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 145 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
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

This Black-browed Albatross has been hooked on a long-line. This Black-browed Albatross has been hooked on a long-line.
A new drug development time line with the four phases of drug approval. A new drug development time line with the four phases of drug approval.
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
In plant fossils, leaf margin is used to estimate mean annual temperature In plant fossils, leaf margin is used to estimate mean annual temperature
Infant and Toddler Development and Responsive Program Planning: A Relationship-Based Approach Infant and Toddler Development and Responsive Program Planning: A Relationship-Based Approach
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library