You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%?
A. $1,067.95
B. $1,124.16
C. $1,183.33
D. $1,245.61
E. $1,311.17
Answer: E
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Which of the following is a valid tender offer rule?
A) The offer cannot be closed after 20 business days after the commencement of the tender offer. B) The offer cannot be extended if the tender offeror increases the number of shares it will take or the price it will pay for the shares. C) Any increase in price paid for shares tendered must be offered to all shareholders, including those who have previously tendered their shares. D) A shareholder who tenders his or her shares loses the right to withdraw them prior to the closing of the tender offer.
The following information is from the 2017 records of Robin Antique Shop
Accounts receivable, December 31, 2017 $44,000 (debit) Allowance for Bad Debts, December 31, 2017 prior to adjustment 1,100 (debit) Net credit sales for 2017 176,000 Accounts written off as uncollectible during 2017 11,000 Cash sales during 2017 27,000 Bad debts expense is estimated by the percent-of-sales method. Management estimates that 5% of net credit sales will be uncollectible. The ending balance of the Allowance for Bad Debts account after adjustment will be ________. A) $9,900 B) $9,050 C) $11,250 D) $7,700
A bond is a ________ instrument by which a borrower of funds agrees to pay back the funds with interest on specific dates in the future
A) long-term equity B) long-term debt C) short-term debt D) short-term equity
Which one of the following is the best advice for the MNC that wants to structure an investment so as to minimize the chance that political risk events will adversely affect the firm?
A) focus on the long term B) rely on common available supplies C) use local resources D) refuse to bargain with the government