Table 1 Dunder Company's Projected Sales for the First Six Months of Months

question 21

Multiple Choice

Table 1
Dunder Company's projected sales for the first six months of 2017 are given below:
25% of sales is collected in cash at the time of the sale, 50% is collected in the month following the sale and the remaining 25% is collected in the second month following the sale.Cost of goods sold is 75% of sales.Purchases are made in the month prior to the sale, and payments for purchases are made in the month of the sale.Total other cash expenses are $60,000/month.The company's cash balance as of February 28, 2017, will be $40,000.Excess cash will be used to retire short-term borrowing (if any) .Dunder has no short-term borrowing as of February 28, 2017.Assume that the interest rate on short-term borrowing is 1% per month.The company must have a minimum cash balance of $25,000 at the beginning of each month.Round all answers to the nearest $100.
-Based on the information in Table 1, what is Dunder Company's projected EBIT for March 2017?

• A)($10,000)
• B)($30,000)
• C)$70,000
• D)None of the above

Understand the characteristics and symptoms of mood disorders.

Identify the types of hallucinations and delusions and their implications in mental health.

Comprehend the role of stress in the onset and relapse of mood disorders.

Recognize the classifications and characteristics of different mental disorders including personality disorders.

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Definitions:

In-The-Money

This describes an option that has intrinsic value, being a call option with a strike price below the current market price or a put option with a strike price above the current market price.

Stock Price

The current market price at which a share of a company's stock can be bought or sold.

Intrinsic Value

The actual, inherent value of an asset, independent of its market price.