If a firm decided lo speed up its collection from its customers by reducing the reaction the inventory period and the period the same, then: conversion cycle will Increase, b cash conversion cycle will decrease. c. the firm's Investment In working capital will be minimized, d unable to determine from the Information provided. The "gold standard" of investment criteria refers to: a. net present value. internal rate of return. c. payback period. d. profitability index. Two years ago bonds were issued with 10 years until maturity, selling at par, and a 7% coupon. If interest rates for that grade of bond are currently 8.25%. what will be the market price of these bonds? Would be at a discount Would be at a premium The primary goal of corporate management should be to: maximize the number of shareholders. maximize the firm's profits. minimize the firm's costs. The following current assets can be converted to cash, in order of easiest to hardest Short term securities, accounts receivable, inventory Short term securities. Inventory, accounts receivable Inventory, accounts receivable, ST securities Accounts receivable, ST securities, inventory Which of the following statements is correct for an individual with a net income of $50,000.00, a tax of $10,704.50, and a 28% marginal tax rate? a. The average tax rate is 17.63% b. The average tax rate is 21.41% c. The average tax rate is 28.00% d. The average tax rate is unknown but greater than the marginal tax rate 44. The car rental company buys a sedan at a cost of $15,000, with annual maintenance cost of $500, the life 5 years with $0 salvage value. At 7%, what is the equal annual cost of purchasing the sedan? The car rental company buys a sedan at a cost of $15,000, with annual maintenance cost of $500, the 5 years with what is the equal annual cost of purchasing the sedan