Answer:
Answer 1 = Absolutely yes.
Answer 2 = Yes.
Answer 3 = Yes, it does provides.
Further explanation is discussed below.
Explanation:
So, in this question, we asked three more questions, which will be answered accordingly.
Q1. Does the UCC provide for more creative methods to deal with a breach of contract than does traditional common law?
Ans: Absolutely yes.
How?
Explanation: Firstly, there isn't any need for the provision of privity of contract in UCC in case, one desires to sue someone. On the contrary, in common law, it is the requirement to have privity of contract if one desires to sue someone.
Additionally, in UCC there are no harsh damages in case of fraud and it permits the buyer or purchaser to preserve a reputable title. While on the other hand in common law, there are harsh damages present.
Lastly, in the case of breach, discharge happens when the contract is destroyed. Contrastingly, lack of practical means leads to discharge of the contract.
Hence, it can be said from the above arguments that UCC does provide more creative ways than common law.
Q2. Does the common law provide any relief for a breach other than money damages?
Ans: Yes
How?
Explanation:
In case a person has breached the contract then he/she will be forced by the authorities to fulfill the terms and conditions of the contract. Moreover, escape from the contract is possible for the person or party who hasn't breached the contract along with harsh punishments for the party who has breached. Lastly, in order to avoid people from breaching again, some liquidation punishments are enforced. Therefore, common law does provide relief other than money damages.
Q3. How could the UCC be characterized, if at all, as providing more flexibility for merchants?
Ans: Yes, it does provides.
How ?
Explanation:
In common law, contracts are very shady and ambiguous on terms and conditions between the merchants which leads to quarrel and disorder. But UCC permits them to come to contract with complete agreement only. Furthermore, common law requires a stated price in the contract however UCC doesn't require this criteria. Additionally, warranty exists in UCC which depends on several factors such as, merchant's promise, merchant's fitness etc.
Hans purchased a 20-year corporate bond in 2015 that promised to pay him 3% interest semi-annually for the life of the loan. The corporation reserved the right to redeem the bond in 2020. Which of those numbers is the bond's maturity?
A. 2015
B. 3
C. 20
D. 2020
Answer:
The answer is "Option C"
Explanation:
In this question the number of the maturity bond is "20", and the bonds are 20 years for corporate bonds, which maturity in 20 years, that's why Option C is correct.
What is the maximum amount a firm should pay for a project that will return $15,000 annually for 5 years if the opportunity cost is 10%
Answer:
$56,861.80
Explanation:
The maximum price an investor would pay an investment today is the present value of the investment's future cash flows discounted by the opportunity cost of capital of 10%.
Present value of a future cash flow=future cash flow/(1+cost of capital)^n
n refers to the period in which the cash flow is expected , for instance,for year 1 cash flow n is 1, 2 for year 2 and so on.
PV=$15,000/(1+10%)^1+$15,000/(1+10%)^2+$15,000/(1+10%)^3+$15,000/(1+10%)^4+$15,000/(1+10%)^5
PV=$56,861.80
A volume variance occurs when the company operates at a different capacity level than was expected.
a. True
b. False
Answer: a.True
Explanation:
Maple Farms, Inc. v. City School District of Elmira. Read the summary of the court opinion. Could something like this bankrupt a company? Do you agree with the decision? Why? How does a company avoid this type situation?
The correct answers to these open questions are the following.
Maple Farms, Inc. v. City School District of Elmira.
Could something like this bankrupt a company?
Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.
Do you agree with the decision?
It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.
In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.
That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.
Coronado Industries produces face cream. Each bottle of face cream costs $11 to produce and can be sold for $15. The bottles can be sold as is, or processed further into sunscreen with an additional cost of $16 each. Coronado Industries could sell the sunscreen bottles for $21 each.
A. Face cream must be processed further because it increases profit by $3 each.B. Face cream must be processed further because its profit is $9 each.C. Face cream must not be processed further because costs increase more than revenue.D. Face cream must not be processed further because it decreases profit by $1 each.
