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KIM [24]
3 years ago
5

Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of

years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?
a) $0
b) $1,000
c) $4,000
d) $50,000
Business
1 answer:
cupoosta [38]3 years ago
4 0

Answer:

c) $4,000

Explanation:

The only funding needed is the difference between revenue and expense.

For year 1: funding required is $9,000 -$5000 = $4000

For year 2: funding required is$ 9,000 - $8000 = $1000

For year 3: funding required is $9000 -$10,000 = -$1000

cumulative funding = $4000, + $1000 + (-$1000)

=$5000 - $1000

=$4000

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