Equipment should be evaluated for possible replacement only as it nears the end of its useful life.
Answer the following statement true (T) or false (F)
False
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In this culture, it is important never to display feelings of superiority because this makes others feel inferior, mutual respect is expected at all times, and a lot gets done by going through administrative channels.
A. Mexican B. American C. French D. Chinese E. Arab
Which of the following is a drawback of the maximin criterion?
a. It ignores the payoffs associated with the “high demand” state of nature. b. It ignores the payoffs associated with the “low demand” state of nature. c. It is not a good method to use when the states of nature are not equally probable. d. It ignores the maximum payoff that could be realized if the decision maker were a risk taker.
Doonan Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,489,000 $1,440,000 Stockholders' equity: Common stock, $4 par value$360,000 $360,000 Additional paid-in capital$70,000 $70,000 Retained earnings$570,000 $550,000 Total stockholders' equity$1,000,000 $980,000 Interest expense$15,000 Income taxes (35%)$14,162 Net income$26,300 The market price of common stock at the end of Year 2 was $4.79 per share.The company's return on total assets for Year 2 is closest to:
A. 2.46% B. 1.80% C. 2.42% D. 1.77%
Millers Metalworks, Inc. has a total asset turnover of 2.5 and a net profit margin of 3.5%. The total debt ratio for the firm is 50%. Calculate Millers's return on equity
A) 17.5% B) 19.5% C) 21.5% D) 23.5%