Answer:
c
Explanation:
Profit = Total revenue - cost
Profit if bottle is sold as face cream = $15 - $11 = $4
Profit is bottle is sold as sunscreen = $21 - ($16 + $11) = $-6
Processing the bottle further into sunscreen increases costs more than revenue and thus should not be processed further
A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:
a. the direct-material price variance is favorable.
b. the total direct-material variance is unfavorable.
c. the total direct-material variance is favorable.
d. the direct-labor efficiency variance is unfavorable.
e. any of the other answers can occur.
Answer:
e. any of the other answers can occur.
Explanation:
The reason for the decision above is variances are not dependent on the direct material quantity variance and the calculation of all is differ. We also know the total direct material variance is total of material quantity & price variance that is because total variance may be favorable or unfavorable. And the option(d) direct labor efficiency variance do not relate with material variance.
In what order do managers typically perform the managerial functions?
If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 years, approximately how much would you have to invest in the account today assuming a 6% interest rate?
Answer:
Present value of annuity P = $137,639.05 (Approx)
Explanation:
Given:
Amount withdraw A = $12,000
Number of year n = 20
Rate r = 6%
Find:
Present value of annuity P
Computation:
P = A[1-(1+r)⁻ⁿ]/r
P = 12,000[1-(1.06)⁻²⁰]/0.06
P = 12,000 x 11.46992122
P = 137,639.05 (Approx)
Present value of annuity P = $137,639.05 (Approx)
The goal of maintenance is to minimize the cost of maintenance.
a. True
b. False:
Answer:
B) false
Explanation:
maintenance is the way of preserving condition of necessary asset.
The goal of maintenance is in achieving maximum efficiency as well as availability of needed utilities as well as facilities with optimum cost with safety of life and property.
Examine the credit terms below
Interest Rates and Interest Charges
0% introductory APR for 10 months.
Annual Percentage Rate (APR) for purchases after that, your APR will be 10.99%, 15.99%, or 17.99% based on your creditworthiness. This APR will vary with the market, based on the Prime Rate.
Why would the lender offer a lower introductory APR for 10 months?
To reduce its profits
O To eliminate its risk
To entice consumers to use its credit card
To encourage consumers to apply for secured loans
Answer:
To entice customers to use it's credit card
Explanation:
Credit Card companies use tactics like this because it sounds more appealing then having to start paying immediately. This gives them an advantage over other companies that don't offer this making more people want to use their credit card.
In the above situation, the lender is offering a lower introductory APR for ten months to entice the consumers to use its credit card.
What is a credit card?A credit card is a form of plastic and digital money, which is used to pay for the purchases of the cardholder against the credit limit offered to the consumers.
APR is the rate at which the interest rate charged to the credit card holders in case of defaulted or late repayments. Low APR is attractive for the consumers as they can get to use a credit limit.
Hence, option C holds true regarding a credit card.
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The difference between the actual quantity and the standard quantity, multiplied by the standard price, is the:
Answer:
the material quantity variance
Explanation:
As we know that
Material quantity variance is
= (Standard quantity - actual quantity) × standard price
This represent that the difference between the standard quantity and the actual quantity should be multiplied with the standard price is known as the material quantity variance
Therefore as per the given situation, the material quantity variance is the answer
Hence, the same is to be considered
A simple trust has ordinary income of $56,000, a long-term capital gain of $20,000 (allocable to corpus), and a trustee commission expense of $5,500 (payable from corpus). The two income beneficiaries, Woo and Jae, are entitled to the trust's annual accounting income, based on shares of 60% and 40%, respectively. Woo is allocated DNI of $________ and Jae is allocated DNI of $._________
Answer:
Woo is allocated DNI of $30,300 and Jae is allocated DNI of $20,200
Explanation:
Item Totals Accounting Taxable Distributable N.I.
Income Income /Deductions
Ordinary income 56,000 56,000 56,000
Net long-term capital 20,000 20,000
gain
Fiduciary fees -5,500 -5,500
Personal exemption -300
Accounting Income/ Taxable 56,000 70,200 70,200
Income before the Distributions
Deduction
Exemption 300
Corpus Capital Gain/Loss -20,000
Distributable Net Income 50,500
Distribution Deduction 50,500
Entity Taxable Income 19,700
Distributable Net Income
Woo allocated DNI = 50,500 * 60% = $30,300
Jae allocated DNI = 50,500 * 40% = $20,200
You are given an annuity-immediate with 11 annual payments of 100 and a final balloon payment at the end of 12 years. At an annual effective interest rate of 3.5%, the present value at time 0 of all the payments is 1,000. Using an annual effective interest rate of 1%, calculate the present value at the beginning of the ninth year of all remaining payments.
