A bond promises to pay $500 in one year and $10,500 in two years. What is the correct way to find the present value of this bond?
a. $500(1 + r) + $10,500/(1 + r)2
b. $500/(1 + r) + $10,500/(1 + r)2
c. $11,000/(1 + r)2
d. $500(1 + r) + $10,500(1 + r)2
b
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The table above gives a nation's government outlays and tax revenues for 2012 through 2016. During which years did the country have a budget surplus?
A. 2012 and 2013 B. 2016 only C. 2015 only D. 2014 and 2016 E. all except 2015
A business cycle has two turning points, which are the
A) recession and trough. B) peak and recession. C) trough and peak. D) expansion and recession. E) peak and expansion.
Current calculations make it clear that for the vast majority of young workers, the rate of return on Social Security taxes and benefits will be
A. roughly equal to what would have been generated in private stock-market investments. B. greater than what would have been generated in private stock-market investments. C. lower than what would have been generated in private stock-market investments. D. taxed more heavily than what would have been generated in private stock-market investments.
If a plant manager is tasked to reduce costs by 10% this is an example of what kind of goal?
a. strategic b. long-term c. tactical d. operational