Question

The CFO of Twine Enterprises expects sales to increase from $8,000,000 in 2010 to $12,000,000 in 2011. Current assets in 2010 are equal to $5,000,000. Using the percent of sales method, what are the projected current assets for 2011?

John Maynard Keynes segmented a firm's demand for cash into the what three motives?
Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2 billion, what is it worth in dollars for the firm to reduce float by 1 day? (use a 365 day year)
What is the tradeoff faced in managing a firm?

Answer 1

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.