The modified internal rate of return (MIRR) is the discount rate that forces the ______.
A. future value of the project's terminal value to equal the future value of its cash outflows
B. present value of the project's terminal value to equal the present value of its costs (cash outflows)
C. future value of the project's terminal value to equal the present value of its costs
D. present value of the project's terminal value to equal the future value of its costs
E. present value of the project's terminal value to equal the sum of its undiscounted cash inflows
Answer: B
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The Federal Reserve Bank has 12 separate districts around the United States, which means it is using ______ in its organizational structure.
A. functional constituencies B. locality divisions C. site networks D. geographic divisions E. matrix regions
The collection of businesses and products that make up a company is called its ________
A) strategic business unit B) supply chain C) strategic plan D) business portfolio E) internal value chain
If the Chen Company sells the equipment for $4,000 cash, the entry to record the sale would be as follows:
a. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4,000 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 10,000 b. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6,000 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 10,000 c. Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000 Accumulated Depreciation .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 d. Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 Accumulated Depreciation .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000 e. Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 Salvage Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000
General partners have ________ for the debts and obligations of the partnership
A) limited exemption B) conditional exemption C) limited organizational liability D) unlimited personal liability