The net present value of the project is ________. (See Table 11.5)
A) $3,815
B) $2,445
C) $5,614
D) $7,500
A
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Which of the following is not an appropriate guideline for companies selecting independent distributors in international markets?
A) Select distributors; don't let them select you. B) Look for distributors capable of developing markets. C) Give local distributors control over marketing strategy. D) Treat local distributors as long-term partners. E) All of the above are appropriate guidelines.
In several cases decided shortly after the adoption of Title VII, courts held that departmental seniority systems that operated to deter minority employees from transferring out of low-paying or inferior jobs:? A) ?were in violation of Title VII
B) ?were not in violation of Title VII. C) ?were based on the 1991 amendment to Title VII. D) ?did not perpetuate the effects of prior discrimination.
Sabino Corporation's total common stock was $500,000 at the end of both Year 2 and Year 1. The par value of common stock is $5 per share. The company's total stockholders' equity at the end of Year 2 amounted to $1,125,000 and at the end of Year 1 to $1,090,000. The company's total liabilities and stockholders' equity at the end of Year 2 amounted to $1,581,000 and at the end of Year 1 to $1,540,000. The company's retained earnings at the end of Year 2 amounted to $545,000 and at the end of Year 1 to $510,000. The company's net income in Year 2 was $39,000. The company's book value per share at the end of Year 2 is closest to:
A. $5.45 per share B. $11.25 per share C. $0.39 per share D. $15.81 per share
When Betty was diagnosed as having a terminal illness, she sold her life insurance policy to Insurance Purchase, Inc, a company that is licensed to invest in these types of contracts. Betty sold the policy for $32,000 and Insurance Purchase, Inc, became the beneficiary. She had paid total premiums of $19,000 . Betty died 8 months after the sale. Insurance Purchase, Inc, collected $50,000 on the
policy. The company had paid additional premiums of $4,000 on the policy. Betty is not required to recognize a $13,000 gain from the sale of her life insurance policy and Insurance Purchase, Inc, is required to recognize a $14,000 gain from the insurance policy. a. True b. False Indicate whether the statement is true or false