The total cost of an open-end lease will depend upon the resale price of the auto at the end of the leasing period. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The CFP designation is reserved for those individuals that have successfully completed a series of exams covering all aspects of financial planning. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
A project requires a current expenditure of $300 and expects to generate $100 cash inflows at the end of each of the next 5 years. What conclusion can be drawn from examining an NPV profile for this project? A) Accept the project if the cost of capital exceeds 20% B) Accept the project if the […]
Date: September 19th, 2020
A Certificate of Title is legal evidence of your ownership in the motor vehicle. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The New Watch Times is considering a new printing press to increase its productive capacity. If the cost of the press is $500,000 and the relevant cash flows from the project are $75,000 per year over the next ten years, what is the payback period? A) 6.00 years B) 6.50 years C) 7.00 years D) […]
Date: September 19th, 2020
What is the payback period for the Boeing 787 Dreamliner project? The Boeing 787-8 can carry 230 passengers up to 8,200 nautical miles at a cruising speed of mach 0.85. The Dreamliner is more comfortable for passengers because of higher cabin humidity. Boeing completed construction of its final assembly plant in Everett Washington in December […]
Date: September 19th, 2020
A husband and wife, together, can make an annual gift to an individual donee of how much each year without incurring a potential estate tax on the gifts? A) $5,000 B) $12,000 C) $24,000 D) zero; all gifts are taxable. ANSWER C
Date: September 19th, 2020
The cost of operating an automobile represents a variable cost. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Bob and his wife Emily have agreed to make gifts each year to their three children. The maximum amount they can jointly give each year without incurring a potential estate tax on the gifts is A) $66,000. B) $72,000. C) $30,000. D) $24,000. ANSWER A
Date: September 19th, 2020
An inheritance tax is a type of A) capital gains tax. B) Income tax. C) Death tax. D) Property tax. ANSWER C
Date: September 19th, 2020
