If you always drive cars many miles and keep them for 10 years, it would probably be best to
A) lease a new car.
B) lease a used car.
C) buy a new car.
D) buy a used car.
Answer: C
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Identify four factors that affect whether an industry does or does not present a company with a good business opportunity.
What will be an ideal response?
Which sentence uses correct capitalization?
A) The department of Homeland Security is responsible for protecting the United States against terrorism and natural disasters. B) The Department of Homeland Security is responsible for protecting the United States against terrorism and natural disasters. C) The Department Of Homeland Security is responsible for protecting the United States against terrorism and natural disasters.
Last year Rennie Industries had sales of $270,000, assets of $175,000 (which equals total invested capital), a profit margin of 5.3%, and an equity multiplier of 1.2. The CFO believes that the company could reduce its assets by $51,000 without affecting either sales or costs. The firm finances using only debt and common equity. Had it reduced its assets by this amount, and had the debt/total invested capital ratio, sales, and costs remained constant, how much would the ROE have changed? Do not round your intermediate calculations.
A. 4.08% B. 3.03% C. 4.52% D. 3.07% E. 4.04%
One of the accountant's most important roles is to serve as an independent evaluator of the financial statements issued by management to investors and creditors.
Answer the following statement true (T) or false (F)