Yong Nam, CEO of LG, recently stipulated that Chinese would be required throughout the company. He explained that the speed of innovation that is required to compete in the world mandates that we must have seamless communication

Fielding Wilderness Outfitters had projected its sales for the first six months of 2010 to be as

follows: Jan. $250,000 April $300,000 Feb. $340,000 May $350,000 Mar. $280,000 June $380,000 Cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collected in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second month following the sale. Total other cash expenses are $40,000/month. The company's cash balance as of March 1st, 2010 is projected to be $40,000, and the company wants to maintain a minimum cash balance of $15,000. Excess cash will be used to retire short-term borrowing (if any exists). Fielding has no short-term borrowing as of March 1st, 2010. Assume that the interest rate on short-term borrowing is 1% per month. What is Fielding's projected total receipts (collections) for April? A) $124,000 B) $36,000 C) -$4,000 D) $180,000

For good financial management, you should treat a credit card as

A) a source of funds. B) a means of convenience. C) a way to finance everything. D) an inexpensive form of financing.