1. Create a mock balance sheet. Include numbers for each component (e.g. Current assets are 2,030, etc.). What areas within the balance sheet are involved networking capital? What is the formula for net working capital and the answer in your example?

2. Yun Company is in the process of preparing its budget for the next fiscal year. The company has had problems controlling costs in prior years and had decided to adopt a flexible budgeting system this year. Many of its costs contain both fixed and variable cost components. A method that can be used to separate costs into fixed and variable components is A. Linear programming. B. Simulation. C. Time series or trend analysis. D. Regression analysis.