The best financial plan for financing a child's college education requires:
A) a savings plan
B) a 401(k) plan
C) premature death protection
D) both A and C
D
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Brian offers to sell Jerry his house, but a hurricane destroys the house before Jerry accepts the offer. What would be the possible outcome of this offer?
A. If the offer is not revoked within a week after the incident took place, the offer is considered to be open and Jerry can claim the recovery charges. B. Jerry must be paid the recovery charges for losing the house as he had already been offered by Brian. C. A written statement must be produced to the court of law to terminate the offer. D. The offer is terminated when the house is destroyed as it happened without the knowledge or fault of either of the parties.
Answer the following statements true (T) or false (F)
1. According to Adam Smith, mutually beneficial trade requires each nation to be the least-cost producer of at least one good that it can export to its trading partner. 2. If an economy is characterized by increasing opportunity costs, increasing the production of steel by constant amounts results in a constant rate of decrease in the production of autos. 3. If Canada produces computers at a lower relative cost than Germany, Canada is said to have a comparative disadvantage in computers. 4. If Mexico was to realize an increase in its factors of production, its production possibilities frontier would shift inward toward the origin of the diagram. 5. Mercantilism refers to a system of restraints on imports and the promotion of exports, as used by governments in the 1600's and 1700's.
Layer Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$160,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$360,000 Annual cash operating expenses$290,000 Working capital requirement$20,000 One-time renovation expense in year 3$20,000 The company's income tax rate is 30% and its after-tax discount rate is 8%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income
taxes in year 3 is: A. $61,000 B. $50,000 C. $41,000 D. $47,000
A contract will be discharged if supervening circumstances make it impossible to attain the purpose both parties had in mind when they made the contract
a. True b. False Indicate whether the statement is true or false