The four tigers—Singapore, South Korea, Taiwan, and Hong Kong—learned from the Japanese experience and built strong export-based economies of their own

A company seeking investment opportunities has collected the following information

Project A Project B Project C Project D Initial investment $400,000 $250,000 $150,000 $270,000 PV of cash inflows $570,000 $295,000 $210,000 $282,000 Payback period (years) 3.6 3.0 4.75 3.5 NPV of project $170,000 $45,000 $60,000 $12,000 Profitability index 1.43 1.18 1.40 1.04 If the company makes a decision based on the net present value, which project will be selected? A) Project A B) Project B C) Project C D) Project D

When the bankruptcy trustee liquidates (sells and converts to cash) the debtor’s non-exempt assets, this fund of cash is called _____.

A. Priority B. Bankruptcy estate C. Fraudulent transfers D. Schedules