In October, a firm had an ending cash balance of 35,000. In November, the firm had a net cash flow of 40,000. The minimum cash balance required by the firm is 25,000. At the end of November, the firm had ________.
A) an excess cash balance of 50,000
B) an excess cash balance of 75,000
C) required total financing of 15,000
D) required total financing of 5,000
Question 2
In two years Boris plans to enroll at Cleese University, a prestigious university in the Pacific Northwest of the USA.
If the current tuition is 23,500 per year and is expected to increase at a rate of 6 per year, how much will Boris pay in tuition his first year of school? (His first tuition payment is exactly two years from today.) In his fourth year? (His last tuition payment is exactly 5 years from today) (Rounded to the nearest dollar.)
A) 23,500 and 29,668
B) 26,405 and 29,668
C) 23,500 and 31,448
D) 26,405 and 31,448
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The regions of the colon beginning with the cecum and ending at the anus.
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