If a firm earns a net profit of $100,000 on sales of $2,000,000, its net profit margin is:
A. ?5%.
B. ?10%.
C. ?15%.
D. ?3.5%.
E. ?1.5%.
Answer: A
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Callable bonds may be retired by the issuer before their specified due date
a. True b. False Indicate whether the statement is true or false
A favorable cost variance occurs when
A) Actual costs are more than standard costs. B) Standard costs are more than actual costs. C) Standard costs are less than actual costs. D) None of the above.
Congratulations! You are the proud winner of the multi-state Sour Ball Lottery. You are to receive
$2,000,000 at the end of each year for the next 20 years. While the Lottery Commission refers to this as a $40,000,000 jackpot, if you choose the "cash option" they will give you much less than that; you can receive a lump sum payment today equal to the present value of the ordinary annuity instead of the 20 annual payments. If the discount rate that the Lottery Commission uses to determine the lump sum payoff is 7%, what is your payoff if you select the cash option? A) $26,945,332 B) $42,977,401 C) $21,188,028 D) $39,707,503
Treasury bills do not pay a set rate of interest but are sold at a discount.?
Answer the following statement true (T) or false (F)