Question 1
Many new businesses fail
not because they are unprofitable, but because
◦ they do not have the expertise to maintain the business.
◦ there is a declining demand for the products.
◦ they run out of cash.
◦ they do not have adequate inventory.
Question 2
Trail Industries is preparing its cash budget for the third quarter of the current year. Sales for the third quarter are budgeted at $870,000 ($290,000 per month). Sales are 80% cash, with the remaining 20% on credit which is collected in the month following the month of sale. On June 30, the cash balance is $48,000, and the Accounts Receivable (all related to June sales) balance is $51,000. Operating expenses for the quarter are budgeted at $464,000, which includes $18,000 of depreciation. Cash expenses are paid in the month incurred. Cash purchases for merchandise inventory are budgeted at $392,000 for the quarter. What is the projected cash balance at the end of the third quarter?
◦ $131,000
◦ $4,000
◦ $73,000
◦ $113,000
Preparing Slides
Preparing Slides
Jet streams and Earth’s heat budget
Preparing Canapés ( 4 of 5)
Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...