20 Firms carry cash for all of the following motives except a. transactionary motives b. precautionary motives c. speculative motives d all of the above 21 When forecasting financial statements, the adjusting process is referred to all of the following except a. recasting b reformulating c reconstituting d scrubbing 22 A bond is currently selling for $8,050. It has a face value of $10,000 and there are no coupon payments. The bond has an original maturity of 10 years, and will mature in three years. The yield to maturity is a. b. 7.49% c. 6.75% d 6.09% 23 Factory output was measured at 8,050 units in 2020. In 2023 (three years) factory output is expected to be 10,000 units. Based on these figures, calculate the apparent growth rate a. 7.49% b. 7.05% c. 6.75% d 6.09% A firm has net sales of $13,250,000, Cost of Goods Sold $8,000,000, Depreciation Expense of $1,200,000, Selling and Administrative Expenses of $2,250,000, Interest Expense of $500,000, and an average tax rate of 20%