Jane is arguing with Joan about how much cash their small retail outlet needs as they prepare their cash budget
Jane feels that with the Christmas season coming, their busiest time, they need more cash available while Joan feels they do not because their sales volume will be up significantly. Jane and Joan are discussing which step of the cash budgeting process?
A) Determining an adequate minimum cash balance
B) Forecasting sales
C) Forecasting cash receipts
D) Forecasting cash disbursements
A
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Projects are mutually exclusive if picking one project eliminates the ability to pick the other project. This mutually exclusive situation can arise for different reasons. Which of the statements below is NOT one of these reasons?
A) One project will always have a negative NPV. B) There is a scarce resource that both projects would need. C) There is need for only one project, and both projects can fulfill that current need. D) By using funds for one project, there are not enough funds available for the other project.