Given the following information about cash management of the Evergreen Company: Average cash payment is $120,000 per month. The company invests spare cash in Treasury Bills at an annual interest rate of 3.90%. The cost of each transaction of Treasury bills is $25. What is the average cash balance of the Evergreen Company?   (no excel pls)   a. $21,483   b. $12,403   c. $8,771   d. $15,191   e. $42,967

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A company collected $100,000 cash from a customer who both received and was billed for the goods last quarter. Which of the following items would be increased by this cash collection transaction? (check all that apply) Cash from Operations Accounts Receivable Current Assets Cash Revenue

Use the following F/S information to answer problems 15 and 16. In its 20X1 annual report to shareholders, Heitzman & Co. provided the following Statement of Cash Flows: Years ended December 31 ($ in millions) 20X1 20X0 Operating Activities Cash Inflows: Cash received from customers $3,102 Progress payments Other collections $1.438 11,148 7,003 Proceeds from litigation settlement Interest received 220 17 17 Income tax refunds received 23 15 Other cash receipts Cash provided by operating activities Cash Outflows: 24 10 14,534 8,483 Cash paid to suppliers and employees Interest paid Income taxes paid Other cash payments Cash used in operating activities Net cash provided by operating activities 13.251 7,250 333 165 126 57 1 7,473 13,717 817 1,010 Investing Activities Payment for businesses purchased, net of cash acquired Additions to property, plant, and equipment (3,061) (393) (510) (274) Collection of note receivable 148 Proceeds from sale of property, plant, and equipment Proceeds…

Munabhai

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Denger

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If Service World has $1,950 cash, $400 of government Treasury bills purchased last month with a six-week maturity, and $940 of cash set aside for legal reasons, how much will the company report on the balance sheet as “Cash and Cash Equivalents”?

Manji