A country experiencing a serious BOT ________ is more likely to ________ exports than otherwise

Assuming that the firm can either hold cash paying no interest or invest in marketable securities, which of the following might induce the manager to hold higher cash balances?

A) bank interest rates are expected to increase B) future cash flows are relatively predictable C) the cost of cash balances is relatively high D) the cost of borrowing is high relative to interest rates on marketable securities

To develop the cost of goods sold budget, it is necessary to start by calculating the projected cost to produce each unit

Indicate whether the statement is true or false