Which of the following statements is CORRECT?
A. If two projects are mutually exclusive, then they are likely to have multiple IRRs.
B. If a project is independent, then it cannot have multiple IRRs.
C. Multiple IRRs can occur only if the signs of the cash flows change more than once.
D. If a project has two IRRs, then the smaller one is the one that is most relevant, and it should be accepted and relied upon.
E. For a project to have more than one IRR, then both IRRs must be greater than the cost of capital.
Answer: C
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Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2 Dec. Year 1Jan. Year 2Feb. Year 2Mar. Year 2 (Actual)(Budgeted)(Budgeted)(Budgeted)Credit sales$120,000 $280,000 $310,000 $220,000 Cash Sales$20,000 $50,000 $60,000 $24,000 Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Cash collections in January from December credit sales would be:
A. $69,600. B. $84,000. C. $72,000. D. $81,200.
Which of the following statements is true of the confidentiality clause?
A. It cannot be taken up in the court when there is misappropriation because it binds only private parties together. B. It restricts the licensor's right to disclose trade secrets after the licensing agreement has ended. C. During a licensing agreement, the licensor can be permitted to limit the number of people with whom the licensee may share the technology. D. Prior to licensing, it prohibits potential licensees to inspect the technology the licensor provides.
Costs that remain constant and do not vary based on the number of units produced or sold are called ________ costs.
Fill in the blank(s) with the appropriate word(s).
Each year, the Federal Open Market Committee holds eight regularly scheduled meetings to make decisions about open market operations.
Answer the following statement true (T) or false (F)