An agreement whereby the parties to a contract agree to accept something different in

McIntyre, Inc has prepared its third quarter budget and provided the following data

Jul Aug Sep Cash collections $50,000 $39,900 $46,000 Cash payments: Purchases of direct materials 31,000 22,000 17,500 Operating expenses 12,200 8,700 11,300 Capital expenditures 13,600 24,300 0 The cash balance on June 30 is projected to be $4,500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the final projected cash balance at the end of August taking into consideration all the financing transactions. A) $7,558 B) $(7,442 ) C) $47,600 D) $15,000

In order to clearly differentiate themselves from competitors, retailers must keep merchandise and prices always consistent

Indicate whether the statement is true or false