Elinore is asked to invest $5100 in a friend's business with the promise that the friend will repay $5610 in one year. Elinore finds her best alternative to this investment, with similar risk, is one that will pay her $5508 in one year
U.S. securities of similar term offer a rate of return of 7%. What is the opportunity cost of capital in this case?
A) 7%
B) 8%
C) 9%
D) 10%
Answer: B
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Face-saving serves the purpose of which of the following?
A. the initiation of anger B. creating a surprise C. adding to disgust D. the preservation of dignity
Barre plans to sell 5,000 units each quarter next year. During the first two quarters each unit will sell for $12; during the last two quarters the sales price will increase $1.50 per unit. What is Barre's estimated sales revenue for next year?
A. $255,000. B. $244,000. C. $240,000. D. $270,000. E. None of the answers is correct.
Since its development in ____ by Alexander Graham Bell, the telephone has become one of the most common home and business appliances.
A. 1876 B. 1896 C. 1916 D. 1936
An unclassified balance sheet provides more information to users than a classified balance sheet.
Answer the following statement true (T) or false (F)