The financial manager typically cannot control the level of ...

[kodithompson]

The financial manager typically cannot control the level of credit sales, and hence the company's
  investment in accounts receivable, as the level of credit sales is determined in large part by the
  nature of the business enterprise.
 
  Indicate whether the statement is true or false

Question 2

Three years from now you will begin receiving annual payments of 7,200. This will continue for 14 years. At a discount rate of 5.8, what is the present value of this stream of cash flows?
 
  A) 60,534.84
  B) 57,216.29
  C) 64,045.86
  D) 54,523.00
  E) 51,253.11

[Silverbeard98]

Answer to Question 1

TRUE

Answer to Question 2

A

[kodithompson]

TYSM

[Viet Thy]

Thanks for the timely response, appreciate it