Memphis Co is going to purchase a machine for $83,200 that will increase cash flows by $40,000 in the first year, $30,000 the second year, and $25,000 the third year. The machine will have no residual value. The minimum rate of return is 10 percent. The present value factors for the three years are 0.909, 0.826, and 0.751, respectively. The machine's actual rate of return is
a. Unable to determine from the data given
b. greater than 10 percent.
c. less than 10 percent.
d. 10 percent.
C
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Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the above data, what is the quick ratio, rounded to one decimal point?
A) 2.4 B) 3.4 C) 2.1 D) 1.5
What word relating to a theatrical production does Boje (2002) use as a metaphor to represent organizations as multiple realities, with multiple scripts and multiple stories or occurring simultaneously?
a. Tomorrowland b. Wonderland c. Tamaraland d. Neverland
The cost-benefit constraint prescribes that only information with benefits of disclosure less than the costs of providing it, need be disclosed.
Answer the following statement true (T) or false (F)
A corporation is considered to be a person within the Fifth Amendment's clause that protects a person against self-incrimination
Indicate whether the statement is true or false