Colin would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000 and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents on the cruise?

$1,862

$2,457

$3,000

$2,234

Cash flows associated with the purchase and sale of fixed assets and business interests are called

operating flows.

investment flows.

financing flows.

none of the above.

One of the most influential documents issued by a publicly-held corporation is the

letter to stockholders.

annual report.

cash flow statement.

income statement.