Multiple Choice
Use the following information to answer the question:
Sales for 2000 are projected to be $25,000; The firm currently uses straight line depreciation; No new equipment purchases are planned for 2000; There will be a 100% earnings distribution for 2000. The current assets, accounts payable, and accrued expenses vary at a constant percent of sales as do COGS and selling expenses. Assume that notes payable is paid off in 2000.
-Forecasted additional funds needed are:
A) $1,675
B) ($1,500)
C) $9,750
D) 0
Correct Answer:

Verified
Correct Answer:
Verified
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