The firm may have increased long-term debts to finance 1. an increase in gross fixed assets. II. an increase in current assets. III. a decrease in notes payable. Select one: a. I and II only b. II and III only C. All of the above d. I and III only Which of the following will result in the highest present value of a fixed lump sum in the future, all other factors being constant? Select one: a. 4% discount rate of the lump sum in 10 years b. 8% discount rate of the lump sum in 10 years C. 4% discount rate of the lump sum in 5 years d. 8% discount rate of the lump sum in 5 years Izni invested RM400 eight years ago earning 7% interest per year. If Izni spends all her interest earnings immediately after receiving them, she earns interest. Select one: a. no b. interest on C. complex d. only simple