Which of the following sections from the statement of cash flows includes borrowing cash and paying off loans?
A) the investing activities section
B) the operating activities section
C) the financing activities section
D) the non-cash investing and financing section
C) the financing activities section
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Liquidated damages can be claimed in addition to actual damages
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O'Reilly, Inc has prepared its third quarter budget and provided the following data
Jul Aug Sep Cash collections $51,000 $39,700 $47,900 Cash payments: Purchases of direct materials 30,000 21,900 17,000 Operating expenses 12,200 8,100 11,300 Capital expenditures 13,400 24,700 0 The cash balance on June 30 is projected to be $4,500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the amount of principal repayment at the end of September. A) $5,000 B) $10,000 C) $15,000 D) $20,000
Fine Art Salon and Spa recently hired Natalie as a receptionist. Her job mainly involves greeting customers, booking appointments, and connecting customer calls to the appropriate department. One of the walk-in customers asked Natalie to recommend a natural treatment to reduce the dryness on his skin. Natalie replied that he would have to wait to meet the spa manager, as this was not her job. How should the manager at the Spa react to Natalie's response?
A. The manager should ask Natalie not to interact with walk-in customers in any situation. B. The manager should be happy that Natalie is not deviating from the job description. C. The manager should train her so that she knows about the spa's products and how to sell them. D. The manager should demote Natalie to a much lower position. E. The manager should promote Natalie to the position of a customer service rep.