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Author Question: Rawhide Outfitters had projected its sales for the first six months of 2012 to be as follows: Jan. ... (Read 58 times)

azncindy619

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on: Jul 10, 2018
Rawhide Outfitters had projected its sales for the first six months of 2012 to be as follows:
  Jan. 50,000 April 180,000
  Feb. 60,000 May 240,000
  Mar. 100,000 June 240,000
  Cost of goods sold is 60 of sales.
 
  Purchases are made and paid for two months prior to the sale.
  40 of sales are collected in the month of the sale, 40 are collected in the month following the
  sale, and the remaining 20 in the second month following the sale. Total other cash expenses are
  40,000/month. The company's cash balance as of March 1st, 2012 is projected to be 40,000, and the
  company wants to maintain a minimum cash balance of 15,000. Excess cash will be used to retire
  short-term borrowing (if any exists). Fielding has no short-term borrowing as of March 1st, 2012.
  Assume that the interest rate on short-term borrowing is 1 per month. How much short term
  financing is needed by March 30, 2012?
  A) 70,000 B) 15,000 C) 110,000 D) 85,000

Question 2

What is the Beta for a security whose returns do not vary across states of nature (a risk-free security)?
 
  A) 0
  B) Between 0 and 1
  C) 1
  D) > 1
  E) < 0
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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chjcharjto14

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Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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azncindy619

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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