1. What is does a fund states it is "SHORT" the market mean?

2. John Corporation, a manufacturer has taxable income of $150,000. What is John’s tax liability in 2015?

3. Assume you graph the costs of granting credit against the amount of credit extended. The optimal credit amount is then determined by the point which:

1. minimizes the carrying costs of granting credit.

2. maximizes the opportunity costs associated with granting credit.

3. maximizes the carrying costs associated with granting credit.

4. minimizes the total cost curve.

5. minimizes the opportunity costs of granting credit.