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Ashish Bajaj

· started a discussion

· 1 Months ago

give a practical example for this (Question: 187239.0 )

example needed

Question:
Which of the following would be considered a application of funds?
Options:
A) a decrease in accounts receivable.
B) a decrease in cash.
C) an increase in account payable.
D) an increase in cash.
E)

None of these

Solution:
Ans (d)

Knowledge Expert

· commented

· 1 Months ago

Uses of Funds:
Facilities Costs Rs.120,000
Equipment and Vehicles Rs.325,000
Supplies and Advertising Rs.49,000
Other Startup Costs Rs.13,000
Total Startup Costs Rs.507,000
Working Capital Required Rs.100,000
Total Uses of Funds Rs.607,000

Sources of Funds:
Owner Collateral:
IRA Rs.50,000
Owner Savings Rs.10,000
Home Equity Rs.30,000
Total Collateral Rs.90,000
Total to be Financed Rs.517,000
Total Sources of Cash Rs.607,000
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