The following information is available for Birch Company at December 31: Money market fund balance $2,790
Certificate of deposit maturing June 30 of next year $10,000
Postdated checks from customers $1,475
Cash in bank account $21,430
NSF checks from customers returned by bank $650
Cash in petty cash fund $200
Inventory of postage stamps $24

U. S. Treasury bill purchased on December 15 and maturing on February 28 of following year $5,000. Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:

the cash and cash equivalent is $29,420

Explanation:

The computation of cash and cash equivalent is given below:

Money market fund balance$2790

Cash in Bank Account$21,430

Cash in Petty cash funds $200

U.S Treasury bill purchased on Dec.15 $5,000

cash and cash equivalent $29420

Hence, the cash and cash equivalent is $29,420

The same is to be considered and relevant too

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.