A company has sales of $725,600 and cost of goods sold of $290,600. Its gross profit (loss) equals:
A. $(435,000).
B. $290,600.
C. $725,600.
D. $1,016,200.
E. $435,000.
Answer: E
You might also like to view...
If your project has spent $50,000 versus a budget of $45,000 and it is a week ahead of schedule, is it a certainty that your project is doing well? Explain why or why not.
Fill in the blank(s) with the appropriate word(s).
The executive summary should normally come:
a. immediately after your cover page b. immediately before the cover page so it precedes your presentation c. after your first moving blueprint slide d. none of the above
Two firms, Tangerine Inc. and Cyan Inc. analyzed the same capital budgeting project. Tangerine Inc. determined that the project's internal rate of return (IRR) is 9 percent. Cyan Inc. used the net present value (NPV) method to evaluate the project and determined that it is not acceptable. Given this information, which of the following statements is correct?
A. The net present value of the project must be positive for both the firms. B. If it had computed the project's IRR, Cyan would have found the IRR to be less than 9 percent. C. Tangerine's chief financial officer (CFO) should use the traditional payback period method to evaluate the project. D. Tangerine Inc. should use a discount rate of more than 9 percent for capital budgeting analysis by the net present value (NPV) method. E. Cyan Inc.'s required rate of return is greater than 9 percent.
What is the “consumer bill of rights”?
What will be an ideal response?