The cash balance on June 30 is projected to be $4500. 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 4%. 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. Calculate the final projected cash balance at the end of September.
Malachi, Inc. has prepared its third quarter budget and provided the following data:
A) $21,584
B) $6584
C) $8367
D) $54,967
B) $6584
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Kristen and Haley are employees of a publishing house and work together on the same team. Kristen believes that Haley hails from an individualistic culture. Which statement, if true, strengthens Kristen's belief?
A. Haley focuses on self-development and puts her needs before those of the group. B. Haley prioritizes helping her team members attain their career advancement goals. C. Haley places emphasis on achieving upward social mobility by fulfilling common goals. D. Haley prefers decision making through her team members' participation in management. E. Haley's traits are typical of those from cultures that expect protection from the community.
An actionable segment is one that
A. allows the marketing mix to operate. B. has resources to purchase the product. C. can be moved through advertising. D. perceives that the product line is useful.
Dirk, an employee of Ergonomic Elevators, Inc, pays Ferbie, an employee of Ergonomics' competitor G-Force Risers Company, for a secret G-Forcepricing schedule. This is
a. an effective marketing strategy. b. commercial bribery. c. creative legal bookkeeping. d. money laundering.
Which of the following is the main lesson that analysts and investors should take from the cases of Enron and WorldCom?
A) The usefulness of financial statements to investors is entirely dependent on the ethics of those constructing them. B) It is not possible to effectively evaluate a company unless all the financial statements are fully and correctly prepared. C) The information in financial statements should be viewed extremely critically. D) Readers of even fraudulent financial statements can spot signs of a firm's financial health, if those statements are read fully and with care.