Mr. Smith has an income of $40,000 this year and $60,000 next year. He can invest in a project that costs $30,000 this year, which generates an income of $36,000 next year. The market interest rate is 10%. What will be his consumption next year, if Mr. Smith invests in the project and consumes $50,000 this year?

The treasurer usually oversees the following functions of a corporation except: I) Preparation of financial statements; II) Investor relationships; III) Cash management; IV) raising new capital

The following are examples of the United States-based corporations except: I) Boeing; II) Microsoft; III) Bank of America; IV) Sony

The financial goal of a corporation is to:

The following are examples of intangible assets except: 

The treasurer is usually responsible the following functions of a corporation: I) Tax obligations; II) Investor relationships; III) Cash management; IV) raising new capital

Conflicts of interest between shareholders and managers of a firm result in:

Costs associated with the conflicts of interest between the bondholders and the shareholders of a corporation are called

The idea of "maximizing shareholder value" is widely accepted in: I) U.S.A.; II) U.K; III) Germany; IV) France; V) Japan

Major disadvantages of the Sarbanes-Oxley Act of 2002 (SOX) are the following except:

Generally, a corporation is owned by the: I) Managers; II) Board of Directors; III) Shareholders

Corporations, potentially, have infinite life because

As a legal entity a corporation can perform the following functions except: I) borrow money; II) lend money; III) sue and be sued; IV) vote

The following are examples of real assets: I) Machinery; II) Office buildings; III) Warehouse; IV) Common stock

The following are examples of foreign-based corporations except: I) British Petroleum; II) General Electric; III) Sony; IV) Volkswagen

The controller is usually responsible for the following functions of a corporation : exceptI) Preparation of financial statements; II) Internal accounting; III) Cash management; IV) Taxes