Answer the following statement(s) true (T) or false (F)
The principal objective of capital budgeting is to maximize the value of the firm.
ANSWER: True
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Adam is interested in joining the design department of a start-up company in the retail sector. Which of the following steps of the career planning model does this best represent?
A. control B. career exploration and preferences C. set career objectives D. self-assessment
Scenario 8.2
Use the following to answer the questions. Precision Brake Company is a supplier of brake components to the manufacturers of lawn tractors and 4-wheel ATVs. It also sells its products to independent repair centers, dealers, and other wholesalers in Northeast and Southern states. Precision Brake has done research on the demand for lawn tractors and found that most manufacturers are in the states of Kentucky, Tennessee, and Alabama. Research also shows that most of the dealers who sell directly to individual consumers are in the Midwestern states, while dealers who sell to small business landscaping companies tend to be located in the Northeastern states. Company executives are considering expansion of its distribution to markets in the Midwest. Refer to . Given the type of business market in which Precision Brake is currently operating, which group would it be least likely to sell to? A. Producers B. Governments C. Retailers D. Consumers E. Institutions
The American realist school of law believes that ________
A) the source of law is contemporary community opinion and customs B) morals are separate from law and should not be considered in making legal decisions C) classical economic theory and empirical methods must be applied to all areas of law in order to arrive at decisions D) the source of law is actors in the legal system and scientific analysis of their actions
Scotch, Inc has prepared the operating budget for the first quarter of the year
The company forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Variable and fixed expenses are as follows: Variable Expenses: Power cost (20% of sales) Miscellaneous expenses: (5% of sales) Fixed Expenses: Salaries expense: $8,000 per month Rent expense: $5,000 per month Depreciation expense: $1,400 per month Power cost/fixed portion: $500 per month Miscellaneous expenses/fixed portion: $1,000 per month Using the information above, calculate the amount of selling and administrative expenses for the month of February. A) $28,400 B) $33,400 C) $15,000 D) $30,900