Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to open a new restaurant, and your uncle offers to give you $120,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment?
A. 6.85%
B. 7.21%
C. 7.59%
D. 7.99%
E. 8.41%
Answer: E
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Indicate whether the statement is true or false
MS Access would be appropriate for an organization that
a. had a small database and limited knowledge of database programming b. had a small database and extensive knowledge of database programming c. had a large database and limited knowledge of database programming d. had a large database and extensive knowledge of database programming
Mark hires Joe's real estate agency to sell his property, telling Joe he has lost too much money playing the stock market to afford to keep it up. Then Mark wins the three million-dollar lottery! Joe reads this in the newspaper and that afternoon makes a contract with Sharon to sell the property. Is the contract valid?
a. No, the agency terminated because of the change in conditions. b. No, the agent has no right to sell without consent. c. Yes, Mark would have to notify Joe if he wanted to stop the sale. d. Yes, Joe had apparent authority to sell.
Two basic types of decision alternatives are used to arrive at acceptable production or staffing plans: supply options and demand options
If an organization that faces seasonal demand uses a supply option approach, which one of the following actions is it most likely to implement? A) introduction of complementary products B) creating a stock of anticipation inventory C) advertising to generate demand during off-peak periods D) discounting products in off-peak periods