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NEW QUESTION: 1
What should an analyst look for when evaluating a firm's cash and cash equivalent position that would cause the firm's cash position to be less liquid?
A. The amount of stock dividends required during the coming year.
B. Potential limitations on the use of cash such as restricted balances.
C. The amount of deposit collection float.
D. All of these answers.
E. None of these answers.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Companies may have restrictions place upon the disposition of the cash position. For example, a firm may maintain cash equivalents that are earmarked for plant expansion, sinking fund payments, or legally restricted compensation balance requirements. A careful review of the firm's operations must be undertaken to uncover any cash or cash equivalents that are restricted from use in the general operation of the business.

NEW QUESTION: 2
You run the following code.

What will the value of the variable iResult be?
A. 0
B. 1
C. 2
D. 3
Answer: A

NEW QUESTION: 3
A customer, operating in isolated foreign market, has approached the head salesperson for Product Line I and offered to purchase 4.000 units of a special-order product over the next 12 months_ This product would be sold in the same as Product Line 1's other products except that the customer is hoping for a price break. Product Line 1's cost to purchase this product cost of sales) would be US $14.70. Product Line 1 has excess capacity, meaning that the rate or amount of the remaining operating costs would not change as a consequence of the purchase and sale of this special- order product. The minimum selling price for this special-order product would be:
A. US $15.00
B. US $27.50
C. US $17.30
D. US $30.20
Answer: A
Explanation:
Product Line I needs to cover its variable out-of-pocket costs as a minimum on this special-order product: therefore, any soiling pr1Sr ester than the variable cost will contribute towards profits. Thus, the minimum selling price of the special-order product is the variable cost divided by 1 minus the commission rate, or US$15 1$14.70 / 1.0 - 0.2)].

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