The management of River Corporation is considering the purch…

The management of River Corporation is considering the purchase of a new machine costing $380,000. The company’s desired rate of return is 6%.  In addition to the foregoing information, use the following data in determining the acceptability of this investment:   Year Income from Operations Net Cash Flow 1 $20,000 $95,000 2 20,000 95,000 3 20,000 95,000 4 20,000 95,000 5 20,000 95,000 What is the net present value for this investment?

Southern Company is preparing a cash budget for April. The c…

Southern Company is preparing a cash budget for April. The company has $12,000 cash at the beginning of April and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during April. Southern Company has an agreement with its bank to maintain a minimum cash balance of $10,000. What must the company do to maintain the required balance during April?