1. Explain the relationship of opportunity cost to personal financial decisions.
2. Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $254,000, fixed assets of $804,000, current liabilities of $191,000, and long-term debt of $296,000. What is Jack and Jill's total stockholders' equity?
3. Moving Cash Flows What is the value in year 14 of a $1,400 cash flow made in year 5 when the interest rates are 10 percent?