Solved

A Services Firm Does All Its Business in Cash Only

Question 115

Multiple Choice

A services firm does all its business in cash only.The firm projects a cash balance of of $2000 in its account after all taxes and costs are paid.The owners plan to invest $5000 and pay a dividend of $1000.How much net new financing is needed?


A) $4000
B) $5000
C) $6000
D) $7000
E) $8000

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