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A company had 30 million in total sales last year and expects 40 million in total sales this year. 10% of each year's sales are
A company had 30 million in total sales last year and expects 40 million in total sales this year. 10% of each year's sales are on credit that will be paid the following year. The company anticipates the following expenses for this year:
Depreciation of 5 million.
Labor, materials, taxes, and other expenses of 51 million.
Assume the company begins this year with a zero cash balance. At the end of this year, the company will have a cash deficit of
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