What is the present value of an investment that pays $400 at the end of three years and $700 at the end of 10 years if the discount rate is 5%?

Identify an accurate statement about intangible assets.

(a) They are less valuable than financial assets. (b) They cannot be touched and are non-monetary. (c) They are not responsible for a company's competitive advantage. (d) They are more valuable than physical assets.

Which of the following statements is true of the reasonable person standard used in a negligence lawsuit?

A) The reasonable-person standard is highly subjective. B) The judge or jury determines what a reasonable person would do in a particular situation. C) The code of ethics followed by the defendant's organization is used to determine the behavior of a reasonable person in a particular situation. D) The reasonable-person standard is used to establish causation.