QUESTION 15 in the month of February Concord Airlines expects a total cash receipt of 103 and a total cash disbursements (payments) of 643. The ending cash balance of January was 45. The company will take a loan in case the minimum desired cash balance of 500 BD is not met. Based on this information what is the loan amount for the month of February.
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- In the month of February Concord Airlines expects a total cash receipt of 208 and a total cash disbursements of 463. The ending cash balance of January was 38.The company will take a loan in case the minimum desired cash balance of 500 BD is not met. Based on this information what is the loan amount for the month of February?In the month of February Concord Airlines expects a total cash receipt of 160 and a total cash disbursements (payments) of 659. The ending cash balance of January was 23. The company will take a loan in case the mìnimum desired cash balance of 500 BD is not met. Based on this information what is the loan amount for the month of February. QUESTION 2QUESTION 3 In the month of February Concord Airtines expects a total cash receipt of 172 and a total cash disbursements (payments) of 626. The ending cash balance of January was 59. The company will take a loan in case the minimum desired cash balance of 500 BD is not met. Based on this information what is the loan amount for the month of February
- In the month of February Concord Airlines expects a total cash receipt of 118 and a total cash disbursements (payments) of 550. The ending cash balance of January was 59. The company will take a loan in case the minimum desired cash balance of 500 BD is not met. Based on this information what is the loan amount for the month of February.Sheridan Company provided the following information for the month of October: Beginning cash balance=$34700 Cash receipts=459600 Cas disbursements=486000 Sheridan's policy is to keep a minimum end-of-the-month cash balance of $29300. How much will Sheridan need to borrow during October? $21000 $26400 $8300 $0January February March $ 518,000 406,500 478,000 Kayak requires a minimum cash balance of $40,000 at each month-end. Loans taken to meet this requirement charge 1%, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $40,000 is used to repay loans at month-end. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (If any) should be Indicated with minus sign.) Beginning cash balance Add: Cash receipts Total cash available Less: Cash payments for All items excluding interest Interest revenue Total cash payments Preliminary cash balance $ 465,900 354,400 535,000 Loan activity Additional loan (loan repayment) Ending cash balance Loan balance - Beginning of month Additional loan (loan repayment) Loan balance, end of month KAYAK COMPANY Cash…
- Use average daily balance method to compute the charge on the credit card account for the previous month. The starting balance and transaction led on the account for the month of April are in the table below. Assume an annual interest rate of 18%. April (30 days) previous month balance $180 4/3 charged $85 4/17 made payment of $120 4/24 charged $192 4/26 charged $37 the finance charge is what?QUESTION 2 Use the average daily method to find the finance charge on the credit card account for September (that will appear on the October bill). The starting balance from the previous month is 280$. The transactions on the account for the month are given below. Assume an annual interest rate of 26% on the account and that the billing date is October 1st. September 1 September 3 September 10 September 13 September 22 The starting balance is 280$ Charged $123 Made a payment of $ 350 Returned $25 Charged $89 The finance charge is $ (Round the answer to nearest cent as needed. Type dollars and cents in the two given blanks.)K Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month is $230. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 23% on the account and that the billing date is April 1st The finance charge for the month of April is S (Round to the nearest cent as needed.) COLD Date April 5 April 6 April 10 April 12 Charged $145 for a coat Made payment of $146 Charged $28 for DVDs Charged $34 for groceries Transaction
- Consider the following credit card activity for the month of September: Date Balance September 1 $0 September 6 $563 September 14 $1,192 September 18 $1,536 September 25 $2,222 If this card's annual APR is 22.9% and the September balance is not paid during the grace period, how much interest is owed for September? • There are 30 days in September. Round your answer to the nearest dollar.QUESTION 2 Use the average daily method to find the finance charge on the credit card account for September (that will appear on the October bill). The starting balance from the previous month is 280$. The transactions on the account for the month are given below. Assume an annual interest rate of 29% on the account and that the billing date is October 1st. September has 30 days. The starting balance is 280$ Charged $123 Made a payment of $ 350 Returned a T-shirt $251 Charged $89 September 1 September 3 September 10 September 13 September 22 The finance charge is $ (Round the answer to nearest cent as needed. Type dollars and cents in the two given blanks.)Use average daily balance method to compute finance charge on credit card account for August, 31 days. The starting balance from previous month is $290. Transactions are shown below. Assume annual interest rate of 25% on the account and the billing date is august 1st. 8/3-payment of $74 8/6-charged $150 8/21 charged $20 8/28 charged $26