Time value of money computations relate to the future value of lump-sum cash flows only

A _______ estimates cash receipts and cash expenditures over a specified period; a(n) _______ estimates a firm's expenditures for major assets, including new product development, expansion of facilities, replacement of obsolete equipment, and mergers and acquisitions.

a. cash budget; capital budget b. capital budget; cash budget c. cash budget; equity capital d. debt capital; capital budget e. debt capital; equity capital

Which of the following statements correctly describes importing?

A) when a company makes goods domestically to sell domestically B) when a company buys goods from another country and sells them domestically C) when a company makes goods domestically and sells them to other countries D) when a company contracts a foreign company to produce goods to sell around the world E) when consumers buy goods in another country and bring them to their home country