Financial data for a company is provided below: Cash, end of year, $500,000 Estimation of yearly cash

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Financial data for a company is provided below:

Cash, end of year, $500,000

Estimation of yearly cash expenses from negative cash flows from operations on statement of cash flows, $(155,000)

Cash, beginning of year, $400,000

Accounts receivable, $10,000

Inventory, $20,000

Net Income for the year

How many months will the company be able to continue without positive cash flows or additional financing (round to nearest whole month)?

12 months

25 months

39 months

16 months

Related Book For answer-question

Applied Statistics in Business and Economics

ISBN: 978-0073521480

4th edition

Authors: David Doane, Lori Seward

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Posted Date: Jul 04, 2019 11:56 AM

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Financial data for a company is provided below: Cash, end of year, $500,000 Estimation of yearly cash

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Explanation In given data estimated negative cash flow from operation is 155000 this is assumed tha... View the full answer

Applied Statistics in Business and Economics

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