If the discount rate that is used to evaluate a project is equal to the project's internal rate of return, the project's ____ is zero
a. profitability index
b. internal rate of return
c. present value of the investment
d. net present value
D
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Sands Company purchased mining rights for $500,000 . They expect to harvest 1 million tons of ore over the nextfive years. During the current year, Sands mined 350,000 tons of ore. The entry to record the depletion wouldinclude
a. a credit to Accumulated Depletion for $350,000 b. a debit to Accumulated Depletion for $175,000 c. a debit to Depletion Expense for $175,000 d. a credit to Depletion Expense for $350,000
Falls Company has a contribution margin of $32 per unit and fixed costs of $500,000, and it desires to earn a profit of $100,000. What is the sales volume in units required to achieve this desired profit?
A. 18,750 units B. 15,625 units C. 3,125 units D. 12,500 units
Which of the following is true of the bankruptcy procedure?
A) A driven petition is a petition filed by a debtor that states that he or she has debts. B) A debtor must receive prepetition credit counseling within 180 days prior to filing his or her petition for bankruptcy. C) A voluntary petition is filed by creditors of a debtor, alleging that the debtor is not paying his or her debts as they become due. D) A complaint is a document filed with a bankruptcy court that starts a bankruptcy proceeding.
Discounting the future refers to
A. underestimating the short-term effects of a decision. B. failing to consider the effects of new entrants into the industry. C. failing to consider inflationary costs. D. focusing on gains in the long run. E. weighing short-term benefits more heavily than long-term benefits.