Use the Following Information to Determine a Firm's "Cash Build

question 37

Multiple Choice

Use the following information to determine a firm's "cash build:" net sales = $150,000; net income = $15,000; beginning-of-period accounts receivable = $60,000; end-of-period accounts receivable = $90,000; and interest = $10,000.

• A) $10,000
• B) $15,000
• C) $30,000
• D) $60,000
• E) $120,000

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Definitions:

Assault

A deliberate verbal or physical threat; an action that makes a person fear physical interference.

False Imprisonment

Holding people against their will and without lawful authority.

Negligence

A legal concept involving the failure to act with the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Tort Action

A lawsuit brought to recover damages for a private wrong or injury that was not contracted for, such as negligence, defamation, or trespass.