The constellation Ursa Minor includes Polaris (the North Star) as a member. An observer just north of the equator might单项选择题
A
see Ursa Minor rise and set every night.
B
see Ursa Minor throughout the night, every night of the year.
C
see Ursa Minor rise and set on some nights throughout the year.
D
never see Ursa Minor.
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Pedersen Industries wants to initiate a new project. To facilitate the project, an increase in cash of $20,000 will be required and the firm needs to build up $15,000 in inventory. The firm is expecting revenues of $500,000 per year and cost of goods sold (COGS) of $400,000. Pedersen Industries is expecting that Accounts Receivables (AR) will account for 5% of annual sales and Accounts Payables (AP) will account for 10% of COGS. All these changes will occur in year t=1. What is the incremental cash flow effect from the change in Net Working Capital (NWC) in year 1?
When evaluating a new project, firms should include in the projected cash flows all of the following EXCEPT:
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