Karim Corp. requires a minimum $8,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% inter
est per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,400 and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) are: July August September
Cash receipts $ 20,000 $ 26,000 $ 40,000
Cash disbursements 28,000 30,000 22,000
An overview within psychology that highlight the potential
for of human to be good and that is nature of human is Humanism. Observable actions of humans and nonhuman
animals it is also the scientific study of mind and behavior. Behavior is biological, but our behavior is
influenced by our interactions with others.
It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.
<h3>What is a board of directors and board of advisors? </h3>
A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.
In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.
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