Rise Corp received payment from its customers for previous sales on credit. What was the impact on its working capital?
a. Increase in working capital
b. Decrease in working capital
c. No effect on working capital
d. Unable to determine
c
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When institutions are the unit of measurement, the data may be obtained from retailers, wholesalers, or households
Indicate whether the statement is true or false
Firms engage in transactions that subject them to specific financial risks. Most firms face risks—that is, variability of outcome—from changes in interest rates, foreign exchange rates, and commodity prices. Firms can purchase financial instruments to reduce these business risks, that is, to reduce the volatility of certain outcomes. Some of these instruments trade in relatively active
markets, like marketable securities, while others have specialized terms and do not trade at all. The general term used for the types of financial instruments that firms might buy to mitigate the risks is a(n) a. swaps. b. derivative. c. forwards. d. futures. e. options.
On July 18, a firm received from one of its customers, Shane Riche, a written promise to pay the firm $1,200, at 12% interest, on September 16, for merchandise that she had purchased from the firm. Which of the following statements is true?
a. Shane is the payee of the note. b. The firm is the maker of the note. c. The firm is the endorser of the note. d. Shane is the maker of the note. e. The face of the note is $1,200 plus the interest.
The weights of the contents of cans of tomato sauce produced by a company are normally distributed with a mean of 8 ounces and a standard deviation of 0.2 ounces. a.What percentage of all cans produced contain more than 8.3 ounces of tomato paste?b.What percentage of all cans produced contain less than 7.9 ounces?c.What percentage of cans contains between 7.4 and 8.3 ounces?d.Ninety-five percent of cans will contain at least how many ounces?e.What percentage of cans contains between 8.2 and 8.4 ounces?
What will be an ideal response?