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