Assume that you are willing to postpone consumption of $1,000 today and buy a certificate of deposit (CD) at your local bank with the $1,000. Holding the CD for one year provides you with an 8% reward for saving or postponing consumption
This reward for postponing consumption implies that at the end of the year you will have how much more money for spending?
A) $79.50
B) $79.75
C) $79.90
D) $80.00
Answer: D
Explanation: D) We take 8% times $1,000 and get $80.00 more for spending.
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The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw materials inventory$57,000 $60,000 Finished goods 68,000 60,000 The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:
A. $107,000. B. $126,000. C. $121,000. D. $115,000. E. $118,000.
Delivering value to the customer is the core of marketing.
Answer the following statement true (T) or false (F)
A normal cost is incurred when:
A) Overtime is used more than originally planned. B) Shipments are expedited. C) Additional temporary workers are brought on site. D) The aggressive baseline plan is adhered to.
Which is better, a fixed-rate loan or a variable-rate loan?
A) A fixed-rate loan, because the lender bears the risk that interest rates will go up B) A fixed-rate loan, because they generally cost less than variable-rate loans C) A variable-rate loan, because they generally cost less than fixed-rate loans D) A variable rate loan, because the lender bears the risk that interest rates will go up E) Neither is necessarily better; the choice illustrates the "risk and return go hand in hand" principle.