Answer the following questions. There are four questions

A) Cash or cash equivalent? What does each of the small business owners have?

1. Stephen has 3 ten-dollar bills and 5 singles in the register.
2. Ben owns 100 shares of AT&T
3. Eunice owns a number of United States T-bills
4. Gerald puts $100 a week into savings
5. Greg has a note from the Omea Company that states they will pay him $1000 in 90 days.
6. Jimmie took $1000 in travelers checks with him to Europe.

B) Stan was at his bankers trying to get a short term loan. I need about $10,000 for three months, just until I get things straightened out. This is my situation: I got this nice order last February from Baker Company. Their bill was due last month, but so far I havent seen anything. Now I have another big order, this time from Gisher Construction and I need to order raw materials, but I cant since Baker hasnt paid. Even when they do pay, its only about 75% of what Ill need to order to do the Gisher contract. And then, were headed into our slow months; no one much does anything through the winter. And with the hurricane down in Florida, people are thinking twice before placing their orders.

Stan was experiencing a number of cash flow problems that small businesses (and often larger businesses) face. Can you identify five problems?

C) Stan (from question B) was trying to get a short term loan from his banker to cover a temporary cash flow problem. What are other sources he should consider?

D) Renda is really confused. Ive got three different numbers here and I dont know what is right. My records show that I have $35,463 in the bank, but the bank statement says $37,428. When I called the bank to see about making a transfer payment, they said I had only $34,299 to spend. What is going on?

Can you explain what the three balances are likely to be and why they are different?