Answer:
The present value at the beginning of the ninth year of all remaining payments is 316.09
Explanation:
It is assumed that it is an ordinary annuity.
First, we need to calculate the final payment.
Use the following formula to calculate the final payment
Final Payment When an annuity is ordinary
Final payment = fv(rate,nper,pmt,pv) * (1+3.5%)
Where
rate = 3.5%
nper = 11
pmt = 100
pv = -1,000
Placing values in the formula
Final payment = fv(3.5%,11,100,-1000)*1.035
Final payment = $150.87
Now calculate the present value at the beginning of the ninth year of all remaining payments.
Present Value = ( Ninth payment / ( 1 + interest rate )^9 ) + ( Tenth payment / ( 1 + interest rate )^10 ) + ( Eleventh payment / ( 1 + interest rate )^11 ) + ( Final payment / ( 1 + interest rate )^11 )
Present Value = ( 100 / ( 1 + 3.5% )^9 ) + ( 100 / ( 1 + 3.5% )^10 ) + ( 100 / ( 1 + 3.5% )^11 ) + ( 150.87 / ( 1 + 3.5% )^11 )
Present Value = 73.37 + 70.89 + 68.49 + 103.34
Present Value = 316.09
Charley Davison Inc. produced 10,000 motorcycles last year and sold 9,000 of them each for $18,000/bike. Variable cost was $13,000/bike. Fixed cost was $25 million and it had no debt. Assume no profits tax. It paid out all profits as dividends. Which of the following are true?
a. Profits = $20 million
b. Profits = $25 milion
c. Piotits-513 million loss)
d. Change in cash= -S20 million
e. Change in cash= -$25 million
f. Change in cash =- $13 million
Answer:
a. Profits = $20 million
Explanation:
The computation is shown below
Total revenue is
= Number of bikes sold × sale price of a bike
= 9,000 × 18,000
= $162,000,000
Total costs = fixed costs + variable costs
where,
Fixed costs = $25 million or $25,000,000.
And,
The Variable cost for the bikes sold is
= number of bikes sold × variable cost per bike
= 9000 × 13000
= $117,000,000
So, the total costs is
= $25,000,000 + $117,000,000
= $142,000,000
Now
Profit = total revenue - total cost
= $162,000,000 - $142,000,000
= $20,000,000
Hence, the correct option is a.
Identifiable intangible assets would include all of the following except patents. goodwill. franchises. trademarks.
Answer:
goodwill
Explanation:
As we know that the intangible assets are those assets which cannot be seen or even touched
It involved the assets such as patent, goodwill, trademark, franchisee, etc
But the asset which cannot be identifiable is goodwill
Therefore as per the given situation, the goodwill is the correct option
Hence, the second option is correct
The impact of globalization on human resource planning
Answer:
The answer is below
Explanation:
The impact of globalization on human resource planning is both positive and negative depending on the point of view it is being looked upon.
Some of which are:
1. Globalization has led to firms and organizations to recruit from far and wide, across nations if needed.
2. It has reduced the cost of traveling and goods and services deliveries
3. It has led to increasing firms reducing the cost of maintaining staff as individual contractors have increased due to the opportunity of remote jobs caused by globalization.
4. The human resources planning has been impacted by globalization such that, many staff has been retrenched.
5. Globalization has also caused brain drain to developing nations in terms of human resource planning.
A consumption tax is a tax strictly on spending, while an income tax is a tax on salary paid for work. You are contemplating a run for the presidency in 2012 and some of your economic advisors have argued that you should campaign to replace the income tax with a consumption tax. What argument for a consumption tax might they put forward to you?
Answer:
Consumption taxes are generally considered better for the economy than income taxes.
