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Author Question: In the month of August, a firm had total cash receipts of 10,000, total cash disbursements of 8,000, ... (Read 151 times)

ss2343

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In the month of August, a firm had total cash receipts of 10,000, total cash disbursements of 8,000, depreciation expense of 1,000, a minimum cash balance of 3,000, and a beginning cash balance of 500. At the end of August, the firm ________.
 
  A) required total financing of 500
  B) had an excess cash balance of 5,500
  C) had an excess cash balance of 500
  D) required total financing of 2,500

Question 2

Because most preferred stocks are perpetuities, their value can be determined by dividing the
  annual dividend by an investor's required return.
 
  Indicate whether the statement is true or false


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fatboyy09

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ss2343

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Reply 2 on: Jul 10, 2018
Wow, this really help


shewald78

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

 

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