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Author Question: Express Airlines is considering the purchase of an aircraft to supplement its current fleet. In ... (Read 132 times)

Metfan725

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on: Jul 10, 2018
Express Airlines is considering the purchase of an aircraft to supplement its current fleet.
 
  In estimating the impact of adding this aircraft to the fleet, management has developed the following expected cash flows:
 
  Year Cash Flow
  1 -1,000
  2 100,000
  3 100,000
  4 100,000
  5 100,000
  6 100,000
  7 -300,000
 
  If the discount rate is 10, what is the present value of these estimated flows? (Round to the nearest whole dollar)
  A) 379,080
  B) 224,211
  C) 189,760
  D) 154,869
  E) 199,000

Question 2

When real property is used as collateral for a bond, it is termed a/an ________.
 
  A) debenture
  B) mortgaged security
  C) indenture
  D) senior bond


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bimper21

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

Answer: B


Metfan725

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Reply 2 on: Jul 10, 2018
:D TYSM

billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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