Which of the following is the best definition of target cash balance?
A) The costs associated with holding too little cash. B) An automated teller machine card used at the point of purchase to avoid the use of cash. As this is not a credit card, money must be available in the user's bank account. C) A chequing account in which a zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover cheques presented. D) The need to hold cash to satisfy normal disbursement and collection activities associated with a firm's ongoing operations E) A firm's desired cash level as determined by the trade-off between carrying costs and shortage costs.
Which of the following statements is true of life-cycle benefits?
A) They can be availed only at the end of an employee's service with an organization. B) They refer to fitness workshops that help employees stay healthy. C) They include child-care and elder-care benefits. D) They are benefits that an employee's family receives after the employee's death.
If fixed costs are $46,800, the unit selling price is $42, and the unit variable costs are $24, the break-even sales (units) if the variable costs are decreased by $2 is
A) 2,127 units B) 1,114 units C) 2,340 units D) 1,950 units
The market for breakfast cereal contains hundreds of similar products,such as Froot Loops,cornflakes,and Rice Krispies,that are considered to be different products by different buyers.This situation violates the perfect competition assumption of:
A) many buyers and sellers. B) a standardized product. C) ease of entry. D) ease of exit.