Major Manuscripts, Inc. is currently operating at 85 percent of capacity. All costs and net working capital vary directly with sales. The tax rate, the profit margin, and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 15 percent?

A small property and liability insurance company concentrated its underwriting efforts in one city in Oklahoma. When tornadoes damaged a large number of structures in the city, the insurer did not have adequate financial resources to pay the losses and it became insolvent. Which characteristic of an ideally insurable risk was violated in this scenario?

(a) there must be a large number of exposure units (b) the loss should not be catastrophic (c) the loss must be accidental and unintentional (d) the loss must be determinable and measurable

A centralized cash reserve that various branches can access to meet every-day expenses, is part of the company's ________ account

A) trade credit B) project budget C) fixed budget D) working capital E) capital budget