A security is trading at a price of 35.68. An investor places an order to buy the security once the price reaches 35.95. This is a

The industry demand curve in an oligopoly market

A company is considering making material adaptations to its warehouse and equipment. These costs will be $25,000,000 and will have a benefit period of 10 years. The income tax rate during this period will be 30%. The company is considering the effects of capitalizing the costs versus expensing the cost.
Which of the following statements would be true?
I). If costs are capitalized, cash flows in years 2-10 will be higher by $750,000.
II). If costs are expensed, cash flows in years 2-10 will be higher by $750,000.
III). If costs are capitalized, there will be a smoother pattern of income over the life of the project.

Which of the following statements is least accurate with respect to the rationales and drawbacks of using the price/earnings (P/E) ratio for valuation purposes?

Jumbo, Inc. had sales of $8,000 in November, $14,000 in December, and projects sales of $10,000 in
January, $12,000 in February, and $8,000 in March. The firm's COGS in any given month is equal to 70% of the next month's sales. The firm collects its receivables in 60 days and pays its payables in 30 days.
The firm begins January 1 with $10,000 in cash. All sales and purchases are on credit. There are no other costs or revenues. What are Jumbo's total cash disbursements in March? Assume there are 30 days in every month.