A services firm does all its business in cash only. The firm projects a cash balance of $3,000 in its account after all taxes and costs are paid. The owners plan to invest $8,000 and pay a dividend of $1000. How much net new financing is needed?

Which of the following is not true about the use of apps?

A) The average U.S. consumer spends over three hours a day using apps. B) Users still spend less time using apps than they do using desktops or mobile websites. C) Apps are easier to control and monetize than websites. D) Around 280 million people worldwide launch a smartphone app more than 60 times a day.

Which of the following statements about moving averages is not true?

A) It can be used to smooth a series. B) It gives equal weight to all values in the computation. C) It gives greater weight to more recent data. D) It is simpler than the method of exponential smoothing.