Using the table in the handbook, the present value of $12,000 for six years compounded at 6% semiannually is:
A. $12,814.08
B. $8,416.80
C. $8,461.08
D. $8,614.80
E. None of these
Answer: B
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The VP of finance usually has the cashier and the controller directly reporting to him (her)
Indicate whether the statement is true or false
Which of the following statements is not true of defining the major issues related to achieving the goal, step two in the planning process?
A. Single-issue negotiations tend to dictate integrative negotiations. B. Some negotiations may consist of only a single issue and other negotiations are more complex. C. This step begins with an analysis of the key issues to be discussed in the negotiation. D. The number of issues affects strategy.
Which of the following statements is correct??
A. ?Other things held constant, it is generally safer to invest money in a proprietorship than in a corporation. B. ?There really is no difference between a general partnership and a corporation, because both have multiple owners and both offer limited liability to the owners. C. ?If you are planning to start a business, which you will run as the sole employee, and if you expect the business to earn $1,000,000 per year before taxes, you always can minimize the total taxes you pay by setting up the business as a corporation. D. ?According to the text, "agency problems" tend to increase when managers own larger relative amounts of the company's stock. E. ?Maximizing the income statement item "net income" might not be the best goal for a corporation if the managers are interested in maximizing the economic welfare of the firm's stockholders (that is, the firm's stock price).
Use the information in Table D.2. The plant has no limits on the number of units produced by overtime or subcontractors and adopts a chase plan strategy for the six-month planning period. What is the cost for month 6 of their chase plan?
A) $8,000 B) $9,852 C) $11,317 D) $12,631