Calculate the present value of $800 received at the beginning of year 1, $400 received at the beginning of year 2, and $700 received at the beginning of year 3, assuming an opportunity cost of 9 percent
What will be an ideal response?
PV = 800 + 400(1.09 ) + 700(1.09 )2 = $1,756.15
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In regard to decision making, which of the following statements reflects what research has found?
A. Individuals acting alone always make better decisions than groups. B. Group decisions are seldom better than individual decisions. C. Groups tend to be less productive than the best individuals working on any specific project. D. Groups make better decisions than most individuals acting alone. E. There has not been any research showing that either individuals acting alone nor groups make better-quality decisions.
When Tiger Woods plays in the Buick Open, the golf tournament is an example of event marketing
Indicate whether the statement is true or false
Adventure Travel signed a 14%, 10-year note for $152,000. The company paid an installment of $2200 for the first month. After the first payment, what is the principal balance? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $149,800 B) $150,227 C) $151,573 D) $154,200
The Lennon Company uses a standard costing system and a flexible budget. At a normal level of activity of 15,000 units and 45,000 standard direct labor hours, the standard direct labor cost would be $270,000 . During June, 44,050 hours were worked to produce 14,000 units at an actual direct labor cost of $352,000 . The direct labor efficiency variance in June was
a. $20,300 (U). b. $12,300 (U). c. $12,300 (F). d. $15,300 (U).