Multiple Choice
A services firm does all its business in cash only. The firm projects a cash balance of $2,000 in its account after all taxes and costs are paid. The owners plan to invest $5,000 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
Correct Answer:
Verified
Correct Answer:
Verified
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