Dave's Wax Inc

question 23

Multiple Choice

Dave's Wax Inc.'s financial planners have projected a growth rate of 8% for the coming year.Currently,it has assets of $5,000,000 and retained earnings of $120,000.Calculate the amount of external financing Dave will need.

• A) $0
• B) $70,000
• C) $184,000
• D) $280,000

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Definitions:

Spanish Colonization

This term refers to the period during which Spain expanded its territories across the world, including in the Americas, from the late 15th to early 19th centuries, establishing control and spreading their culture.

Americas

A term collectively referring to the continents of North and South America, including Central America and the Caribbean, characterized by diverse cultures, histories, and ecosystems.

Indian Civilizations

Advanced societies and cultures that existed in the Americas before the arrival of Europeans, including the Aztec, Maya, and Inca empires.

Mesoamerican Civilizations

Pre-Columbian societies in Central and North America known for their advanced architectural, mathematical, and astronomical achievements, including the Aztec and Maya.