Explanation:
This is because consumption taxes promote saving and investment, since they are taxes that penalize consumption, and in such a situation, people would likely prefer to consume a bit less, save a bit more, and this additional savings become funds for more investment. More investment would then help the economy grow, creating a positive feedback loop. This is likely the argument that would be presented by the economic advisors.
Income taxes on the other hand, penalize people's hard earned income, whether it is from their work salaries, or from dividends, o from interest.
Which answer best illustrates what trade-offs are?
Challenges to Employee Development Special challenges in employee development include overcoming the barrier that keeps women and minorities from obtaining top jobs, known as the glass ceiling; preparing for the retirement of leaders, a process known as succession planning; and addressing the problem of dysfunctional managers. To address the glass ceiling, companies need to implement development systems that ensure that minorities and women have access to developmental job experiences and developmental relationships. To have an effective succession-planning program, organizations need to identify and develop high-potential employees for management positions. Dysfunctional managers could benefit from additional development to help them succeed. A well-designed system for employee development can help organizations face three widespread challenges: the glass ceiling, succession planning, and dysfunctional behavior by managers. This activity is important because it gives you the opportunity to review several examples of challenges in employee development. The goal of this activity is to discuss how organizations are meeting the challenges of the "glass ceiling," succession planning, and dysfunctional managers. Read each scenario, then select the appropriate category to which it refers.
1. Angela Martinez had difficulty finding a mentor as a Latin American woman.
2. Our organization systematically evaluates high potential employees that we believe can succeed in higher-level business positions.
3. To overcome what would be considered "toxic behaviors", Julie practiced role plays with her coach.
4. Although John, our CEO may be retiring soon, our organization has provided development experiences for candidates to succeed in his role.
5. Our manager, Tom, is arrogant and abrasive, which alienates people both inside and outside of the organization.
6. Our organization provides job assignments based on the successful career paths of past upper managers.
7. The Executive Team at our organization consists of seven men and one woman.
8. Our organization offers Individual Coaching for Effectiveness (ICE) for managers deemed to display dysfunctional behaviors.
9. Our organization tends to have an "old boy’s network" that excluded women from key promotions and positions of power.
Answer:
1. Angela Martinez had difficulty finding a mentor as a Latin American woman. ⇒ REFERS TO GLASS CEILING
2. Our organization systematically evaluates high potential employees that we believe can succeed in higher-level business positions. ⇒ REFERS TO SUCCESSION PLANNING
3. To overcome what would be considered "toxic behaviors", Julie practiced role plays with her coach. ⇒ REFERS TO DYSFUNCTIONAL MANAGERS
4. Although John, our CEO may be retiring soon, our organization has provided development experiences for candidates to succeed in his role. ⇒ REFERS TO SUCCESSION PLANNING
5. Our manager, Tom, is arrogant and abrasive, which alienates people both inside and outside of the organization. ⇒ REFERS TO DYSFUNCTIONAL MANAGERS
6. Our organization provides job assignments based on the successful career paths of past upper managers. ⇒ REFERS TO SUCCESSION PLANNING
7. The Executive Team at our organization consists of seven men and one woman. ⇒ REFERS TO GLASS CEILING
8. Our organization offers Individual Coaching for Effectiveness (ICE) for managers deemed to display dysfunctional behaviors. ⇒ REFERS TO DYSFUNCTIONAL MANAGERS
9. Our organization tends to have an "old boy’s network" that excluded women from key promotions and positions of power. ⇒ REFERS TO GLASS CEILING
Explanation:
Glass ceiling refers to barriers laid out that prevent certain employees from advancing within an organization.
Succession planning takes place when high potential employees are trained and followed in order to fill future vacant managerial positions.
Dysfunctional managers are managers that fail to do their job properly because they do not trust their employees and try to make all important decisions themselves. They really do not want to manage other people's work, instead they believe that only they can do it right.
Differences between a job order cost system and a process cost system include all of the following except the
a. flow of costs.
b. documents used to track costs.
c. point at which costs are totaled.
d. unit cost computations.
Answer:
a. flow of costs.
Explanation:
job order costing system is used mainy by companies that make small quantities of distinct products or performs unique services that sticks to specifications as design by the purchaser.
A 40% increase in price led the quantity supplied of bicycles in a competitive market to increase from 320.00 to 350.00.
