Question 11: (1 Point) The present value of a sum will increase: L. The longer the period of time. II. The shorter the period of time. III. The higher the rate of interest O I only Olcnly Olcnly O and Ill only Oil and IV only Question 12: B&M Corporation has purchased a Class 10 asset with a CCA rate of 30%. The asset cost $300,000. Under the half year rule, the second year CCA is: (1 Point) $76,500 $45,000 $33 250 $22,500 O None of the above is correct. Question 13: (1 Point) Hocus Pocus Inc. has the following financial information: accounts payable equals $160, cash cquals $210, short-term debt equals $75. accounts receivable equals $210, net fixed assets equals $1,000, long-term debt equals $510, and inventory equal Calculato working capital. O $1.535 O $1,435 5670 O $535 O $435