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NEW QUESTION: 1
On March 15, Year 1 Kathleen Corp. adopted a plan to accumulate US $1.000.000 by September 1 Year 5 Kathleen plans to make four equal annual deposits to a fund that will earn interest at 10% compounded annually. Kathleen made the first deposit on September 1, Year 1. Future value and future amount factors are as follows:
Future value of US $1 at 1 O% for four periods 1.46
Future amount of ordinary annuity of US $1 at 10% for four periods 4.64
Future amount of annuity in advance of US $1 at 10% for four periods 5.11
Kathleen should make four annual deposits rounded of
A. US $250,000
B. US $684,930
C. US $195,700
D. US $215,500
Answer: C
Explanation:
The depositor wishes to have US $1 .000.000 at the end of a 4-year period from 9/I r 1 to 9111Yr 5). The amount will be generated from four equal annual payments an annuity) to be made starting at the beginning of the 4-year period. The annual payment for this annuity can be calculated advance by dividing the desired future amount of US $1.000.000 by the factor for the future amount of an amount in advance of US $1 at 10% for four periods. Each annual deposit should therefore equal US $195.700$1.000.000 -5.11).
NEW QUESTION: 2
Which of the following is not a method used to prevent brittle fracture?
A. Strict controls on selecting construction materials
B. Thorough inspections
C. Controlling minimum operating temperatures
D. Post weld heat treatment
Answer: B
NEW QUESTION: 3
A board of directors has just received a report indicating that only a small number of IT initiatives have been completed on time and within budget, A third of the projects were cancelled prior to completion, and more than half will cost almost double their original estimates. An analysis has determined that no one is held responsible for the completion of investment initiatives, and there is no consistency in execution. Which of the following would BEST help the enterprise address these problems?
A. Aligning IT investment priorities to the business
B. Establishing an IT risk management plan
C. Assigning business management to an IT investment review board
D. Establishing a project governance framework
Answer: C
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