1. A company manufactures its products the month before they're sold and pays for all materials in the month of purchase. If sales of $6.5 million are expected in September and the company pays 48 percent of sales in material costs, then what's the materials cash disbursement in August? A. $138,464 B. $136,821 C. $142,568 D. $140,242
2. The preliminary version of the prospectus for a public offering is known as A. a shelf registration. B. the red herring prospectus. C. an indenture instrument. D. the statement of information.