Jude wants to receive $1,100 at the beginning of each of the next eight years. If his opportunity cost rate is 9 percent compounded annually, how much must he deposit in an account today? Use a financial calculator to make the calculation.?
A. ?$7,254
B. ?$7,086
C. ?$6,874
D. ?$6,636
E. ?$6,420
Answer: D
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On January 1, 2015, Flaggler Company's balance in retained earnings was $70,000 . During 2015, the company earned net income of $43,000 and paid $15,000 in dividends. Calculate the retained earnings balance at December 31, 2015
a. $42,000 b. $90,000 c. $98,000 d. $113,000
When discounting cash flows of the all-equity firm,
A) the revenues and expenses must be measured as they occur rather than on an incremental basis. B) there is no need to incorporate the risk premium of that the firm's stockholders would demand in the discount rate. C) all cash flows should be measured in the same currency. D) revenues and expenses should be measured on a pre-tax cash flow basis.
The form of economic integration where countries remove all barriers to trade among themselves, erect a common trade policy against non-members and allow free movement of capital and labour is called:
(a) A free trade area (b) A customs union (c) A Maquiladora (d) An economic union (e) A common market
The Zione Company can produce 90 appliances in an 8-hour shift. The plant operates continuously-3 shifts per day, 5 days per week. How many appliances can be produced in 5 weeks?