Lambert invests $20,000 for a 1/3 interest in a partnership in which the other partners have capital totaling $34,000 before admitting Lambert. After distribution of the bonus, what is Lambert's capital?
a. $18,000
b. $20,000
c. $6,667
d. $11,333
a
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A company borrowed cash from the bank and signed a 6-year note at 7% annual interest. The present value for an annuity (series of payments) at 7% for 6 years is 4.7665. The present value of 1 (single sum) at 7% for 6 years is 0.6663. Each annual payment equals $8,400. The present value of the note is:
A. $26,652.00. B. $40,038.60. C. $190,660.00. D. $40,540.00. E. $5,596.92.
Select the true statement regarding managing in an empowered world.
A. Close supervision, checks, and balances are recommended. B. Information must police decision making. C. "High-flex" organizations are based on obedience. D. Team performance and adding value to the customer should be emphasized. E. Emphasis should be put on managing by numbers.
A call provision gives bondholders the right to demand, or "call for," repayment of a bond. Typically, companies call bonds if interest rates rise and do not call them if interest rates decline.
Answer the following statement true (T) or false (F)
Twilight Glitters sells ornate diamond jewelry. The company obtains diamond ore from the Yakutia region of Russia. In this scenario, the ore obtained by Twilight Glitters can be classified as _____.
A. human resources B. capital resources C. natural resources D. man-made resources