1-

Which of the following would be considered a use of cash?

Multiple Choice

• Common stock increase.

• Accounts payable increase.

• Net fixed assets decrease by the amount of depreciation.

• Revenue increase.

• Accounts receivable increase.

2-

If interest is 5% compounded quarterly, calculate the present value of twelve $1,000 monthly payments.

Multiple Choice

• $11,782.52

• $11,482.52

• $11,582.52

• $11,382.52

• $11,682.52