(Present value tables required) You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value?
A) $12,000 a year at the end of each of the next 6 years using a 6% discount rate
B) $53,500 (lump sum) now using a 6% discount rate
C) $90,000 (lump sum) 7 years from now using a 6% discount rate
D) $92,000 (lump sum) 7 years from now using an 8% discount rate
C
Business
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The Robinson-Patman Act seeks to prevent large retailers from using their bargaining power to receive unjustifiable cost savings
Indicate whether the statement is true or false
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________ is additional inventory kept on hand so that if an order is delayed in arrival the current inventory is sufficient to cover the delay
A) Excess inventory B) Safety stock C) Stock overage D) Type A
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