« previous next »

Author Question: The financial manager is concerned with A) minimizing the chance of insolvency. B) maintaining ... (Read 21 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jul 10, 2018
The financial manager is concerned with
 
  A) minimizing the chance of insolvency.
  B) maintaining high levels of profitability.
  C) striking a balance between holding too much and too little cash.
  D) all of the above

Question 2

Josephine is seeking to expand her rare stamp collection. Each year, rare stamps increase in price at a three percent rate. She believes that if she invests her money for one year, she should be able to buy 16 stamps for what 15 stamps would cost today.
 
  What is her real interest rate (or reward for waiting)?
  A) Her real interest rate is about 4.23.
  B) Her real interest rate is about 5.33.
  C) Her real interest rate is about 6.33.
  D) Her real interest rate is about 6.67.


Jossy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

Answer: D
Explanation: D) The real interest rate or reward is given by - 1 where FV = 16, PV = 15 and
n = 1. We have: real interest rate or reward = - 1 = 0.0667 or 6.67.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Responsibilities of the nurse manager Responsibilities of the nurse manager
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
If you get a chance, look through popular read-aloud books for young children, such as The Very ... If you get a chance, look through popular read-aloud books for young children, such as The Very ...
Transmission of autosomal dominant disorders (50% chance for an affected child). Transmission of autosomal dominant disorders (50% chance for an affected child).
Transmission of recessive disorders (25% chance for an affected child). Transmission of recessive disorders (25% chance for an affected child).
Financial Management: Core Concepts Financial Management: Core Concepts
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library