Calculate the present value of an annuity of $3,900 each year for four years, assuming an opportunity cost of 10 percent.
What will be an ideal response?
PV = (3,900/0.1)[1 - (1/(1.1)4)] = $12,362.48
You might also like to view...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory330 units @ $18 5Purchase310 units @ $20 10Sales 230 units @ $2815Purchase190 units @ $21 24Sales 180 units @ $29
A. $8590 B. $7750 C. $16,130 D. $7540 E. $8260
As a part of IMC, marketers do which of the following?
A) use only one or two elements of the promotion mix at a time B) identify what information customers want and how, when, and where they want it C) focus on one-to-one marketing to the exclusion of mass marketing D) focus on increasing profit margins rather than lifetime value of a customer E) produce promotions in-house instead of using outside agencies
Explain the purpose of antitakeover tactics and provide a specific example of an actual antitakeover tactic.
What will be an ideal response?
A sovereign nation has the power to nationalize a foreign private enterprise without compensation
Indicate whether the statement is true or false