P is approximately normally distributed provided that ____________________ and ____________________ are both greater than or equal to 5
Fill in the blank(s) with correct word
np; n(1 - p)
n(1 - p); np
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Which of the following is an example of noncash charges?
A) depreciation B) accruals C) interest expense D) dividends paid
Automobile leasing is actually just a long-term rental agreement with the lessor
Indicate whether this statement is true or false.
Consider the following projects, X and Y, where the firm can only choose one. Project X costs $600 and has cash flows of $400 in each of the next 2 years. Project Y also costs $600, and generates cash flows of $500 and $275 for the next 2 years, respectively. Which investment should the firm choose if the cost of capital is 10 percent?
A) Project X, since it has a higher NPV than Project Y B) Project Y, since it has a higher NPV than Project X C) Project X, since it has a lower NPV than Project Y D) Project Y, since it has a lower NPV than Project X
Harvey wants to determine the net present value for a proposed capital investment. He has determined the desired rate of return, the expected investment time period, a series of cash inflows of equal amount, the salvage value of the investment, and the required cash outflows. Which of the following tables would most likely be used to calculate the net present value of the investment?
A. Present value of annuity and present value of a lump sum. B. Future value of annuity and future value of a lump sum. C. Present value of annuity. D. Future value of a lump sum.