A(n) ________ firm views the world as one market and emphasizes cultural similarities across countries or universal consumer needs and wants more than differences.
A. transnational
B. multinational
C. transcontinental
D. multidomestic
E. international
Answer: A
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Indicate whether the statement is true or false.
HHH Inc. reported $12,500 of sales and $7,025 of operating costs (including depreciation). The company had $18,750 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 9.5%, and the federal-plus-state income tax rate was 25%. What was HHH's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during the year?
A. $2,098.31 B. $2,208.75 C. $2,325.00 D. $2,441.25 E. $2,563.31
On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What amount of interest expense will be included in the first annual payment?
A. $20,000 B. $37,258 C. $232,742 D. $25,000 E. $17,258
The accounts of Mason Company at the end of the past year report the following amounts:
If the beginning equity for the year was $173,000, calculate the ending equity for Mason
Company.