Card Sharks,Inc. Card Sharks,Inc.sells baseball cards and other memorabilia.The company tries to maintain a cash balance equivalent to approximately 30 days of sales.Sales in 2011 amounted to $352,412 and the company expects growth in 2012 of 33% and in 2013 of 40%.
Given the information provided about Card Sharks,what is the company's 2012 projected year-end cash balance?
A) $966
B) $28,965
C) $15,623
D) $38,524
Correct Answer:
Verified
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