You have been offered a project paying $300 at the beginning of each year for the next 20 years. What is the maximum amount of money you would invest in this project if you expect 9 percent rate of return to your investment?
A) $ 2,738
B) $ 2,985
C) $15,347
D) $ 6,000
B
You might also like to view...
Which of the following is the level at which the control's failure to operate would cause the auditor to conclude that the control is not effective and would likely change the auditor's planned assessment of control risk in performing tests of account balances?
a. Tolerable failure rate. b. Allowable risk of assessing control risk too low. c. Expected failure rate. d. Allowance for sampling error.
Which of the following is correct?
a. Discontinued operations are shown as the last category after income from continuing operations. b. The discontinued operations section of the income statement consists only of the gain or loss on disposal of the discontinued component net of the tax effect. c. The discontinued operations section of the income statement consists only of the income or loss from operating the discontinued component net of the tax effect. d. The discontinued operations section of the income statement consists of the income or loss from operating the discontinued component net of the tax effect as well as the gain or loss on disposal of the discontinued component net of the tax effect.
Describe the differences between traditional marketing communication strategies and service business communication strategies
What will be an ideal response?
Taylor Co. had beginning inventory of $760 and ending inventory of $1090. Taylor Co. had cost of goods sold amounting to $2600. What is the amount of inventory that was purchased during the period?
A. $4450 B. $3690 C. $2170 D. $2930