TPE’s cashflow swings over the calendar year. Revenues come in early when students enroll in summer camps before June. In the summer, the camp pays camp counselors, rents performance locations, and buys gasoline for the buses. TPE needs to be disciplined about expenses in the spring, when the bank account is fat, so they can pay everyone through the summer. For this, TPE needs .a. an income statement. b. a budget. c. a balance sheet statement.

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.