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a. If you could pick a single source of cash for your business, what would it be? Why?b. How can a business earn large profits but have a small balance in Retained Earnings?c. How can a business lose money for many years and still have plenty cash?d. Give two reasons why a business can be profitable for many years and still have a cash shortage?
e. Suppose your business has $80,000 worth of liabilities that must be paid within the next three months. Your liquid (can be turned into cash quickly) assets total only $60,000, your sales and collections from customers are slow. Identify two ways to finance the remaining $20,000 you will need, so you can pay all of the liabilities when they are due.
What price should be set for the product? Which of the prices evaluated above would the company as a whole most prefer?
Total dollar of each of the elements of the accounting equation
Determine the 2004 ROI for each division and Rashid, manager of Division A, is supposing a proposal to invest 250 million rials for modern equipment.
Determine the cost of goods manufactured for February.
Prepare the entry Doeby will record to reflect this additional acquisition.
Determine the average cost per patient-day
A customer places 10 orders with a total direct cost of $3,000, orders 300 separate items, and makes 5 returns. Evaluate the customer be charged?
Purpose a schedule showing the determination of goodwill,
ABC Company sells widgets in three varieties (red, yellow and blue) but has lost money for the past three years.
Evaluate her net pay for the eight days' work paid on February 26.
Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.
Show a qualified opinion on the financial statements because of the client imposed scope limitation.
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