A draft acts as:
a. a negotiable document of title.
b. a substitute for money.
c. a financing device.
d. Both b and c
d
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Stockinger Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$280,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$580,000 Annual cash operating expenses$420,000 Working capital requirement$30,000 One-time renovation expense in year 3$80,000 The company's income tax rate is 30% and its after-tax discount rate is 11%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The net present value of the
entire project is closest to: A. $61,763 B. $122,469 C. $81,533 D. $196,000
Fixed costs that change for activity outside the relevant range would include
A) depreciation. B) electricity costs. C) production supplies costs. D) raw materials costs.
How can an electronic data interchange be used by a manufacturer to support the product, price, and promotion elements of the marketing mix?
What will be an ideal response?
The difference between target marketing and mass marketing is that target marketing
A. focuses on specific customers, while mass marketing aims at an entire market. B. aims at increased sales, while mass marketing focuses on increased profits. C. means focusing on a small market. D. focuses on short-run objectives, while mass marketing focuses on long-run objectives. E. does not rely on e-commerce, but mass marketing does.