Question
Panther Company reported the following as of and for its year ended December 31, 2020 (in thousands) Cash used in operating activities $(1,640) Capital expenditures
Panther Company reported the following as of and for its year ended December 31, 2020 (in thousands)
Cash used in operating activities $(1,640)
Capital expenditures $ 550
Cash on hand $ 600
Based on this information, please answer the following:
A. How many days does Panther Company have before it runs out of cash?
B. Describe possible actions Panther Company could take before it runs out of cash.
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Answer 00 days cash position change Binn Rate Totel change specipied time peniod Total change 21 ...
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
