A services firm does all its business in cash only. The firm projects a cash balance of $3,000 in its account after all taxes and costs are paid. The owners plan to invest $8,000 and pay a dividend of $1000. How much net new financing is needed?
A) $4,000
B) $5,000
C) $6,000
D) $7,000
Answer: C
You might also like to view...
Which of the following has research shown to be positively correlated with better ethical decision making?
a. quicker ethical reflection b. deontology c. lower idealism d. high rationality
Which of the following is being followed as a guiding principle by a company that produces and heavily markets cigarettes, with many promotions aimed at young (although legal age) nonsmokers?
A) the philosophy that companies should have a social conscience and be morally responsible for current and future populations B) the philosophy that companies can do in good conscience whatever the market and legal systems allow C) the philosophy of environmentalism D) the philosophy of consumer-oriented marketing E) the philosophy of consumerism
A growing number of professional buyers have completed training in negotiation
Indicate whether the statement is true or false
Which of the following statements is correct?
a. It is much easier for a government employer to test an employee for drugs or alcohol than it is for a private employer. b. Generally speaking, in most states, it is easier for a private employer than the government to test an employee for drugs or alcohol. c. Neither may test for drugs or alcohol. d. Both may test for drugs or alcohol without restriction.