Based on the following information, what is the required collected balance to cover all monthly service charges?
Deposit Float$10,000
Reserve Requirement5%
Earnings Credit Rate15%
Monthly Service Charges$6,000
Days in month30

• A.$512,281
• B.$308,222
• C.$486,667
• D.$456,000

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When a company decides to discontinue a product line or divest of a subsidiary, it has made what type of corporate financial decision?

• A.Accounting
• B.Investment
• C.Financing
• D.Funding

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All of the following are advantages of forward contracts EXCEPT they:

• A.can cover any period of time.
• B.can be for any amount.
• C.can be created for almost any asset.
• D.are continually marked-to-market.

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The right of stockholders to purchase, on a pro-rata basis, any new shares issued by the company is referred to as:

• A.preemptive right.
• B.right of first refusal.
• C.existing ownership right.
• D.prevention of dilution right.

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A netting system can be used for all of the following EXCEPT:

• A.intracompany transactions.
• B.giro payments.
• C.foreign exchange transactions.
• D.third-party payments or receipts.

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