A college received a contribution to its endowment fund of $2 million. It can never touch the principal, but can use the earnings. At an assumed interest rate of 9.5 percent, how much can the college earn to help its operations each year?
A) $95,000
B) $19,000
C) $190,000
D) $18,000
C
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Which of the following statements is not true?
A. By 1914, at least 37 U.S. companies had production facilities in two or more overseas locations. B. The first multinational company, Singer Sewing Machine, built a factory in Scotland in 1868. C. In the 1920s, all cars sold in Japan were made in the United States. D. Friedrich Bayer purchased an interest in a New York plant in 1865. E. The level of intracompany trade of multinationals in 1930, as a percentage of total world trade, may have exceeded the proportion at the end of the 20th century.
Which of the following is an intentional tort?
A) breach of duty of care B) defect in product manufacture C) disparagement D) negligence
When a couple has a common law marriage, they must still get a divorce in order to end their relationship
Indicate whether the statement is true or false
In the event of a breach of sales contract by the seller, all reasonable costs or direct expenses associated with the delay in receiving the goods or in tracking down substitute goods are included in the:
a. total damages b. exemplary damages c. consequential damages d. inconsequential damages e. none of the other choices are correct