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

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
icon
Related questions
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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College