During which phase of the corporate life cycle are investing cash flows positive and financing cash flows negative?

Rockford Co. is a U.S. manufacturing firm that produces goods in the U.S. and sells all products to retail stores in the U.K.; the goods are denominated in pounds. It finances a small portion of its business with pound-denominated loans from British banks. Which of the following is true? (Assume that the amount of products to be sold is guaranteed by contracts.)

a. The dollar value of sales is higher if the pound depreciates against the dollar. b. The dollar value of sales is unaffected by the pound's exchange rate. c. A and B d. None of the above

Phil Langston has just ordered a number of expensive executive gifts that he will be sending as an appreciation token to a select few customers from his client database

In which of the following ways is Mr. Langston most likely using his database? A) to identify prospects B) to decide which customers should receive a new sales offer C) to deepen customer loyalty D) to avoid serious customer mistakes E) to beat the competition to a sale