Speedy Runner Makes Running Shoes and They Have Gathered the Following

question 116

Multiple Choice

Speedy Runner makes running shoes and they have gathered the following data for the month of October: Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. What is Speedy Runner's cash excess or cash deficiency at the end of October?

• A)$3,300 cash excess
• B)$3,300 cash deficiency
• C)$203,300 cash excess
• D)$12,000 cash deficiency

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Definitions:

Human Capital Stocks

The accumulated skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Organizational Requirements

The necessary conditions, capabilities, resources, and systems an organization needs to achieve its objectives.

Resource Constraint

Limitations or restrictions on available resources, such as time, money, or manpower, which can affect project outcomes or business operations.

Scarcity

This refers to the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.