Explain why, during a recession, working capital will decline at a slower pace than sales?

Why analyze minority interests on the consolidated income statement?

If you believe that interest rates are going to rise, would you be better off choosing loans that are repayable on maturity or in fixed annual installments?

Why are capitalization factors always greater than 1 ?

Should you discount even if there is no inflation and no risk? Why?

What is the discount factor equal to?

Are initial flows on an investment more often positive or negative? What about for final cash flows?

On what should you base a choice between two equal discounted values?

f income is recorded on a company's books on the day it is received (and not on the invoice date) and costs on the date of payment, would this generate working capital? If so, how would this working capital differ from the working capital as calculated today?