The Gadget Company manufactures a wrist watch for spy agencies. The watch has a built-in cell phone, Geiger counter, compass, magnet and garroting wire. Forecasted sales are shown on the top row of the table
Forecasted cash inflows and outflows are also shown in the table. The cash balance at the end of May is $30,000. What is the cash balance at the end of June?
Sales Forecast Cash Budget
The Gadget Company
April May June
Sales forecast $30,000 $30,000 $30,000
Total Cash inflows $30,000 $30,000 $30,000
Total Cash Outflows $13,750 $13,750 $13,750
Net cash flow
Beginning Cash Balance
Plus: Net Cash Flows
Ending Cash Balance $30,000
A) $36,750
B) $42,250
C) $46,250
D) $46,750
E) $50,000
C
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A market skimming strategy should be used when consumer price elasticity of demand is _____
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