​(Financial forecasting percent of sales​) Next​ year's sales for Cumberland Mfg. are expected to be ​$14.95 million. Current sales are ​$ ​million, based on current assets of ​$ million and fixed assets of ​$ million. The​ firm's net profit margin is percent after taxes. Cumberland estimates that its current assets will rise in direct proportion to the increase in​ sales, but that its fixed assets will increase by only​ $200,000. Currently, Cumberland has ​$ million in accounts payable​ (which vary directly with​ sales), ​$ million in​ long-term debt​ (due in 10​ years), and common equity​ (including ​$ million in retained​ earnings) totaling ​$ million. Cumberland plans to pay ​$ million in common stock dividends next year.

The blank is type of decision-maker who over analyzes information

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

You are the cfo of a u. s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u. s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take