A train leaves San Francisco for Los Angeles at 8 a.m. A second train leaves Los Angeles for San Francisco at 8 a.m. the same day. The distance between the two cities is 400 miles. If each train travels at an average speed of 80 miles per hour, what time will it be when the two trains meet?
10:30 a.m.
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You have been considering using the available mass transit to get to work. A bus ticket to travel the 10 miles from your home to your place of employment costs $2
You have calculated the cost of ownership of and the cost of operations for the auto you are presently using to commute. These are, respectively, 45 cents per mile and 23 cents per mile. Accordingly, if you are interested in reducing your current expenses, you should consider A) using mass transit, only if the auto is not needed for other purposes than commuting. B) using mass transit under all circumstances, because the total cost of ownership and operations exceeds the cost of using mass transit. C) using mass transit under all circumstances, because the cost of ownership exceeds the cost of using mass transit. D) using mass transit under all circumstances, because the cost of operations exceeds the cost of using mass transit.
Which of the following is an advantage of team incentives?
A. They are effective in isolating the impact of a team. B. They are administratively easy to implement. C. They are effective in stimulating ideas and problem solving. D. They can easily set equitable targets for all teams.
Answer the following statement(s) true (T) or false (F)
Misunderstanding industry attractiveness can be a fatal flaw in strategic planning.
Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's profit margin? A. 1.40% B. 1.56% C. 1.73% D. 1.93% E. 2.12%