Eurodollars are U.S. dollars dial have been deposited in foreign banks foreign branches of U.S. banks foreign subsidiaries foreign banks and foreign branches of U.S. banks A rational person would prefer receiving cash flows sooner because: The money can be reinvested. The money is nice to have around. The investor may be tired of a particular investment. The investor is indifferent to either proposal. Who owns the retained earnings of a public firm? The IRS h. Common stockholders Bondholders Preferred stockholders The percentage of sales forecasting method is used by management to forecast the amount of profit expected for a given percentage increase in sales capital financing needed to promote marketing efforts cash needed to finance future sales growth debt financing needed. The first step in cash budget preparation process is to identify the credit sales item expected cash disbursements projected sales estimates of cash If the exchange rate from U.S. dollars to Canadian dollars is $0.80/Canadian dollar, from Canadian dollars to U.S. dollars is (IT IS THE RECIPROCAL), 0.80 Canadian $/US dollar