The main reasons small businesses fail are poor management skills on the part of owners, inadequate capital, and poor planning.
Answer the following statement true (T) or false (F)
True
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The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June.
Lyon Corp. has provided a part of its budget for the second quarter:
A) $115,300
B) $37,800
C) $81,300
D) $65,300
Which method of preparing the statement of cash flows starts with the components of income, the individual revenues and expenses, but not gains and losses, then adds or subtracts the same balance sheet changes involving the same operating accounts?
a. direct method b. fixed method c. indirect method d. funds flow method e. predetermined method
____ do you think will be our next president?
A) Who B) Whom