Calculate the combined future value at the end of year 3 of $1,000 received at the end of year 1, $3,000 received at the end of year 2, and $5,000 received at the end of year 3, all sums deposited at 5 percent
What will be an ideal response?
FV = 1000(1.05 )2 + 3000(1.05 ) + 5000 = $9,252
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What type of interview technique could be used if it was not necessary for the researcher to watch the respondent to ensure correct procedures are followed or to verify his or her reactions?
A) telephone interview B) in-office interview C) in-home interview D) mall-intercept interview E) none of the above
Connectors can edit a message as they see fit. As a result,
A) marketers can lose control of the message. B) the news media tend to ignore information coming from third party sources. C) more and more companies are being found in violation of truth-in-advertising laws. D) fewer companies are relying on public relations to spread their messages. E) consumer-generated marketing is unhelpful to consumers making purchase decisions.
A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fallen to $15 per unit. This company's current inventory consists of 200 units purchased at $16 per unit. Replacement cost has fallen to $13 per unit. Calculate the value of this company's inventory at the lower of cost or market.
A. $2,700. B. $3,200. C. $3,000. D. $2,600. E. $2,550.
Which of the following statements about the use of interest-adjusted cost data for comparing life insurance policies is (are) true?
I. Using interest-adjusted cost data provides a more accurate measure of the cost of life insurance than is provided if the time value of money is ignored. II. Its use is most appropriate in deciding between policies when the cost variation is very small. A) I only B) II only C) both I and II D) neither I nor II