Questions from General Finance

Q: As Cecil shuffled through the stack of files on his desk and

As Cecil shuffled through the stack of files on his desk and clicked away on his mouse, his mind kept racing back to what Jason, his boss, had said to him at the last budget meeting. “We can only fund...

Q: Howard Cook could hardly wait to get back to his corporate headquarters

Howard Cook could hardly wait to get back to his corporate headquarters in Philadelphia, Pennsylvania, and share all the useful information that he had gathered on performance evaluation with his coll...

Q: “It’s amazing how much difference there is in the way proposals “It’s amazing how much difference there is in the way proposals

“It’s amazing how much difference there is in the way proposals are presented at two different firms,” said Art Monk to his assistant, Russell Jacobs, as he pointed to the stack of capital investment...

Q: The Ultra Cable Corporation, headquartered in Chicago, Illinois, had

The Ultra Cable Corporation, headquartered in Chicago, Illinois, had thus far enjoyed a fairly steady run-up in revenues and profits. Two years ago, it hired Ron Swenson away from the competition to a...

Q: Andy Gillian, the owner of Gillian Pool & Spa Supplies,

Andy Gillian, the owner of Gillian Pool & Spa Supplies, paced up and down the balcony of his luxurious Victorian home, overlooking a beautiful backyard, which housed a full-size pool/spa and a spr...

Q: “Numbers! I need to see numbers!” exclaimed Marcus in

“Numbers! I need to see numbers!” exclaimed Marcus in response to com- ments made by the assistant vice-president of Finance, Jeff Smith. Marcus Lenovo, president and chief executive officer of Durale...

Q: “Greg, the board of directors’ meeting is scheduled two weeks

“Greg, the board of directors’ meeting is scheduled two weeks from today, and I’m depending on you to come up with a realistic and honest appraisal of our company’s position,” said Warren, to his assi...

Q: State-sponsored lotteries are extremely popular and highly successful methods by

State-sponsored lotteries are extremely popular and highly successful methods by which state governments in many countries raise much-needed funds for financing public expenses, especially education....

Q: “Boy, this is all so confusing,” said Jason as

“Boy, this is all so confusing,” said Jason as he stared at the papers on his desk. “If only I had taken the advice of my finance instructor, I would not be in such a predicament today.” Jason Welch,...

Q: When Jacqueline and Keith Sommers were “house hunting” five years

When Jacqueline and Keith Sommers were “house hunting” five years ago, the mortgage rates were pretty high. The fixed rate on a 30-year mort- gage was 7.25%, while the 15-year fixed rate was at 6.25%....