Does the firm need to borrow money at the end of the year to meet expenses? Explain.

Instructions: For this Assignment, estimate a Profit & Loss Statement for Scenario A OR Scenario B as seen below.

Once you view the Unit 10 Assignment Spreadsheet, you will see where to enter the monthly totals. Review your spreadsheet totals and answer the following questions:

Does the firm need to borrow money at the end of the year to meet expenses? Explain why or why not? If the firm does need to borrow money, how much would you recommend and from what source(s)? Make sure to provide a detailed explanation in which you take into account all aspects of the profit and loss spreadsheet.

 

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