Author Question: Which of the following is generally under the control of the financial manager? A) the credit ... (Read 45 times)

drink · **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

Mholman93 · **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.