If Cathy deposits $12,000 into a bank account that pays 6% interest compounded quarterly, what
will the account balance be in seven years?
A) 19,112 B) 19,344 C) 18,207 D) 18,001
C
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The formula for depreciable cost is
a. Initial cost + Residual value b. Initial cost – Residual value c. Depreciable cost = Initial cost d. Initial cost – Accumulated depreciation
Backward invention occurs when a firm ________
A) creates a new product to meet a need in another country B) reintroduces earlier product forms adapted to suit another country's needs C) invents products that are similar to competing offerings D) takes an existing product into a new market E) produces its own raw materials
The benefits of an insurance company holding more capital include:
a. lower premiums b. better investment returns c. reduced risk of insolvency d. lower taxes for the insurer
D Feet Corp. manufactures its footwear in a small town in America, but it sells to several countries around the world. Given this information, D Feet Corp. can best be characterized as a _____ multinational corporation
a. first-stage b. second-stage c. third-stage d. fourth-stage