You are the CEO of XYZ Corporation which just received funding from friends and family totaling $125,000. You have sold your software to the following companies:
CBS $5,000 due week 1 and $5,000 week 5
Sony $3,000 due week 3 and $3,000 week 7
Netflix $2,000 due week 4 and $2,000 week 8
Amazon $7,000 due week 6
Microsoft $3,500 due week 8
Oracle $2,500 due week 8
IBM $6,000 due week 8
Facebook $3,750 due week 2 and $3,750 due week 6
Google $2,500 due week 1 and $2,500 due week 5
Apple $5,500 due week 3 and $5,500 due week 7
Expenses for XYZ are as follows:
Payroll $10,000 for weeks 1,3,5 &7 each
Rent $3,000 paid week 1 and $3,000 paid week 5
The following expenses are due at the end of each month in the following amounts
For the next eight weeks please calculate the amount of cash available at the beginning and at the end of the week. Will you have enough cash to cover your expenses? When should you begin fundraising for your seed capital round? For more information on Seed, Money read this https://en.wikipedia.org/wiki/Seed_money
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