Databases eliminate the storage of redundant information
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At the beginning of 2016, the Joan Company had an inventory valued at $34,375 at cost ($50,000 at retail). During the year, Joan purchased inventory for $50,000 ($70,000 at retail), and made markdowns of $7,500. Joan's sales in 2016 were $62,500. What is Joan's estimated ending inventory at FIFO cost using the retail inventory method?
A) $37,500 B) $40,000 C) $39,000 D) $34,375
There is only one way that a firm may respond to a takeover attempt
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A new project is expected to generate $800,000 in revenues, $250,000 in cash operating expenses,
and depreciation expense of $150,000 in each year of its 10-year life. The corporation's tax rate is 35%. The project will require an increase in net working capital of $85,000 in year one and a decrease in net working capital of $75,000 in year ten. What is the free cash flow from the project in year one? A) $380,000 B) $298,000 C) $375,000 D) $410,000
The correlation coefficient is calculated by taking the square root of the variance
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