With a 10% interest rate, the present value of $100 received one year from today is $90.91
Indicate whether the statement is true or false.
TRUE
Business
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Winslow, Inc, a tennis equipment manufacturer, has variable costs of $0
60 per unit of product. In August, the volume of production was 27,000 units, and units sold were 21,800. The total production costs incurred were $30,600. What are the fixed costs per month? A) $14,400 B) $17,520 C) $3,600 D) $16,200
Business
In a modified endowment contract, the penalty tax imposed on premature withdrawals is
A) 10% B) 20% C) 30% D) 40%
Business