A company has 750,000 shares outstanding at $52.00 each. The company expects to raise $6,250,000 via a rights offering at a subscription price of $50. How many rights are required for each new share? 5.50 4.50 4.00 5.00 6.00 A company has a 45-day collection period. Sales for the next four quarters are estimated at $50,000, $54,000, $58,000, and $64,000, respectively, starting with the first quarter of the year. Given this information, which one of the following statements is correct? Assume a 360 day year. The firm will have an accounts receivable balance of $36,000 at the end of the year. The accounts receivable balance at the beginning of Quarter 4 will be $29,000. The firm will collect $25,000 from Quarter 2 sales in Quarter 3. The firm will collect $30,000 in Quarter 1. The firm will collect a total of $58,000 in Quarter 4. A firm has a net cash inflow for the quarter of -$6,100. The beginning cash balance is $7,200. Company policy is to maintain a minimum cash balance of $6,500 and borrow only the amount that is necessary to maintain that balance. How much does the firm need to borrow to have a zero cumulative surplus? $5,000 $4,600 $4,100 $3,600 $5,400