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    Essentials of Entrepreneurship
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    Exam 12: Creating a Successful Financial Plan
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    Concerning How Much Cash to Have at Startup, One Rule
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Concerning How Much Cash to Have at Startup, One Rule

Question 137

Question 137

True/False

Concerning how much cash to have at startup, one rule of thumb is to have enough to cover operating expenses (less depreciation)for two inventory turnover periods.

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