All of the below are advantages associated with a sole proprietorship (relative to corporation), EXCEPT

a.Less regulation

b.Limited liability on the part of the owners

c.Easy to form

d.Owner is typically the same person as the manager

Assume a company acquires a new building for the price of $7.5 million. Using straight line depreciation, and setting the useful life of the building to 30 years, the annual depreciation expense associated with the building will be equal to

a.$500,000.

b.$1,500,000.

c.$250,000.

d.$750,000.

Assume you deposit $400 in an account, and that in 7 years you have $700. Assuming monthly compounding frequency what is the quoted annual interest rate associated with the account?

a. 8.32%

b. 42.86%

c. 8.02%

d. 10.71%