When the yield curve is downward sloping, generally a financial manager should

Multiple Choice

• expect an economic boom.

• utilize long-term financing.

• increase investment and the level of financing overall.

• utilize short-term financing.

Price Corp. is considering selling to a group of new customers and creating new annual sales of $50,000. 2% will be uncollectible. The collection cost on these accounts is 7% of new sales, the cost of producing and selling is 78% of sales and the firm is in the 27% tax bracket. What is the profit on new sales?

Multiple Choice

• $39,000

• $4,745

• $14,745

• $29,966

Some of the services provided around the clock by SWIFT are

Multiple Choice

• international payments between banks.

• foreign exchange.

• trade finance transactions.

• All of the options