Lotta Dough just won the state lottery and has elected to receive $50,000 per year for 20 years in
the form of an annuity due. What is the present value of this stream of payments if money can
earn 7 percent annual interest?
A) $977,665 B) $500,000 C) $779,664 D) $566,780
D
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If the balance on the bank statement does not equal the balance in the cash account, then it can be assumed that:
a. The company has no errors in its records concerning the cash account. b. The bank has made errors in preparing the statement. c. The company has made errors in is records concerning the cash account. d. There will be items reconciling the difference.
Ed, a businessperson, is a friend of Fran, the owner of a Good Bean Coffee & Bagels store. Every day, Ed spends five minutes in Fran’s store, looking at the goods and usually buying one or two cinnamon buns or bagels. One afternoon, Ed goes into the store, looks at the items, and picks up a $1 chocolate brownie. Ed waves the brownie at Fran without saying a word and walks out. Is there a contract? If so, how would it be classified in terms of formation, performance, and enforceability?
The term social network most likely refers to a salesperson's:
A) direct and indirect contacts B) co-workers and managers C) closest clients D) industry affiliation groups E) alumni organization
Both formal and informal rule-making processes include public hearings
Indicate whether the statement is true or false