A company has provided the following data concerning a proposed project (Ignore income taxes.): Initial investment$10,000 Annual cost savings$? Salvage value$0 Life of the project 8yearsDiscount rate 14%Net present value$1,300 Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The annual cost savings must be closest to: (Round your intermediate calculations to 3 decimal places.)
A. $1,875
B. $2,436
C. $3,704
D. $4,024
Answer: B
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Smith and Company reported net income for the current year. Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?
A) Cash dividends were paid to stockholders during the year. B) Depreciation expense was recorded for the year. C) A bank loan was repaid during the year. D) Equipment was purchased for cash during the year.
In integrated markets, the covariance with the world should determine the expected return on the ________
A) international market B) world market C) domestic market D) country market
All of the following are service inclination skills EXCEPT:
A. Helpfulness B. Courtesy C. Social sensitivity D. Thoughtfulness E. Clerical speed and accuracy
Which of the following is a true statement regarding project time estimates?
A) Project time estimates for task completion and overall system quality are significantly influenced by the assignment of people to tasks. B) Resource estimates should not be revised based upon the skills of the actual person assigned to a particular activity. C) Staff learning can be enhanced by assigning individuals to tasks which are "over their heads." D) Project time estimates are always on target. E) Hardware and software are the most important, and expensive, part of project resource planning.