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CH 15 - Please respond to the following question(s) with a thoughtful response. Be sure to support your answer with reason and logic based upon this week's readings, but keep in mind that top scores should include insight/creativity beyond the book. If you use resources beyond our textbook, sources must be cited. For additional information on the grading criteria, please review the "Getting Started" document. Your final assignment must be submitted as a Word doc or pdf file. 1. Apple is consistently known to hold one of the largest cash piles of any company. Why do you think Apple maintains so much in liquid assets? Do you think this is wise or unwise? (4pts) 2. What are some of the options that companies can choose to do with their excess cash? You can even expand beyond what is discussed in this chapter, as previous chapters also provided some viable options for excess cash. (5pts) 3. Classify the following investments into the following classifications: trading, held-to- maturity, available-for-sale, no significant influence, significant influence, controlling interest (each is used only once) (6pts) A. Banana Split Co. bought 24% of Cherry-on-Top stock and are considered affiliated compartes. B. Hero Company owns a Baymax Corp. 8% bond that it plans to hold till it matures in 10 years. C. Tilly Inc. buys 12% of Schwartz Corp. stock and cannot influence Schwartz's decisions. D. Hopper Co. has a GE Corp. 5% 20-year bond that they plan to sell next month for a profit E. Sunshine Inc. owns a 10% Daybreak Corp. 7-year bond that it plans to hold till the end of this year. F. Juliet Inc. owns 55% of Romeo Company

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