Answered: c. Look for ways to reduce committed…

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

A. Assume that you have completed your plans and proformas for the next year of operations. Your proformas indicate that you will have $300,000 less cash than you think you will need. What would you most likely do from the following list?

a. Reduce cost of quality costs by $300,000

b. Hope that the upcoming year unfolds better than your projections and that you will have at least $300,000 more in cash that you thought you would have

c. Look for ways to reduce committed fixed expenses by $300,000

d. Look for ways to reduce discretionary fixed expenses by $300,000

B. Assume that you have completed your plans and proformas for the next year of operations. Your proformas indicate that you will have $40,000 less cash than you think you will need. What would you most likely do from the following list?

a. Develop a plan to reduce inventory by $40,000

b. Eliminate the employees’ holiday and summer parties, and eliminate the holiday ham given to each employee to reduce expenses

c. Hope the upcoming year is better than your projections

d. Increase the days to pay for customers by 5 days

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