Which of the following are most likely to provide currency forward contracts to their customers?
a. commercial banks
b. international mutual funds
c. brokerage firms
d. insurance companies
a
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Which is a model that shows that further advertising and promotion expenditures may result in adverse effects on profits?
A) a sales-response function B) a marginal analysis C) average return on investment curve D) promotions opportunity curve
Of the following consumer promotions, the best for encouraging consumers to try a new product is:
A) coupons B) sampling C) premiums D) contests or sweepstakes
If the original agreement was oral, a subsequent oral modification, which brings the resulting contract within the statute of frauds, is binding on and enforceable by the parties
a. True b. False Indicate whether the statement is true or false
You have been asked to forecast the additional funds needed (AFN) for Houston, Hargrove, & Worthington (HHW), which is planning its operation for the coming year. The firm is operating at full capacity. Data for use in the forecast are shown below. However, the CEO is concerned about the impact of a change in the payout ratio from the 10% that was used in the past to 50%, which the firm's investment bankers have recommended. Based on the AFN equation, by how much would the AFN for the coming year change if HHW increased the payout from 10% to the new and higher level? All dollars are in millions.
Last year's sales = S0$300.0 Last year's accounts payable$50.0 Sales growth rate = g40% Last year's notes payable$15.0 Last year's total assets = A0*$500.0 Last year's accruals$20.0 Last year's profit margin = PM20.0% Initial payout ratio10.0% A. $31.9 B. $33.6 C. $35.3 D. $37.0 E. $38.9