounting records of

the following items appeared in the accounting records of trigueros a retail music store that also sponsors concerts.

  How much were the dividends

Total liabilities increased by $30,000, and net income was $90,000. If no additional capital stock was issued, how much were the dividends

  Given the information below compute the net asset value for

calculating net asset value. given the information below calculate the net asset value for the boston equity mutual

  June 1 the company issued 2133 shares of its common stock

june 1 the company issued 2133 shares of its common stock after acquiring from joe 42900 in cash computer equipment

  Comment on the feasibility of each of the suggestions

As the accounting member of the working party, comment on the feasibility of each of the above suggestions for increasing the 2016 forecast profit.

  Demonstrating a knowledge of accounting concepts

Managers need to know enough about accounting concepts and their applications, that they can understand and interpret financial data and make the best decisions possible.

  Negative or positive automatic assumptions

The point here is to be able to identify yourself with a group so that you can then explore and examine the negative or positive automatic assumptions people often apply too such groups.

  Smitty museum purchased the copyright to a piece of artwork

smitty museum purchased the copyright to a piece of artwork for 922000. smitty plans to reproduce 1.8 million posters

  Using a search engine, search the phrase sec channel

This chapter mentioned alleged fraudulent revenue reporting at Coca Cola and McAfee. Using a search engine, search the phrase SEC channel stuffing.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd