The phrase "price to rent money" is sometimes used to refer to ________

A) historical prices
B) compound rates
C) discount rates
D) interest rates

Answer: D

Business

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Iowa Supply, Inc provides the following data taken from its third quarter budget

Jul Aug Sep Cash collections $81,000 $65,000 $56,000 Cash payments: Purchases of direct materials 52,000 28,000 30,000 Operating expenses 10,000 16,000 21,000 Capital expenditures 0 32,000 8,000 The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the cash balance the company is projected to have at the end of September. A) $16,000 B) $19,000 C) $75,000 D) $59,000

Business

Which of the following is true with regard to the inside sales force of a company?

A) The inside sales force is invariably more attentive to customer needs than the outside sales force. B) Unlike the outside sales force, the inside sales force does not require training. C) Inside sales representatives engage in face-to-face interaction with customers. D) The inside sales force is far more knowledgeable about customer habits than are outside salespeople. E) Inside salespeople provide support for the outside sales force, freeing them to spend more time selling to major accounts and finding new prospects.

Business