12.

If your company pays off a large long-term debt, what is the corresponding change to the balance sheet?

	Assets (cash) decreases and liabilities (LT debt) decreases
	Assets (cash) decreases and liabilities (LT debt) increases
	Assets (cash) increases and liabilities (LT debt) increases
	Assets (cash) increases and liabilities (LT debt) decreases

13.

The total population of ethnic Southeast Asian students (from Burma, Laos, Thailand, Vietnam, and Kampuchea) at your university is currently 100 students. The administration of the university wants to increase the diversity of the student body and decides to increase the number of students from Southeast Asia by 12 percent each year (over the prior year's enrollment) for a period of 15 years. How many students from Southeast Asia will be enrolled at your university after the 15 year period? (Please round your answer to the nearest "Whole Student," since the university is unlikely to admit only part of an individual student (such as an arm or a leg) without the rest of him coming along as well.)

	678
	547
	1,500
	112

11.

Which of the following statements most accurately represents our discussion on the role of a corporation?

	Maximizing profits is most important
	Maximizing sales is most important
	Maximizing shareholder value is most important
	Managing risk is most important

14.

You borrowed $212,000 to purchase a new home. How much is your monthly home mortgage payment if the annual interest rate is 5.5% and the number of years is 15?

	$1,732.00
	$891.00
	$1,131.00
	$1,203.00

15.

You own a pet wholesale business. You sell fish. You would like to have a population of 100,000 neon tetra fish to sell to your retailers. If cared for well, neon tetras reproduce quickly. You estimate that your fish population can grow at a rate of 250% per year! Your goal is to have the 100,000 fish at the end of 5 years. How many fish do you need to start with, in order to reach your goal? (Round your answer to the nearest whole fish!)

	190
	1,000
	100
	388