Which of the following statements is CORRECT?
a. Some of the cash flows shown on a time line can be in the form of annuity payments, but none can be uneven amounts.
b. A time line is not meaningful unless all cash flows occur annually.
c. Time lines are not useful for visualizing complex problems prior to doing actual calculations.
d. Time lines cannot be constructed in situations where some of the cash flows occur annually but others occur quarterly.
e. Time lines can be constructed for annuities where the payments occur at either the beginning or the end of the periods.
e
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The level of merchandise exports in 2013, worldwide, was
A. $12.3 trillion. B. $4.6 trillion. C. $18.8 trillion. D. $8.5 trillion. E. $23.4 trillion.
A characteristic of a string location is _____
a. being bounded by two important intersections b. balanced tenancy c. little extension of the shopping area onto side streets d. being a one-hundred percent location
Which one of the following statements is TRUE?
A. Shareholders benefit when the company is acquired because they usually receive a higher price for their shares B. Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price. C. Shareholders want to prevent takeovers because they don't want the company purchased out from under them. D. A shareholder rights provision encourages takeovers because shareholders have the right to approve the takeover if the terms are good. E. A classified board is one in which the board members serve anonymously.
Your firm intends to finance the purchase of a new construction crane. The cost is $1,500,000. What is the size of the first payment if the crane is financed with an interest-only loan at an annual rate of 8.50%?
A) $228,611.56 B) $127,500.00 C) $3,391,475.16 D) There is not enough information to answer this question.