Forward rates are all of the following EXCEPT
A) equal to future spot rates. B) quoted in both direct and indirect form.
C) beneficial to risk-reduction. D) quoted at a premium or discount.
A
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A business enjoyed a profit and positive cash flow last year. An increase in which of the following this year, all else the same, would not affect profits but reduce cash flow?
a) the profits tax rate b) fixed costs c) depreciation allowance d) inventories e) accounts receivable
Manhattan Enterprises manufactures cookware sets and sells the sets to department stores
Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May. Sales are 15% cash and 85% on account. Compute the total budgeted sales for May. A) $752,500 B) $480,000 C) $112,875 D) $9,594,375