Your plans for the future have finally materialized because you have won the lottery
Congratulations! The lottery marketing material says you have won $20,000,000 but a more careful examination of the terms and conditions means that you have won twenty $1,000,000 beginning-of-the-year cash flows with the first cash flow today. Further, the lottery contract says that instead of waiting for so many years to collect your winnings, you could accept a lump sum check today in the amount of $12,000,000. If you determine that the appropriate interest rate to compare these two alternatives is 6%, which alternative is preferred? To answer this question, solve for the present value of each alternative and make your decision based strictly on the values. You may ignore taxes in your decision
PV of the annuity is $12,158,116.45 and is therefore the preferred choice.
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Ideally, all visuals should
A) be placed in a separate appendix. B) use the same format. C) be as close to the text referring to it as possible. D) be alphabetized. E) be bunched.
Amy, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company "that cares." So when asked to serve on its board of directors, she gladly accepted the invitation. As a member of the board, Amy will be involved with the organization's
A. overall strategic goals and approval of major decisions. B. daily company management and employee supervision. C. overall strategic goals and global HR management. D. daily specific company goals and management of a specific department. E. oversight of sales and marketing.
Jack and Diane are trying to decide which movie to attend. Jack loves action and adventure and Diane prefers sci-fi. Diane is prepared to hard sell her movie picks, but was pleasantly surprised when Jack told her “just pick it. Anything you want is fine with me.” Which conflict management strategy did Jack use?
a. Collaboration b. Accommodation c. Compromise d. Avoidance
Henry David Thoreau felt that war was unjust and therefore refused to pay his taxes when the United States declared war on Mexico. If Henry David Thoreau's neighbor agreed that war was unjust but paid his taxes because the law required him to pay the tax, the neighbor would be applying the jurisprudence theory of
a. legal positivism. b. natural law. c. legal realism. d. common law.