Assume the owner gets a cash disbursement in Oct of 45,000 , Nov of 51,000 , and
Dec of 52,000 Assume wages and salaries are 48 % of gross monthly sales Assume rent is $ 9500 a month Assume utilities are 5 % of gross monthly Assume a tax prepayment of $ 16,000 in October Assume bank interest on the note is $ 15000 / month Assume a depreciation expense of $ 15,000 in December
Answer the questions : Does the firm need to borrow money at the end of the year to meet expenses ?
Why or why not ?
AB 209 Unit 2 Assignment Recruitment ( Adolescent Obesity Center )
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