Two advantages of financing with current liabilities are flexibility and lower interest cost

Calculate the annual cash flows of a $500,000, 12-year fixed-payment deferred annuity earning a guaranteed 5 percent per year if annual payments are to begin at the end of year 4.

A. $32,652.38. B. $79,018.76. C. $62,195.01. D. $65,304.76. E. $31,097.50.

An organization that has an organic structure has:

A) low formalization. B) a limited information network. C) little participation by low-level members in decision making. D) high complexity.