Melati was being informed by the bank that the present value of her 7-year annual savings today is $3,343.58. Without referring to a bank statement, she still remembers that she had deposited $200 which was also the minimum required payment to open the saving account. However, the records for the 3 end of the year equal payments after that are not recorded in her saving account’s book. The payments for the year 4, 5, 6 and 7 were $500, $500, $600 and $700 respectively. a. Draw a time line to illustrate the above discussed cash flow streams. b. Find the three missing cash flows if the discount rate is 2.5 percent.

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.