If you want to invest only in the telecommunications industry, which fund would be appropriate for you?
A) S&P 500 Index fund
B) Telecommunications sector fund
C) Telecommunications ETF
D) Telecommunications money market fund
E) Both B and C are correct.
Answer: E
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Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the building.
A. $89,178. B. $97,500. C. $105,000. D. $93,000. E. $140,000.
The Television Division of Electronics Corporation has the following segment information: Assets available for use $2,500,00 Target rate of return 12% Residual income $ 300,000 What was Television Division's return on investment?
a. 12% b. 10% c. 24% d. 20%
A disadvantage of advertising as a promotional form is its standardized message content
Indicate whether the statement is true or false
Benjamin Company had the following results of operations for the past year: Sales (16,000 units at $10) $160,000 Direct materials and direct labor$96,000 Overhead (20% variable) 16,000 Selling and administrative expenses (all fixed) 32,000 (144,000) Operating income $16,000 A foreign company (whose sales will not affect Benjamin's market) offers to buy 4,000 units at $7.50 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $600 and selling and administrative costs by $300. Assuming Benjamin has excess capacity and accepts the offer, its profits will:
A. Increase by $4,300. B. Decrease by $6,000. C. Increase by $30,000. D. Increase by $5,200. E. Increase by $6,000.