Even though Miriam projected an annual positive cash flow, she may run out of cash if:
A) customers use debit cards for their purchases.
B) her sales are seasonal.
C) sales exceed her projections.
D) she finds a less expensive supplier.
B
Business
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A condominium association may do all of the following except:
a. elect a board of Directors b. interview prospective buyers c. award contracts to tradesmen d. assess unit owners a fee to cover the cost of maintenance and repairs
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What is the most important duty of a firm's financial officer?
A) to ensure that the firm has enough cash on hand to meet its commitments at any given time B) to decide how to pay for investments C) to manage working capital D) to make investment decisions
Business