You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
A. $11,973
B. $12,603
C. $13,267
D. $13,930
E. $14,626
Answer: C
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When the terms are FOB destination, the title passes at the point of origin and the buyer pays the transportation costs
Indicate whether the statement is true or false
What are the four fundamental elements of the Nadler and Tushman Congruence Model?
a. Shareholders, technology, processes, and mission b. Stakeholders, customers, product/service, and financials c. Culture, people, history, and future d. Tasks, people, formal organization, informal organization
Krackle Korn Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year?
A. $335,616 B. $352,397 C. $370,017 D. $388,518 E. $407,944
Which of the following statements is CORRECT?
A. An increase in a firm's debt ratio, with no changes in its sales or operating costs, could be expected to lower the profit margin. B. The ratio of long-term debt to total capital is more likely to experience seasonal fluctuations than is either the DSO or the inventory turnover ratio. C. If two firms have the same ROA, the firm with the most debt can be expected to have the lower ROE. D. An increase in the DSO, other things held constant, could be expected to increase the total assets turnover ratio. E. An increase in the DSO, other things held constant, could be expected to increase the ROE.