On the December 31, 2010 Balance Sheet of Yager Co

question 5

Multiple Choice

On the December 31, 2010 balance sheet of Yager Co., the current receivables consisted of the following: At December 31, 2010, the correct total of Yager's current net receivables was

• A)$78,000
• B)$74,500
• C)$70,500
• D)$66,500

---

Definitions:

IRR

The rate of return at which the sum of the present value of all cash inflows and outflows from an investment or project is zero.

MIRR

Modified Internal Rate of Return; a financial measure used to evaluate the attractiveness of investments, taking into account different financing costs and reinvestment rates.

Mutually Exclusive

Situations or events that cannot occur at the same time, indicating a choice must be made between them.

Required Rate of Return

Rephrased: The minimum percentage of profit or interest an investor expects from an investment to consider it worthwhile, factoring in the risk involved.