Zinc Corporation is developing its cash budget for this month. Each month, the firm manufactures and sells $15,000 of products, and it pays $10,000 for wages, taxes, cost of goods sold, and other operating expenses. Zinc has nothing in its checking account even though its target cash balance is $8,000. What amount will Zinc show on the “bottom line” of its cash budget for this month? That is, what will be Zinc's cash position? Group of answer choices Zinc has surplus cash of $6,000. Zinc has a cash shortfall of $23,000. Zinc has surplus cash of $8,000. Zinc has a cash shortfall of $3,000. Zinc has surplus cash of $20,000.
Zinc Corporation is developing its cash budget for this month. Each month, the firm manufactures and sells $15,000 of products, and it pays $10,000 for wages, taxes, cost of goods sold, and other operating expenses. Zinc has nothing in its checking account even though its target cash balance is $8,000. What amount will Zinc show on the “bottom line” of its cash budget for this month? That is, what will be Zinc's cash position? Group of answer choices Zinc has surplus cash of $6,000. Zinc has a cash shortfall of $23,000. Zinc has surplus cash of $8,000. Zinc has a cash shortfall of $3,000. Zinc has surplus cash of $20,000.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Zinc Corporation is developing its cash budget for this month. Each month, the firm manufactures and sells $15,000 of products, and it pays $10,000 for wages, taxes, cost of goods sold, and other operating expenses. Zinc has nothing in its checking account even though its target cash balance is $8,000. What amount will Zinc show on the “bottom line” of its cash budget for this month? That is, what will be Zinc's cash position?
Group of answer choices
Zinc has surplus cash of $6,000.
Zinc has a cash shortfall of $23,000.
Zinc has surplus cash of $8,000.
Zinc has a cash shortfall of $3,000.
Zinc has surplus cash of $20,000.
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