Floyd is now working on a job which pays $8000 per year. He is contemplating to quit his current job and take a 1-year automobile mechanics course, which entails costs of $1000 for books and tuition. Floyd estimates that the course will increase his income to $13,000 in each of the 3 years following completion of the course. At the end of those 3 years, Floyd plans to retire to a commune in Winterville, NC. The current interest rate is 10 percent. A) What is the net present value of Floyd's possible course?
B) Given your answer in (A) should Floyd enroll in the course? why or why not?

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.