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Author Question: Which of the following is generally under the control of the financial manager? A) the credit ... (Read 57 times)

drink

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on: Jul 10, 2018
Which of the following is generally under the control of the financial manager?
 
  A) the credit policies B) the actual level of sales
  C) the percentage of credit sales to total sales D) A and B

Question 2

In a stream of past dividends, the initial dividend is 0.75 and the most recent dividend is 1.25. The number of years between these two dividends (n) is 8 years. What is the average growth rate during this eight-year period?
 
  Use a calculator to determine your answer.
  A) 6.59
  B) 6.62
  C) 6.69
  D) 6.72


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Mholman93

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

Answer: A
Explanation: A) With N = 8, PV = -0.75, FV = 1.25, and PMT = 0, we get I/Y = 6.5936, or about 6.59.


drink

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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