Your Corporate Financial Manager Has Decided to Liquidate Securities to Provide

question 76

Multiple Choice

Your corporate financial manager has decided to liquidate securities to provide for cash needs in units of $50,000.Is that amount of cash consistent with annual cash needs of $2,500,000, costs per sale of $30, and annual T-bill rate of 6 percent?

• A)yes, that amount is appropriate
• B)no, sales amount should be increased to $60,000
• C)no, sales amount should be decreased to $35,000
• D)no, sales amount should be decreased to $5,000

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Definitions:

Interracial

Pertaining to, involving, or between people of different racial backgrounds.

Unarmed

Not equipped with or carrying any weapons.

Bank Robbery

The criminal act of stealing money or valuables from a bank while it is open and under the threat of violence.

Primary Motivation

The fundamental reason or driving force behind an individual's actions or behavior.