Chapter 7 Quiz - Quiz Questions for Chapter 7 1 Strategic...

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Quiz Questions for Chapter 7 1. Strategic planning focuses on a. short-range decisions. b. intermediate-range decisions. c. sales targets. d. long-range decisions. 2. A plan that formalizes in financial terms the overall goals and objectives of a company is called a 3. The beginning inventory is expected to be 2,000 cases. Expected sales are 10,000 cases, and the company wishes to begin the next period with an inventory of 1,000 cases. The number of cases the company must purchase during the month is 4. Cash receipts for January are expected to total $171,000. Cash disbursements for January are expected to be $158,000. The company’s minimum desired cash balance is $10,000. It started the period with $35,000. What is the expected cash balance at the end of January?
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