Question

1. In a cash budget, net cash flow includes beginning cash True or False 2. If...

1. In a cash budget, net cash flow includes beginning cash

True or False

2. If AP = 600, purchase per day = 20, then APP = 30

True or False

3. If the discount rate is equal to coupon rate, the fair value of a bond equals its maturity value

True or False

4. If a firm's November net cash flow = 70, beginning cash for November is minus 100, its borrowing need for November is

a.

100
b.

170
c.

30
d.

not enough information is given to answer the question
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