If Rick has earned 2/3 of his salary of $36,000, how much money has he earned?
a.$24,000
b.$30,000
c.$22,980
d.$54,000
correct: a
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Indicate whether the statement is true or false
Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year.
Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.)
A) 3.96%
B) 5.55%
C) 21.80%
D) 12.29%
Medina Enterprises The following selected financial information is available for Medina for the year ended December 31, 2012. Net sales $450,000 Inventory, 1/1/12 $48,400 Cost of goods sold 299,500 Inventory, 12/31/12 49,670 Refer to the information provided for Medina Enterprises. What is the inventory turnover ratio for 2012?
A) 6.188 times B) 6.030 times C) 6.108 times D) 9.177 times
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A) pursuing conservative investments and activities first. B) linking all investments and activities into one plan. C) a guide for achieving maximum wealth with limited resources. D) phases of the financial life cycle.