What can you use to estimate how long it takes for your money to double simply by dividing the interest rate (in whole numbers) into 72?
A) The Rule of 72
B) Doublization
C) The Rule of 27
D) Compounding
E) Interest Growth
A) The Rule of 72
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When computing the present value, the interest rate will vary depending on the amount of risk. Riskier investments, such as FDIC-insured bank deposits, command higher interest rates
Indicate whether the statement is true or false
A group of venture investors is considering putting money into Lemma Books, which wants to produce a new reader for electronic books. The variable cost per unit is estimated at $250, the sales price would be set at twice the VC/unit, or $500, and fixed costs are estimated at $350,000. The investors will put up the funds if the project is likely to have an operating income of $500,000 or more. What sales volume would be required in order to meet the minimum profit goal? (Hint: Use the break-even formula, but include the required profit in the numerator.)
A. 3,706 B. 3,400 C. 2,958 D. 3,094 E. 4,216
If the assets of Marco's Pet Store are $107,000 and the owners' equity is $75,000, which of the following is a correct statement?
A. The owners' investment equals $182,000. B. The current assets are worth $32,000. C. The new income for the period is $32,000. D. The long-term liabilities are $75,000. E. The liabilities are $32,000.
The mortgage contract must follow the same form as a:?
A) ?bailment B) ?deed C) ?note D) ?bond