If the discount rate used to compare the present value of two annuities is 0%, then the timing of the cash flows is unimportant in the present value calculation
Indicate whether the statement is true or false
TRUE
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The use of bank credit cards in connection with retail sales is a common practice
Indicate whether the statement is true or false
Upon graduating from college, Kathy announced her plans to enter law school the following fall and to marry Rick in December. Kathy's father was afraid that marriage during her first year in law school might cause her to fall behind in her studies or cause her to drop out of school. He called Kathy and promised her $10,000 if she postponed her wedding until after completion of her first year of
law school. Kathy agreed and postponed the wedding for a year. Kathy successfully completed her first year of law school, but soon thereafter, Kathy's father died. The administrator of her father's estate claimed she was not entitled to the $10,000 because there was no consideration for her father's promise. If Kathy sues the estate, she will probably be a. unsuccessful because her father's death terminated the contract. b. successful, as there was consideration. c. unsuccessful because her father received no benefit. d. unsuccessful because it was merely fatherly advice not to get married during the first year of law school.
The change in net operating working capital associated with new projects is always positive, because new projects mean that more operating working capital will be required.
Answer the following statement true (T) or false (F)
The Clean Air Act imposes civil penalties on executives of companies violate air pollution standards. If the government sued an executive for violating this law and asked for $100,000 in civil penalties to be imposed, the executive would have:
a. no right to a jury trial b. no right to a jury trial only if the trial was held in some state courts c. a right to a jury trial in any court d. a right to a jury trial only if the trial was held in some state courts e. no right to a trial since this is a civil law case