Rajiv Financial Services had a cash balance on March 1, 2013 of $1,002,988. Its cash receipts for the month of March totaled $2,744,042. Sales on account for the month amounted to $1,370,880 with cash receipts from these sales to be received in April. Cash expenses for March were $955,968. Purchases on account for March amounted to $252,301 with 30 day payment terms. What is the cash balance for Rajiv Financial Services as of March 31, 2013

Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.