You are 21 years old today. Your grandparents set up a trust fund that will pay you $25,000 per
year for 20 years, starting on your 65th birthday to supplement your retirement.
If the trust can
earn 7.5% per year, how much will your grandparents need to put in the trust fund today (rounded
to the nearest ten dollars)?
A) $22,310 B) $11,370 C) $17,450 D) $5,250
B
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ABC Inc has the following information available for one of its divisions: Average operating assets $7,000,000 Return on investment (ROI) 25% Sales $6,000,000 If ABC requires a minimum return on its investments of 20%, what is their residual income?
A) $1,500,000 B) $6,000,000 C) $1,750,000 D) $350,000
The ________ states that an executory contract which cannot be performed by its own terms within one year of its formation must be in writing
A) parol evidence rule B) common law of contracts C) merger clause D) one-year rule
Tony and Barb went ____ talk with their supervisor about their proposal to job share
A) in to B) into
Why is it important for senior management to be involved in a new implementation project?
What will be an ideal response?