John Adams plans to retire at the age of 62. He wants an annual income of $60,000 per year. He
believes that he will live to be 87. He will draw the money at the beginning of each year.
How
much money will he need when he retires in order to support his $60,000 annual life style if he
will average 12 percent per year on his retirement account?
A) $470,586 B) $527,059 C) $505,302 D) $439,800
B
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The ______ empowers team members to take responsibility for performing the management functions and focuses on developing effective group structure, group process, and group development.
a. group manager b. team member c. team leader d. group member
Meetings are a gathering of employees to pool information, solicit feedback, clarify policy, seek consensus, and ________ (two words)
Fill in the blank(s) with correct word
Counterfeiting is robbery
a. True b. False Indicate whether the statement is true or false
The MacMillen Company has equal amounts of low-risk, average-risk, and high-risk projects. The firm's overall WACC is 12%. The CFO believes that this is the correct WACC for the company's average-risk projects, but that a lower rate should be used for lower-risk projects and a higher rate for higher-risk projects. The CEO disagrees, on the grounds that even though projects have different risks, the WACC used to evaluate each project should be the same because the company obtains capital for all projects from the same sources. If the CEO's position is accepted, what is likely to happen over time?
A. The company will take on too many high-risk projects and reject too many low-risk projects. B. The company will take on too many low-risk projects and reject too many high-risk projects. C. Things will generally even out over time, and, therefore, the firm's risk should remain constant over time. D. The company's overall WACC should decrease over time because its stock price should be increasing. E. The CEO's recommendation would maximize the firm's intrinsic value.