What is the price elasticity of supply for bicycles?What is the best description of the price elasticity of supply for bicycles?A. inelastic
B. elastic
C. normal
D. unitary elastic
Answer:
A. inelastic
Explanation:
Price elasticity of supply = Percentage change in Quantity supplied / Percentage change in price
% change in Quantity supplied = (350.00-320.00) / 350.00
% change in Quantity supplied = 0.08571429
% change in Quantity supplied = 8.57%
Price elasticity of supply = 8.57/40
Price elasticity of supply = 0.21425
Conclusion: The price elasticity of supply is inelastic because the elasticity is below 1.
A 10-year loan of 120,000 is to be repaid with payments at the end of each month. Interest is at an annual effective rate of 6.00%. The first monthly payment is 800. Each additional payment will be k more than the previous month payment. Find k.
Answer:
k = 9.73.
Explanation:
So, from the question we are given the following parameters or information which are going to be useful in solving this problem, They are:
=> The total amount that was borrowed = 120,000, the number of years to repay the loan = 10 years, the annual interest rate = 6% and the first payment = 800.
STEP ONE: Determine the present value.
We are going to need to determine the value for the compound interest which is given as: [(1 + 6%)^(1/12) - 1) × 12 = 5.841%
Therefore, the present value calculated as thus:
= 800/ (5.841 / 12) × ( 1 - 1/ (1 + 5.841/12)^(12 ×10)) = 72579.33.
STEP TWO: Determine the value of k.
The other value,r = k / (5.841 /12 × (1 + 5.841 /12)^(12 × 10))× [ (1 + 5.841 / 12)^(12 × 10 )- 1)/( 5.841 /12) -12 × 10).
= 4872.45 × k.
Therefore, 120,000 = 72579.33 + 4872.45 × k.
k = 9.73
Which of these is not a responsibility of homeownership?a) Being a courteous neighborb) Getting appraisals done annuallyc) Keeping your home properly insuredd) Keeping your home safe and securee) Regular home maintenance
Answer: Being a courteous neighbor
Explanation:
Homeownership simply means having a home by an individual. Some of the responsibilities of homeownership include paying taxes, paying water bills, cleaning gutters, making mortgage payments, keeping the home insured, keeping the home safe, home maintenance etc.
It should be noted that being a courteous neighbor is not a responsibility of a homeownership. Therefore, the correct option is A.
Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.92 million and create incremental cash flows of $580,127.00 each year for the next five years. The cost of capital is 9.52%. What is the internal rate of return for the J-Mix 2000?
Answer:
15.54 %
Explanation:
The Internal Rate of Return (IRR) is the Interest rate that will make the present value of Cash Flows equal to the price or initial investment.
Step 1
First determine the summary of Cash Flow of the project.
The Projects` cash flows are as follows :
Year 0 = $1,920,000
Year 1 = $580,127.00
Year 2 = $580,127.00
Year 3 = $580,127.00
Year 4 = $580,127.00
Year 5 = $580,127.00
Step 2
Calculate the IRR.
From this point i will use a Financial Calculator. The Function to use is the CFj for uneven Cash Flows.
($1,920,000) CFj
$580,127.00 CFj
$580,127.00 CFj
$580,127.00 CFj
$580,127.00 CFj
$580,127.00 CFj
Shift IRR/YR 15.5415 or 15.54 %
Conclusion :
The internal rate of return for the J-Mix 2000 is 15.54 %
The riskiest stage of the product life cycle is the
O introduction stage
O growth stage
O maturity stage
O decline stage
Answer:
growth stage
Explanation:
growth stage
Which of the following statements is NOT true regarding the master production schedule? A. The master production schedule is a timetable that specifies what is to be made and when. B. The master production schedule is a result of disaggregation. C. The master production schedule is a sales forecast. D. The master production schedule provides input to material requirements planning systems.
Answer:
C is not true so it is the correct answer
Explanation:
The statement that is not true about master production schedule is "C. The master production schedule is a sales forecast."
The term "master production schedule (MPS) is used to refer to the specific allotted time period for the production of each commodity. This means that each individual commodity is given a specific scheduled time for its production.
