A "footing" is which of the following:
A: A masonry course upon which the mudsill is fastened;
B: Square blocks of concrete placed under floor joists;
C: A slab of concrete in the rear yard area used for recreational purposes;
D: A heavy concrete course placed in the ground upon which the concrete foundation is set.
Answer: D: A heavy concrete course placed in the ground upon which the concrete foundation is set.
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Indicate whether the statement is true or false
Birdman, Inc. is currently considering an eight-year project that has an initial outlay or cost of $80,000. The future cash inflows from its project for years 1 through 8 are the same at $30,000. Birdman has a discount rate of 13%
Because of concerns about funds being short to finance all good projects, Birdman wants to compute the profitability index (PI) for each project. What is the PI for Birdman's current project? A) About 1.50 B) About 1.60 C) About 1.70 D) About 1.80