Lucie is reviewing a project with an initial cost of $38,700 and cash inflows of $9,800, $16,400, and $21,700 for Years 1 to 3, respectively. Should the project be accepted if it has been assigned a required return of 9.75 percent? Why or why not?
A) Yes; because the IRR exceeds the required return by .34 percent
B) Yes; because the IRR is less than the required return by .28 percent
C) Yes; because the IRR exceeds the required return by .28 percent
D) No; because the IRR exceeds the required return by .34 percent
E) No; because the IRR is only 9.69 percent
A) Yes; because the IRR exceeds the required return by .34 percent
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A group of students had dinner at a local restaurant. The total bill for the dinner was $364.99. Each student paid his/her equal share of the bill, which was $21.47. How many student’s were at the dinner?
A. 124 B. 365 C. 17 D. 22
Which of the following is not descriptive of bilateral control:
A. hierarchical control B. joint action C. relational norms D. mutual sharing of benefits and burdens E. collaborative communication
Which of the following is a difference between a Subchapter S corporation and a limited liability company?
A) A Subchapter S corporation has no limitation on number of members, whereas a limited liability company limits ownership interests to no more than 35 shareholders. B) In a Subchapter S corporation, each owner has unlimited personal liability for debts of the organization, whereas in a limited liability company, liability of the owners is limited to loss of capital contribution. C) In a Subchapter S corporation, profits are taxed to owners as ordinary income and losses are deducted by them, whereas in a limited liability company, profits are taxed as income to corporation and again as income to owners when distributed as dividends. D) A Subchapter S corporation does not allow the owners control over daily management decisions, whereas a limited liability company does.
Rescission is the dissolution of a contract that returns the parties to the positions they held before the contract.
Answer the following statement true (T) or false (F)