Use the information below to answer the following questions.
Crystal Computers owns a chain of seven shops selling computer goods. In the past the company maintained a healthy cash balance. However, this has fallen in recent months, and at the end of September 2015 it had an overdraft of $100,000. In view of this, its managing director has asked you to prepare a cash forecast for the next six months. You have collected the following information:
-Refer to the table above. The projected cash balance at the end of November is
A) $25,000
B) ($120,000)
C) ($100,000)
D) ($25,000)

Question

Use the information below to answer the following questions.
Crystal Computers owns a chain of seven shops selling computer goods. In the past the company maintained a healthy cash balance. However, this has fallen in recent months, and at the end of September 2015 it had an overdraft of $100,000. In view of this, its managing director has asked you to prepare a cash forecast for the next six months. You have collected the following information: 
-Refer to the table above. The projected cash balance at the end of November is
A) $25,000 
B) ($120,000) 
C) ($100,000) 
D) ($25,000)

Quizplus · Accepted Answer

The projected cash balance at the end of November is ($120,000). This is because the beginning cash balance is $100,000, and the net cash flow for November is ($220,000).

Use the Information Below to Answer the Following Questions