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TB MC Qu. 8-205 Bries Corporation is preparing its cash... Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is
TB MC Qu. 8-205 Bries Corporation is preparing its cash... Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18.700. Budgeted cash receipts total $186,500 and budgeted cash disbursements total $189,400. The desired ending cash balance is $30,700 To attain its desired ending cash balance for January, the company should borrow Question 1 -TVM, Finding I/Y [2 points]: Martell Corporation's 2012 sales were $10 million Sales were $6 million five years earlier. To the nearest percentage point, at what rate have sales grown? Question 2 - PV, Ordinary Annuity (2 points]: Find the present value of the following ordinary annuities: a) $300 per year for 10 years at 10 percent interest rate b) $100 per year for 5 years at 5 percent interest rate Question 3 - PV, Annuity Due [2 points]: Find the present value of the following annuities due: a) $300 per year for 10 years at 10 percent interest rate b) $100 per year for 5 years at 5 percent interest rate Question 4 - Uneven Cash Flow (2 points]: Express Airlines is considering the purchase of an aircraft to supplement its current fleet. In estimating the impact of adding this aircraft to the fleet, management has developed the following expected cash flows: Year Cash Flow 1_$ 1,000 2 $10,000 3 $10,000 $10,000 5 $20,000
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