D&R Products Forecast Its Cash Requirements for Year One at 4

question 26

Multiple Choice

D&R Products forecast its cash requirements for year one at 4% of sales, resulting in a $10,000 cash need. The cash will be reflected in the balance sheet as _____.

• A) gross fixed assets
• B) net fixed assets
• C) current assets
• D) accounts receivable

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Definitions:

Commitments

Promises or obligations that an individual has agreed to fulfill, often requiring dedication and hard work.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Theory

A set of principles on which the practice of an activity is based, or an idea used to account for a situation or justify a course of action.

Agreeableness

Agreeableness is a personality trait characterized by being kind, sympathetic, cooperative, warm, and considerate towards others.