Jobe Company budgets the following credit sales: January $124,000 February 120,000 March 135,000 April 140,000 May 142,000 The company's past experience indicates that 50% of receivables are collected in the month of sale, 30% in the month following the sale, 15% in the second month following the sale, and the remainder is uncollectible. What amount should be budgeted as cash receipts for April

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?