Gemini Inc.'s optimal cash transfer amount, using the Baumol model, is $60,000. The firm's fixed cost per cash transfer of marketable securities to cash is $180, and the total cash needed for transactions annually is $960,000. On what opportunity cost of holding cash was this analysis based?
A. 19.2%
B. 10.4%
C. 6.3%
D. 12.1%
E. 9.6%
Answer: E
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______ is a means of self-promotion as well as a vehicle to express your interest in another.
Fill in the blank(s) with the appropriate word(s).
An income statement reports revenues earned minus expenses incurred over a period of time.
Answer the following statement true (T) or false (F)
Both the Justice Department and the Federal Trade Commission have the authority to enforce antitrust laws
a. True b. False Indicate whether the statement is true or false
Gale Corporation recently issued 270-day commercial paper with a face value of $100,000 and a simple interest rate of 11 percent. Assuming there are 360 days in a year, what is the commercial paper's annual percentage rate (APR)? The firm incurs no transaction costs to issue the commercial paper.
A. 11.99% B. 6.74% C. 11.00% D. 8.25% E. 8.99%