Top Posters
Since Sunday
G
4
K
3
o
3
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
momoluv25 momoluv25
wrote...
Go to Answer
Posts: 152
Rep: 0 0
4 months ago
On April 1 Montreal Salsa Dance School had $1,750 in cash, and no receivables or payables. It also had 100 students whose classes finished on April 30. Thirty-five of those students paid their tuition of $500 on time (before April 30). During the month the school incurred the following costs associated with its operations: instructor salaries $25,000, rent $4,000, and $1,000 utilities. If the school's policy of paying all bills in cash at the end of each month is respected, how much does the school have to borrow to pay its bills?

▸ $30,000

▸ $10,750

▸ $12,500

▸ $0
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
jaimielaviejaimielavie
wrote...
#1
Posts: 144
Rep: 0 0
4 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

momoluv25 Author
wrote...

4 months ago
Thanks
deathDoUsPart
wrote...

Yesterday
Brilliant ツ
gefa
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1145 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 51
  
 425
  
 288
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Who's your favorite biologist?