Which retail institution purchases brand name merchandise on an opportunistic basis and seeks to attract department store shoppers?

As a result of a court decision, XYZ Company must pay a claimant $100,000 two years from today. What is the present value of the $100,000 award that XYZ Company must pay in two years? Assume a 10 percent interest (discount) rate.

(a) $80,000 (b) $82,645 (c) $93,584 (d) $120,000

Which of the following led to the collapse of the Central American Common Market in 1969?

A. Devaluation of the Brazilian currency by 40 percent B. A coup in Nicaragua that led to the overthrow of the incumbent regime C. War between Honduras and El Salvador after a riot at a soccer match between teams from the two countries D. Withdrawal from the trade arrangement by Costa Rica E. Collapse of monetary policy between Costa Rica and El Salvador