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Company B wants to build a new $10,000,000 production facility next year. Company B has $5,000,000 in cash in the bank and has decided that
Company B wants to build a new $10,000,000 production facility next year. Company B has $5,000,000 in cash in the bank and has decided that it needs $1,000,000 in cash in the bank to run the business. Company B expects to make profit of $1,000,000 this year. How much money does Company B need to raise? $9,000,000 $4,000,000 $10,000,000 $5,000,000 Question 34 1 pts The difference between Finance and Accounting can be described (in an oversimplified and overly generalized manner) as: Finance deals with Financial Plans and Models, Accounting deals with recording transaction and creating financial statements. Accounting employees work in the world of GAAP. Finance employees focus on cash accounting. Accounting focusses on the past and the present. Finance focusses on the present and the future. Accounting deals with financial data. Finance deals with raising capital
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