In China, Dell had to find a meaningful interpretation of "direct sales." A literal translation results in zhi xiao which is the Chinese term for "illegal pyramid marketing schemes"
To counteract the negative connotation, Dell's sales representatives began using the phrase zhi xiao ding gou, which translates as:
A) direct orders.
B) direct marketing.
C) pyramid orders.
D) pyramid scheme.
E) direct shipping.
A
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Ajax Corporation is planning a 10 year project that will have an initial cost of $500,000. During the first 2 years, there will be cash outflows of $40,000. Years 3-6 will see cash inflows of $120,000. Years 7-10 will see cash inflows of $200,000. If the company's required rate of return is 9%, determine the NPV of the project.
A) $500,000 B) $225,650 C) $143,200 D) $375,800
A debt that is expected to be collected in less than 1 year is a __________________.
a. Demand deposit b. Cash equivalent c. Sort term debt d. Commercial paper