In 2011, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. In 2010, the company made an annual profit of $200,000. It has been predicted that, despite a steady growth, the company's variable costs will likely equal $300,000 by 2013. The total costs of the company in 2011 were ________.
A) $350,000
B) $450,000
C) $650,000
D) $800,000
E) $950,000
C
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Loretta buys a one-year debt security on December 31, 2013, for $10,000, which will pay her a nominal interest rate of 5% percent. From December 31, 2013, to December 31, 2014, the inflation rate is 2 percent. Loretta has a tax rate of 40 percent.
a.How much nominal interest (in dollars) does Loretta earn during the year? Show your calculations. b.How much (in dollars) does Loretta pay in taxes on her interest income? Show your calculations. c.How much (in dollars) is Loretta's after-tax nominal income? Show your calculations. d.How much principal (in dollars) does Loretta lose because of inflation? Show your calculations. e.How much real interest income (in dollars) does Loretta earn? Show your calculations. f.How much (in dollars) is Loretta's after-tax real interest income? Show your calculations. g.What percent of Loretta's nominal interest income goes to: (1) her, in the form of after tax real interest income; (2) the government, in the form of taxes; and (3) inflation, in the form of lost principal value? Show your calculations. What will be an ideal response?
Which of the following misstatements is not related to the completeness assertion for revenue?
A. This year's revenue is recorded next year. B. Next year's revenue is recorded this year. C. Revenue is not recognized for services that have been performed. D. Goods are shipped, but revenue is not recorded.
Which of the following refers to a technology approach that enables a more mobile, portable opportunity for salespeople by allowing access to software anywhere, as long as the individual is connected to the Internet.
A. The Internet B. Tablet C. GIS D. CRM E. The Cloud
In a report, the largest section is
A) Your research B) Your findings C) Your language D) Your thesis