Cirrus Inc purchased certain plant assets under a deferred payment contract. The agreement was to pay $40,000 per year for ten years. The plant assets should be valued at
a. $400,000.
b. $400,000 plus imputed interest.
c. present value of $40,000 annuity for ten years at an imputed interest rate.
d. future value of $40,000 annuity for ten years at an imputed interest rate.
C
You might also like to view...
A company that uses telephone marketing to sell its products to customers is most likely using the promotion tool of ________
A) advertising B) public relations C) direct and digital marketing D) retailing E) merchandising
The two most powerful keys to audience comprehension and retention during a presentation are good organization and ________
A) professionally designed slides B) intentional repetition C) a structured question-and-answer period at the end of the presentation D) a dynamic and entertaining presentation style
________ would be LEAST likely to use supporting salespeople.
A. Producers of consumer staples B. Merchant wholesalers of installations C. Producers of business accessories D. Supermarkets E. Producers of prescription drugs
Is there anything Al can do to get around the gatekeeper?
Al drove by Dijon Enterprises and was excited to see the Lexus with the personalized license plates parked in the president’s reserved parking spot. Al knew that this car belonged to the president of the company, with whom he had been trying to meet. In fact, Al spent the last three months trying to get an appointment. Al parked his car, confidently approached the secretary’s desk, and introduced himself. “Hi, I’m Alfred Rodgers from the Kent Company. Is Mr. Bill in?” The secretary smiled and returned his greeting. “Glad to meet you. I’m Sophie, Mr. Bill’s personal assistant. I’m sorry, but he’s not in today.” Al started to say “But I saw . . .” and then hesitated while he collected his thoughts and decided how best to respond.