The following information was drawn from Empire's Year 2 and Year 1 year-end balance sheets.

	Year 2			Year 1
Investment securities	$	105,000		$	112,500

Empire incurred a $1,500 loss on the sale of investment securities during Year 2. No investment securities were purchased during Year 2. Based on this information alone, what is the amount of cash that was collected from the sale of securities?

Multiple Choice

$1,500

$7,500

$9,000

$6,000

2)

Seth Morrison is considering alternative proposals that involve different amounts of investments. To compare different size investment proposals, it may be helpful for Sarah to prepare a relative ranking of the proposals by using a(n):

Multiple Choice

present value index.

net present value.

internal rate of return.

None of these answers is correct.