The present value of an ordinary annuity is the present value of a series of equal rents withdrawn at equal intervals.
a. true
b. false
Answer: a. true
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A(n) ______ has ownership in operations in two or more countries.
a. international company b. global company c. multinational corporation d. multicountry company
Which of the following dictates overall business objectives?
A) the broad environment in which the business operates B) public relations strategies C) public relations programs D) marketing and advertising strategies
Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: The unit cost of widgets for direct cost inventory purposes is:
a. $75 b. $45 c. $89 d. $70
Jameson and French entered into a contract in which Jameson was required to deliver merchandise to French by January 19 . On January 5, Jameson told French that he (Jameson) had no intention of delivering the merchandise required by the contract. Prior to January 19, French may successfully sue Jameson for
a. accord and satisfaction. b. substantial performance. c. liquidated damages. d. anticipatory breach.