1. A firm has net working capital of $1,770. Long-term debt is $4,180, total assets are $11,830, and fixed assets are $3,910. What is the amount of the total liabilities?  

a. $12,100

b. $10,330

c. $6,150

d. $5,950

2. (Present value) What is the present value of the following future amount?

$ 800 to be received 10 years from now discounted back to the present at 10 percent

$300 to be received 5 years from now discounted back to the present at 5 percent

$ 1, 000 to be received 8 years from now discounted back to the present at 3 percent

$1,000 to be received 8 years from now discounted back to the present at 20 percent