The expected rate of return of an investment _____.
A. equals one of the possible rates of return for that investment
B. equals the required rate of return for the investment
C. is the mean value of the probability distribution of possible returns
D. is the median value of the probability distribution of possible returns
E. is the mode value of the probability distribution of possible returns
Answer: C
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Lakeland Corporation reported the following pretax (and taxable) information for 2016: Income from continuing operations $550,000 Loss on disposal of Segment B 45,000 Prior period adjustment-Depreciation was understated in 2015 15,000 Gain from operations of discontinued Segment B 35,000 Income tax rate 35% ? Required: a.Prepare the lower portion of Lakeland's 2016 income statement, beginning with pretax income for continuing operations. (Omit the heading.)b.Prepare Lakeland's 2016 statement of retained earnings, assuming that retained earnings at January 1, 2016, was $750,000 and the company paid $45,000 of dividends in 2016. (Omit the heading.)
What will be an ideal response?
If sales are $914,000, variable costs are $514,800, and operating income is $260,000, what is the contribution margin ratio?
A) 53.1% B) 33% C) 64% D) 43.7%
Direct marketing is characterized by reduced inventories, low rental costs, and low display costs. These characteristics _____
a. increase shopper convenience b. enable ease of entry into direct marketing c. make shopping safe for consumers d. reduce direct marketing clutter
Why is ethnocentrism an obstacle to effective leadership?
A. it prevents people from fully respecting the viewpoints of others B. it is focused on cultural competence, not individual rights C. it is focused on diversity of opinions of others D. it encourages understanding of multiple viewpoints of others