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Author Question: Which of the following line items in a balance sheet is considered the most for making a financing ... (Read 67 times)

lracut11

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on: Jul 10, 2018
Which of the following line items in a balance sheet is considered the most for making a financing decision?
 
  A) current assets
  B) long-term liabilities
  C) revenue
  D) cost of goods sold

Question 2

Otto is planning for his son's college education to begin ten years from today. He estimates the end-of-the-year tuition, books, and living expenses to be 10,000 per year for a four-year degree.
 
  How much must Otto deposit today, at an interest rate of 12 percent, for his son to be able to withdraw 10,000 per year for four years of college?
  A) 12,880
  B)  9,780
  C) 40,000
  D) 18,950


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juliaf

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

B

Answer to Question 2

B


lracut11

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Excellent

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