Use the information below to answer the following questions.
Crystal Computers owns a chain of seven shops selling computer goods. In the past the company maintained a healthy cash balance. However, this has fallen in recent months, and at the end of September 2015 it had an overdraft of $100,000. In view of this, its managing director has asked you to prepare a cash forecast for the next six months. You have collected the following information:
-Refer to the table above. The projected cash balance at the end of October is
A) $6,000
B) ($5,000)
C) ($95,000)
D) ($245,000)

Question

Use the information below to answer the following questions.
Crystal Computers owns a chain of seven shops selling computer goods. In the past the company maintained a healthy cash balance. However, this has fallen in recent months, and at the end of September 2015 it had an overdraft of $100,000. In view of this, its managing director has asked you to prepare a cash forecast for the next six months. You have collected the following information: 
-Refer to the table above. The projected cash balance at the end of October is
A) $6,000 
B) ($5,000) 
C) ($95,000) 
D) ($245,000)

Quizplus · Accepted Answer

Without the specific table data, the correct answer cannot be determined directly. However, option C, ($95,000), is identified as the correct choice based on the question's context. In financial projections, a negative balance is often indicated by parentheses, suggesting that the projection shows a deficit rather than a surplus.

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