You are offered a perpetuity that will pay you $18,000 per year starting in one year. The seller wants you to pay $300,000 for the perpetuity. If you buy it at that price, what return will you earn?

An annuity due is an annuity for which the cash flows occur on the first day of each period

Indicate whether the statement is true or false

In performing a vertical analysis, the base for cost of goods sold is:

A) total selling expenses. B) net sales. C) total expenses. D) total revenues.