How would cell A1 appear after being formatted as “#,###.000,”?
a) 1.23
b) 1,234.56
c) 1.234
d) 1
e) 1,234
c) 1.234
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Depreciation has no effect on income taxes, since it only reduces a plant asset's book value
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT an example of a secondary data source for a company researching whether it should open a casino near St. Louis, Missouri?
A) U.S. Census reports on St. Louis growth patterns B) a survey commissioned by the company asking St. Louis residents about their gambling habits C) the stockholders' report from a casino that currently operates in St. Louis D) a trade organization report on the tourism industry in Missouri E) an academic study of the growth of online gambling activities
Martin Company reported net income of $14,900 on gross sales of $82,500. The company has average total assets of $117,700, of which $102,500 is property, plant and equipment. What is the company's return on investment? (Round your answer to 2 decimal places.)
A. 18.06% B. 14.54% C. 12.66% D. 70.09%
Return on investment (ROI) is calculated by:
A) multiplying the margin by the turnover. B) dividing the margin by the turnover. C) dividing the turnover by the margin. D) adding the margin and the turnover.