I need to borrow 25000
A NOTE ON FORECASTING FINANCIAL REQUIREMENTS
When we borrow money, we agree to pay a fixed interest rate on the loan principal. For instance, if we borrow $25,000 for a full year and commit to pay 12-percent interest, our interest expense would be $3,000 for the year (12% X $25,000…
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Nov 11, 2010 · The budget for February is as follows: During February, how much will Crest Company need to borrow? (Points: 2) $50,000 . $0. $25,000 $4,000 . 6. An automobile parts company has a …
[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $141,000 and budgeted cash disbursements total $139,000. The desired ending cash balance is $30,000. The company has an open line of credit that allows it to borrow …
[DOC File]Chapter 7
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c. Havel will need to borrow money in October. Cash Budget for October Beginning cash balance $ 16,000 Add: Cash receipts 100,000 (1) Cash available 116,000 Less: Payments For inventory …
[DOC File]ANSWERS TO QUESTIONS
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(25,000) 410,000 Inventories 597,000 Total current assets 1,357,000 Long-term investments Investments in bonds 299,000 Investments in stocks 277,000 Total long-term investments 576,000 Property, plant, …
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