Up-a-Creek, Inc., needed some long-term financing and arranged for a 6-year, $60,000, 12% mortgage loan on January 1, Year 1. Annual payments of $14,594 will be made on December 31 each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where each amount is found. What is Interest Expense?

Which of the following statements supports the claim that the gap between the rich and poor nations of the world has gotten wider because of globalization?

A. There are many countries that suffer from totalitarian governments. B. A quarter of the countries with a GDP per capita of less than $1,000 in 1960 had growth rates of less than zero from 1960 to 1995. C. There is a rapidly growing population in many developing nations. D. Unelected bureaucrats limit a nation's ability to control its own destiny. E. Endemic corruption has long been a problem in the national governments of developing nations.

A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $300

If the manager chooses a small facility and demand is high, the payoff is $100. On the other hand, if the manager chooses a large facility and demand is low, the payoff is -$200, but if demand is high, the payoff is $800. (a) What would be the best decision based on the maximax criterion? (b) What would be the best decision based on the maximin criterion? (c) What would be the best decision based on the minimax regret?