________ are players in the foreign exchange market
A) Global investment banks
B) Large multinational firms
C) Central banks
D) all of the above
Answer: D
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Acme, Inc has prepared its third quarter budget and provided the following data
Jul Aug Sep Cash collections $50,000 $39,600 $46,100 Cash payments: Purchases of direct materials 30,000 21,700 17,600 Operating expenses 12,300 8,000 11,600 Capital expenditures 13,700 24,300 0 The cash balance on June 30 is projected to be $4,100. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of July? A) $0 B) $5,000 C) $15,000 D) $10,000
The rate of return earned on an investment of $50,000 today that guarantees an annuity of $10,489 for six years is approximately ________.
A) 5% B) 7% C) 10% D) 12%
Parker Corp., which operates on a calendar year, expects to sell 4,000 units in October, and expects sales to increase 20% each month thereafter. Sales price is expected to stay constant at $8 per unit. What are budgeted revenues for the fourth quarter?
A. $116,480 B. $115,200 C. $96,000 D. $32,000
Winston is quick and decisive. He makes most decisions by himself, issues orders, and expects his subordinates to follow them without question. Winston's behavior is an example of the free-rein style of leadership.
Answer the following statement true (T) or false (F)