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Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?.
Explanation: The only funding needed is the difference between revenue and expense. For year 1: funding required is $9,000 -$5000 = $4000 For year 2: funding required is$ 9,000 - $8000 = $1000 For year 3: funding required is $9000 -$10,000 = -$1000 cumulative funding = $4000, + $1000 + (-$1000) =$5000 - $1000 =$4000
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