In comparing credit cards, which of the following is false?
A) Some cards are more widely accepted than others.
B) Some cards offer a teaser interest rate.
C) Some cards charge an annual fee and others do not.
D) Some cards allow you to always carry a balance from month-to-month with no interest.
Answer: D
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Select the two items below that are described in a business case for a project.
A. Time frame for project completion B. Problem the project is solving C. Performance-based outcomes of the project D. Reason the project is needed E. People interested in the project
Consider the following projects, X and Y, where the firm can only choose one. Project X costs $600 and has cash flows of $400 in each of the next 2 years
Project Y also costs $600, and generates cash flows of $500 and $275 for the next 2 years, respectively. Which investment should the firm choose if the cost of capital is 10 percent? A) Project X, since it has a higher NPV than Project Y B) Project Y, since it has a higher NPV than Project X C) Project X, since it has a lower NPV than Project Y D) Project Y, since it has a lower NPV than Project X