Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $45,000 up front and a further $15,000 per year
If Jenkins Security offers to provide security for eight years for an upfront cost of $60,000 and a separate yearly payment, by what maximum amount can this yearly payment be over $20,000, so that Jenkins' offer matches the equivalent annual annuity of their rival's offer? (Assume a cost of capital of 5%.)
A) -$89
B) -$94
C) -$100
D) -$111
Answer: D
You might also like to view...
Which of the following is true of damages under the CISG?
A. Damages for breach of contract by one party do not include loss of profit suffered by the other party as a consequence of the breach. B. The party claiming damages is under an obligation to mitigate losses. C. The foreseeability test cannot be applied in cases involving damage claim. D. The breaching party is not liable for any foreseeable damages.
The thought experiment "Curry in a Hurry" is an example of the effectuation process.
Answer the following statement true (T) or false (F)
Leaders who introduce process thinking to their organization create great value for:
a. their employees b. their board members c. their competitors d. their country
An organization chart often shows that there is a clear and unbroken line of authority and responsibility from the top of the organization to the bottom. This concept is known as:
a. the scalar principle b. the division of labor c. unity of command d. span of control e. workplace teams