This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The ZYX Corporation is planning to request a line of credit from its bank and wants to estimate its ... (Read 146 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jul 10, 2018
The ZYX Corporation is planning to request a line of credit from its bank and wants to estimate its cash needs
  for the month of September. The following sales forecasts have been made for 2010:
 
  July 500,000
  August 400,000
  September 300,000
  October 200,000
  November 100,000
  Collection estimates were obtained from the credit collection department as follows: 20 collected within the
  month of sale; 70 collected the first month following this sale; and 10 collected the second month following
  the sale. Payments for labor and raw materials are typically made in the month in which these costs are
  incurred. Total labor and raw material costs each month are 50 of sales. General administrative expenses are
  30,000 per month, lease payments are 10,000 per month, and depreciation charges are 20,000 per month. The
  corporation tax rate is 40; however, no corporate taxes are paid in September. Prepare a pro forma income
  statement and cash budget for September.

Question 2

John Maynard Keynes segmented a firm's demand for cash into the following motives:
 
  A) transaction, speculative and precautionary.
  B) transaction, speculative, and risky.
  C) transaction, liquidity, and speculative.
  D) risk, investment, and liquidity.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


brutforce

  • Member
  • Posts: 540
Reply 2 on: Jul 10, 2018
Gracias!

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary. Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary.
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
The engine is rotated until the timing marks on the front of the crankshaft line up with zero ... The engine is rotated until the timing marks on the front of the crankshaft line up with zero ...
The line that has the yellow tag is a highpressure line and this line must be replaced with a new ... The line that has the yellow tag is a highpressure line and this line must be replaced with a new ...
Time Line for Evolution of the Universe Time Line for Evolution of the Universe
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library