Business, 04.09.2020 14:01 ja3698198

Philip Morris expects the sales for his clothing company to be $530,000 next year. Philip notes that net assets (Assets − Liabilities) will remain unchanged. His clothing firm will enjoy a 10 percent return on total sales. He will start the year with $130,000 in the bank. What will Philip's ending cash balance be?

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Philip Morris expects the sales for his clothing company to be $530,000 next year. Philip notes that...

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