Answered: 19. Rachel, the chief financial officer…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter1: Introduction To Cost Management

Section: Chapter Questions

Problem 4E: Consider the following thoughts of a manager at the end of the companys third quarter: If I can...

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Please answer 19, 20. Thank you!.

19. Rachel, the chief financial officer of Sunrise Fruit Snacks, needed to determine the company’s projected cost of capital for next year. To do so, she needed to know the following information except

Group of answer choices

a. The projected debt level for next year

b. The projected cash balance for next year

c. The projected interest rate on next year’s debt

d. The projected equity level for next year

20. The next year revenue budget for Josiah’s department calls for an increase of 20%. After a great deal of research, he has determined that the price elasticity for his best-selling products is 1.25. In this situation, Josiah should take which following action in order to increase revenue from these products?

Group of answer choices

a. Keep the prices the same

b. Offer a buy one/get one sale

c. Decrease prices

d. Raise prices

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