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Lesson 9 Quiz

Financial Projections only need to show yearly projections
True
False
Calculation of cost of goods sold is calculated from
Cost of materials
Cost of labor to make the product
Depreciation of equipment used to make product
Shipping costs to get product to distribution
All of the above
A balance sheet
Shows a snapshot of the company at that point in time
Shows company assets, but not liabilities
Does not show inventory
How much cash reserves should a company have available?
Minimum 3 years
Minimum 2 years
Minimum 180 days
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