A consultancy calculates that it can supply crude oil assaying services to a small oil producer for $115,000 per year for five years. There are some upfront costs the consultancy will require the oil producer to absorb
What is the maximum that these upfront costs could be, if the equivalent annual annuity to the oil company is to be under $160,000, given that the cost of capital is 9%?
A) $45,000
B) $175,034
C) $201,289
D) $160,000
Answer: B
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Which of the following statements is true about the Common Sense Legal Reform Act?
A) It sought to limit punitive damages in all tort cases. B) It allowed punitive damages only when the plaintiff could convincingly prove that the harm suffered was caused by actual malice. C) It limited punitive damages to $1 million or five times the economic harm incurred by the plaintiff, whichever was greater. D) It imposed limits on medical malpractice litigation in state and federal courts by capping awards and attorney fees.
Consideration can be a promise or an act
a. True b. False Indicate whether the statement is true or false
A 62-day note issued on November 13, 2018 will mature on:
A) January 13, 2019. B) January 15, 2019. C) January 14, 2019. D) January 16, 2019.
With the perpetual inventory system, the inventory account is updated after each sale or purchase.
Answer the following statement true (T) or false (F)