REQUIRED: a. Complete the Cash Budget for April 2016 b. Can the Turkimani Delive

Question

REQUIRED: a. Complete the Cash Budget for April 2016 b. Can the Turkimani Delivery Company borrow any needed funds in April 20163 (20 Points) MULTIPLE-CHOICE QUESTIONS ON CHAPTER 22 (Two Points each). 1. If the Total Cash Available amounted to $590,000, and the Total Cash Payments amounted to $12,000, then the Ending Cash Balance Before Financing would be? a. $602,000 b. $545,000 c. $578,000 d. $410,000 e. None of the above answers is correct. 2. If a com pany has to borrow $10,000 at 4% from a local bank for or duill he the Maturity Value of the loan?

Explanation / Answer

1 Ending Cash balance before Financing = 590000-12000 = $578000 Option C is correct

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