MPS shows the scheduled idea of what product is to be produced and in how much time. This schedule allows for the presentation of what specific commodity is to be produced and at what time. This schedule is a sort of timetable that regulates and monitors the production of individual commodities. It also provides inputs about the materials required and helps in the planning systems. But what it does not do is predict the sales or provide a forecast of sales.While the Master Production Schedule is used more like a timetable to regulate and identify what item has to be produced and when it also helps in the proper production and keeping tabs on the production schedule. Thus, the statement that is wrong about the MPS is option C.
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Penney Fashions is adding a new line of shoes to the company portfolio and has the following information: the expected market return is 13%, the risk-free rate is 3%, and the expected return on the new project is 11%. What is the beta of the project?
Answer:
0.80
Explanation:
Based on the Capital Asset Pricing Model(CAPM), the formula for determining the expected return on the project stated below can be used to determine the beta of the project, whereby the formula is rearranged such that the project beta is made the subject of the formula:
expected return=risk-free rate+beta*(market return-risk-free rate)
expected return on the project=11%
risk-free rate=3%
beta=the unknown
market return=13%
11%=3%+beta*(13%-3%)
11%=3%+beta*10%
11%-3%=beta*10%
8%=beta*10%
beta=8%/10%=0.80
After the USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will:A. decrease.B. increase.C. remain the same.D. change in an indeterminate manner.
Answer: increase
Explanation:
A tariff is a tax that is imposed by the government of a particular country on imported goods brought into the country from other countries. A tariff is usually used to protect the infant industry of the domestic economy.
Since USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will increase. The tariff will bring about an increase in cost on the part of the producers of gigastraps which will in turn, lead to a rise in the price of gigastraps in USA.
Due to labor-market regulations that make it difficult for young workers to break into the labor force, Spain has the highest level of youth unemployment (age 15-24) in Europe. The youth unemployment rate peaked in 2013 at 55.7% and has since fallen, but as of 2018 it was still 33.4% (ILO estimates). Based on this information, select whether the following suggested measures would reduce or increase Spanish youth unemployment.
a. offer a government subsidy for companies that hire long-term unemployed youth
b. lower the age at which students can enter dedicated skills-training programs
c. enable youth to leave high school at a younger age
d. increase Social Security contributions by companies
e. increase the number of jobs that are covered by fixed-term contracts
f. make it easier for companies to break fixed- term contracts to lay off workers
g. encourage students to stay in the education system longer
Answer: See explanation
Explanation:
a. offer a government subsidy for companies that hire long-term unemployed youth. = Reduce youth unemployment
In this case, since subsidy is given out to companies that employ long term unemployed youth, this will be a source of motivation to the employees which will in turn employ more youths and this reduces youth unemployment.
b. lower the age at which students can enter dedicated skills-training programs. = Reduce youth unemployment
This will also reduce youth unemployment as more students that is, more youths can enter can go into skills training programs which will lead to reduction of youth unemployment.
c. enable youth to leave high school at a younger age. = Increase youth unemployment.
When youths leave school at a younger age, this will mean that more youths would be looking for jobs and this will increase unemployment.
d. increase Social Security contributions by companies. = Increase youth unemployment
A rise in the social security contributions would lead to a rose in the youth unemployment.
e. increase the number of jobs that are covered by fixed-term contracts. = Increase youth unemployment
This will also bring about an increase in youth unemployment.
f. make it easier for companies to break fixed- term contracts to lay off workers. = Reduce youth unemployment
When companies find it easier to break fixed term contracts to lay off workers, this implies that the old workers in the organization would leave the organizations and more youths can be employed. This help in the reduction of youth unemployment.
g. encourage students to stay in the education system longer. = Reduce youth unemployment.
When students are encouraged to stay in the education system longer, thus helps to reduce youth unemployment.
The future value of a dollar
1. increases with lower interest rates
2. increases with higher interest rates
3. increases with longer periods of time
4. decreases with longer periods of time
Answer:
C. 2 and 3
Explanation:
Note: Options to the question are as follows "A. 1 and 3 , B. 1 and 4, C. 2 and 3, D. 2 and 4.
FV = PV(1 + r)^t
Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time. Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.
Thus, Option c is correct.