George Jones is planning on a cruise for his 70th birthday party. He wants to know how much he should set aside at the beginning of each month at 6% interest to accumulate the sum of $4,800 in five years. He should use a table for the:
A) Future value of an ordinary annuity of $1.
B) Future value of an annuity due of $1.
C) Future value of $1.
D) Present value of an annuity due of $1.
B) Future value of an annuity due of $1.
You might also like to view...
Based on the dimensions of assertiveness and cooperativeness, researchers have identified five negotiation modes. List them.
What will be an ideal response?
Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, the Macki's capital account will
A) decrease by $16,000. B) decrease by $24,000. C) increase by $24,000. D) decrease by $40,000.
A manufacturing business pursuing cost leadership is likely to
A. use advertising to build brand image. B. put heavy emphasis on product engineering. C. rely on experience effects to raise efficiency. D. focus on a narrow market segment.
Answer the following statement(s) true (T) or false (F)
1. Elton Mayo was the founder of scientific management. 2. Scientific management attempts to break work down into its smallest elements and then rearrange those elements in the most efficient manner. 3. The Hawthorne studies were designed to determine the effect of lighting on worker productivity. 4. The Hawthorne studies were conducted by Elton Mayo and Frederick Taylor. 5. Extrinsic rewards are related directly to performing the job.