If a firm distributes a larger proportion of its earnings, the external need for finance is reduced.?
Answer the following statement true (T) or false (F)
False
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All of the following are important elements of internal control over cash except ?
A) a petty cash system. B) a cash reserve. C) a bank reconciliation. D) the daily deposit of all receipts.
You are considering the following bonds to include in your portfolio:
a) Determine the highest price you would be willing to pay for each of these bonds using the PV function. Also find whether the bond is undervalued, overvalued, or fairly valued.
b) Determine the yield to maturity on these bonds using the Rate function assuming that you purchase them at the given price. Also calculate the current yield of each bond.
c) Determine the yield to call of each bond using the Rate function if the time to first call and the call premium are the following:
d) Assume the following settlement dates for each bond:
Use the Price and Yield functions to recalculate your answers on parts (a), (b), and (c).
e) Determine the duration, the modified duration, and the convexity of each bond.
Erica Jenson has a limited budget to conduct market research. Which of the following research approaches would provide Erica with the most cost-effective way to reach a large number of respondents in a short period?
A) telephone surveys B) personal interviews C) Internet-based surveys D) mail surveys E) focus group interviews
Receipts from cash sales of $1,000 were recorded incorrectly in the journal as $10,000 . This item would be included on the bank reconciliation as a(n) ________ the balance per ________
a. addition to; bank statement b. deduction from; depositor's records c. addition to; depositor's records d. deduction from; bank statement