Budgeting & Forecasting: Bills you will pay now
Not what you're looking for?
It is the 14th of the month and you currently have $2,500 in your company checking account. You have a bank line of credit that charges 6% interest on the outstanding balances.
You have the following taxes which are payable on the 15th: Federal payroll taxes payable $700, State sales taxes payable $1,000. You also have the following bills, Vendor A (delivered on the 1st with terms of 2/15 net 30) $1,500, Vendor B (delivered on the 10th with terms of 2/10 net 30) $2,000.
Which bills will you pay now? Will you use your line of credit to pay any of these bills?
Purchase this Solution
Solution Summary
The expert examines budgeting and forecasting for bills you pay now.
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.