1, Say you will receive a gift of $1,500 in 4 years. If the interest rate is 2%, what is the present value of this gift today?

2. A company invested a certain amount in another country, as per notes. What was the amount?

3. In Accrual basis, we wait to pay in order to recognize the expense. true / false

4. Capital Budgeting means waiting for profits to come in, and then investing. true / false

5. If the Cost of assets is 400,000, net book value is 300,000, EBIT is 100,000, interest expense is 40,000, tax is 10,000, and depreciation is 50,000. Calculate the Return on Investment (ROI).

6. Higher debt levels lead to what kind of risk?

7. List the 4 main areas of Cost Classification.

8.Conversion costs are high in Process Costing. true/ false

9. An accounting dept is a Profit Centre. true/ false

10.The main theme of the Lean Business Model

11.Financial statements are prepared on cash basis. true/ false