You want to have $1 million 35 years from now. Assuming an 11.5% rate of return, how much do you have to invest today in a single lump sum in order to have the $1 million?

	$44,300.00
	$50,600.00
	$22,150.00
	$2,155.00

Given a payment of $5,000 per year for 15 years and a 7% annual discount rate, what is the present value?

	$33,250.00
	$45,539.00
	$5,000.00
	$71,612.00

You decide to invest $20,000 today in your favorite video game company stock. The stock is expected to grow at a rate of 11% per year for 20 years. When you sell the stock in 20 years, how much will it be worth in terms of TODAY's spending power (assume a 4% rate of inflation). (You want to know how many rib-eye steaks you will be able to buy in 20 years, when you sell the stock..:-) ).

	$161,246.00
	$73,590.00
	$20,000.00
	$77,398.00

Your company's profit margin is down. What is a possible cause of this?

	COGS has decreased.
	SG&A expenses have increased.
	Sales have definitely increased.
	You have decreased your interest expense.

If sales remain constant and COGS increases, what is the likely result?

	Gross margin increases
	Non-operating expenses increases
	Gross margin decreases
	SG&A decreases Select the correct answers