Narrative 11-1Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
Inez wants to have $15,000 in 2 years. Use the present value formula to calculate how much Inez should invest now at 6% interest, compounded quarterly in order to reach her goal.
A. $13,349.95
B. $13,315.65
C. $12,231.90
D. $11,877.98
Answer: B
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A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash dividends of $56,250 in the current period. The ending balance in retained earnings equals:
A. $433,750. B. $116,250. C. $426,250. D. $490,000. E. $546,250.
Dell Productions is a price-taker
The company produces large spools of electrical wire in a highly competitive market; thus, it uses target pricing. The current market price is $825 per unit. The company has $3,100,000 in average assets, and the desired profit is a return of 6% on assets. Assume all products produced are sold. The company provides the following information: Sales volume 100,000 units per year Variable costs $700 per unit Fixed costs $13,000,000 per year Currently the cost structure is such that the company cannot achieve its profit objective and must cut costs. If fixed costs cannot be reduced, how much reduction in variable cost per unit will be needed to achieve the desired target? (Round your answer to the nearest cent.) A) reduction in variable cost per unit by $700.00 B) reduction in variable cost per unit by $125.00 C) reduction in variable cost per unit by $5.00 D) reduction in variable cost per unit by $6.86
Explain the objectives of doing a literature review.
What will be an ideal response?
During which stage of the industry life cycle would a firm experience stable growth in sales?
A. -Consolidation B. Relative decline C. Maturity D. Start-up E. Stabilization