A charitable foundation has $500,000 invested in an account that earns 7%. The foundation has promised to begin making annual payments to beneficiaries in one year, and the first payment will be $25,000. The foundation has promised that future payments will grow at a constant rate forever. At what rate can the foundation afford to increase payments assuming that it makes no additional deposits into the account?
A) 0%; it can't afford to increase payments forever without adding more money to the account.
B) 1%
C) 2%
D) 3%
C) 2%
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Which of the following companies would be more likely to use the specific identification inventory costing method?
A) Gordon's Jewelers B) Lowe's C) Best Buy D) Wal-Mart
“Crashing” a project ______.
a. is speeding up a project’s activities to accelerate its completion b. is equivalent to cancellation of a project c. is the unexpected termination of a project due to an external event (e.g., a natural disaster) d. is the unexpected termination of a project due to an internal event (e.g., poor management)
The term of a copyright is the author's life plus:
A. 20 years. B. 70 years. C. 50 years. D. 30 years.
Kelly signs an instrument in favor of Leo that states it is "subject to a certain agreement between Kelly and Mona." This instrument is
A. negotiable. B. nonnegotiable, because it is made subject to a separate agreement. C. nonnegotiable, because it refers to a separate agreement. D. nonnegotiable, because Kelly and Mona are not the same persons.