Determine the project's NPV if the Profitability Index is 1.4; and the investment value is $500,000.
A) $250,000
B) $200,000
C) $25,000
D) $75,000
Ans: B) $200,000
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The law states that a lender must accept money in the repayment of debts. This means that money is a
A. unit of account. B. medium of exchange. C. facilitator of barter exchange. D. legal tender.
Under the indirect method, a loss from the retirement of bonds is_____________to net income in the operating activities section of the statement of cash flows
Fill in the blank(s) with correct word
Which of the following statements is true in comparing for-profit service firms and nonprofit organizations?
A. While for-profit service firms market tangible products, nonprofit organizations market intangible products. B. Both often require the customer to be present during the production process. C. While for-profit service firms vary greatly from producer to producer, nonprofit organizations are uniform across producers. D. Both vary greatly from day to day, but with the same producer the day-to-day variations are eliminated.
Which of the following would usually be an environment conducive to fraud?
a. Low turnover b. Reactive rather than proactive management c. Supportive rather than rivalrous relationships d. Long-term business focus