While on a trip to south africa, elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbrellas that local artisans were weaving. upon returning to the u. s., she was confident that u. s. consumers would be as intrigued by these accessories as she was. elena decided to explore the possibility of starting an import business to bring these products to the u. s. which of the following statements seems to be good advice for elena?
a. learn from others who import goods from abroad, and particularly from africa.
b. make certain that you have twice the cash necessary to make your first purchases.
c. before performing a feasibility study, form your legal business status.
d. since most import businesses are also export businesses, find a u. s. product south africans would be willing to buy.

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76