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minor and semi-minor changes in the problem): IMP...

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minor and semi-minor changes in the problem): IMPORTANT: Sales commissions are paid in the same month as the sale. These equipment purchases will be financed primarily by using the firm?s cash and by selling its marketable securities These marketable securities will be sold at cost (change from handout). Fedders believes that OE needs to keep a minimum cash balance of $250,000 (change from handout) at the end of the quarter.

 

Paper#4477 | Written in 18-Jul-2015

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