You have an absolutely brilliant child who is six years old and will be attending a private college
in twelve years.
You know that in twelve years a four-year college will cost at least $70,000 per
year (total $280,000), including tuition, books, and room and board. If you can earn 12 percent on
a mutual fund investment during the next twelve years, how much will you have to invest at
the beginning of each year to have enough to send your child to college for four years?
A) $10,359.20 B) $5,022.45 C) $11,602.30 D) $4,484.33
A
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Nietzsche Company purchased a machine on January 1, 2015 for $350,000. the machine has an estimated useful life of five years and a salvage value of $50,000. The machine is being depreciated using the double-declining balance method. The book value at December 31, 2016 (after depreciation expense for the year has been recorded) is:
A. $126,000 B. $158,000 C. $170,000 D. $224,000
Which of the following would LEAST likely be included in a firm's CRM system?
A) weekly sales call plans B) stress management techniques C) monthly planning calendar D) sales meeting notes E) customer information