When receiving quotations on a currency's exchange rate, the bank's bid quote is the rate at which the bank is willing to sell currency

Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles (ATV's), motorcycles, and snowmobiles. Forecast the financial statements for Polaris for Year 6

Use the percent of sales method based on Year 5 and the assumptions listed below. Please note the ratios to sales provided in the table which are useful for making the forecast. Sales decline by 5.5%. The cost of debt is 11.76%. The tax rate is 31%. The depreciation rate is 12%. CAPEX is $28,360. The following accounts are held constant: Goodwill, Long-term debt, and Common Stock. Cash is the PLUG account. No dividends. Forecast the financial statements for Polaris. What is the change in the cash account from Year 5 to Year 6? Polaris Industries Inc Income Statement and Balance Sheet As of December 31, Year 5 ($000's) Year 5 Ratios Forecast Revenue $1,908,459 $1,803,494 COGS 1,454,374 0.762067 SG&A 213,114 0.111668 Dep. Exp. 28,632 EBIT 212,339 Int. Exp. 4,713 Income Before Tax 207,626 Income Taxes 64,348 Net Income $143,278 ASSETS Cash $19,675 Accounts Receivable 354,313 0.185654 Total current assets 373,988 PP&E 222,336 Goodwill 172,632 172,632 Total Assets $768,956 LIABILITIES AND OWNER'S EQUITY Total Current Liabilities 381,299 0.199794 Long Term Debt 18,000 18,000 Total Liabilities $399,299 Owner's Equity Common Stock 417 417 Retained Earnings 369,240 Total Owner's Equity 369,657 Total Liabilities and Owner's Equity $768,956 A) -$132.146 million B) $135.146 million C) $139.157 million D) $146.187 million E) $154.821 million

Each of the following is a potential drawback of e-learning except

A) instructors must be retrained. B) knowledge retention is lower than in traditional classrooms. C) assessment issues remain to be resolved. D) protecting the intellectual property of content developers.