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Anne's cash flows are not discounted. 4000 divided by 400 is 10, and so, Anne's payback period is 10 years.
Mary's cash flows are discounted by 8%, so:1st year: 600 / 1.08 = 555.562nd year: 600 / 1.0...

I would start early. Little bits of revision each day lead to a lot more knowledge and understanding than cramming in with only a couple of weeks lead up. I would also advice learning most definitions as ...

The two main liquidity ratios are current ratio and acid test ratio. Current ratio is current assets/current liabilities and acid test ratio is (current assets - inventories) / current liabilities. Both r...

The subjunctive is used to express emotion, doubt, wishes and desires, impersonal phrases, recommendations and opinion. Essentially, if you aren't certain about something then you use the subjunctive. For...

The key thing Oxbridge interviewers want to see is that you are teachable. They don't expect a finished product. They are looking for potential. They are looking for someone willing to think through probl...