1. Maximizing profit or EPS, is not justified as the most acceptable financial objective of a firm because profit-maximizing decisions are based on ambiguous accounting standards.
True or False
2. Kayla hopes to purchase a new car in five years. If she deposits? $10,000 today in an account that pays? 7% compounded? quarterly, how much will she be able to spend on the new car in five? years?
A. ?$14,147.78
B. ?$14,025.52
C. ?$15,000.00
D. ?$13,500.00
E. ?$10,700.00