A direct quote of 1.6 per British pound in the United States is ...

[jlmhmf]

A direct quote of 1.6 per British pound in the United States is equivalent to a direct quote of .625
  British pounds per U.S. dollar in Great Britain.
 
  Indicate whether the statement is true or false

Question 2

Propell Inc is considering the purchase of a new machine that will cost 178,000, plus an additional
  12,000 to ship and install. The new machine will have a 5-year useful life and will be depreciated
  using the straight-line method.
 
  The machine is expected to generate new sales of 85,000 per year
  and is expected to increase operating costs by 10,000 annually. Propell's income tax rate is 40.
  What is the projected incremental cash flow of the machine for year 1?
  A) 66,350 B) 60,200 C) 68,200 D) 54,800

[meow1234]

Answer to Question 1

TRUE

Answer to Question 2

B

[jlmhmf]

Thanks for the timely response, appreciate it

[Jossy]

Wow, this really help