quiz1 - AP/ADMS 4540 Financial Management Fall 2011...

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AP/ADMS 4540 Financial Management Fall 2011 Instructor: Dr. William Lim Quiz 1 (Section A) (From the start of the campaign, the Ontario PC party has been calling the Premier names. Let us go back to 2003 when the PC party began calling the Premier an “evil reptilean kitten eater” and since then was only good for negative attacks with no welfare- improving policies.) Dalton plans to open one, possibly two, restaurants overseas in a tax-free country. He plans to sell his Canadian property and thus not incur any Canadian tax liabilities while residing overseas. Each restaurant will appropriately be named either Eves Reptiles or Kittens Eatery, depending on the cuisine. Irrespective of the cuisine, each restaurant will require a $200,000 initial investment (in U.S. dollars). The projected net cash inflows of either restaurant (cuisine) are as follows: Net Cash Inflows in U.S. dollars Year Kittens Reptiles 1 $100,000 $70,000 2 80,000 70,000 3 60,000 70,000 4 40,000 70,000 Each restaurant will have to close after 4 years as the main ingredients are expected to
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quiz1 - AP/ADMS 4540 Financial Management Fall 2011...

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