Indiana Wood can be best classified as a(n) ________

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

Jul Aug Sep Cash collections $50,000 $39,600 $46,100 Cash payments: Purchases of direct materials 30,000 21,700 17,600 Operating expenses 12,300 8,000 11,600 Capital expenditures 13,700 24,300 0 The cash balance on June 30 is projected to be $4,100. 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. How much will the company have to borrow at the end of July? A) $0 B) $5,000 C) $15,000 D) $10,000

Describe the concept of brand personality

What will be an ideal response?