Assume that you won the Lotta Dough Lotto jackpot for $20 million. Further assume that you were
offered a choice to receive the $20 million today, or receive it in equal installments of $1 million per
year for 20 years.
According to one of the principles of finance, which would you take?
A) the $20 million in equal installments of $1 million per year for 20 years because it would be
worth more than if you would receive it today
B) the $20 million today because it would be worth more than if you would receive it in equal
installments of $1 million per year for 20 years
C) You would be indifferent as to when you would receive the $20 million since the total number
of dollars received is the same either way.
D) the $20 million in equal installments of $1 million per year for 20 years because you would be
afraid of spending it all right away
B
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In general, adjustments to customer balances in the accounts receivable master data will be necessary for all of the following except:
a. sales returns and allowances b. reversals of mispostings and other errors c. bad debt write-offs d. estimates of uncollectible accounts
Despite the discount Shane offers, the church representative walks away from the deal. What can Shane most likely learn from this experience?
A) Show less confidence at closing. B) Engage in longer selling cycles. C) Focus on individual buying motives. D) Strive for incremental commitment. E) Avoid surprises at the close.
When you modify a document to increase its effectiveness, you revise it for
A) style, format, and organization. B) content, style, and correctness C) correctness, style, and audience appeal. D) logos, ethos, and pathos E) correctness, readability, and formatting.
Mary, a human resource coordinator, has to chair a meeting for company supervisors. She writes down the purpose of the meeting, the location, the date, the starting and ending times, and the major topics to be covered. Mary has prepared a(n) ________.
A. agenda B. report C. manual D. norm