Which of the following is always equal to the face rate of interest?
A) effective rate
B) yield rate
C) market rate
D) nominal rate
D
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The annual discount rate is 9%. Compute the present value of the second option. (Round to nearest whole dollar.)
Edward Hughes has just won the state lottery and has the following three payout options for after-tax prize money:
1. $166,000 per year at the end of each of the next six years
2. $306,000 (lump sum) now
3. $518,000 (lump sum) six years from now
A) $684,000
B) $103,600
C) $414,400
D) $306,000
Which ratio measures the length of time between the purchase of inventory and the eventual collection of cash from sales?
A) Quick ratio B) Cash-to-cash operating cycle ratio C) Accounts receivable turnover ratio D) Inventory turnover ratio
Provide at least two examples of a company's competitively valuable capabilities.
What will be an ideal response?
A distinguishing characteristic of charismatic leaders is that they
A) guide others toward great heights of achievement. B) hug group members rather than shake their hands. C) turn leadership responsibility over to the group. D) are open to criticism.