Since the 1980s, China's economic system has been transitioning from.
A. Communism to socialism
B. Communism to capitalism
C. Socialism to a socialist market economy
D. Capitalism to socialism
C. Socialism to a socialist market economy
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The process of taking wool off sheep and using it to make soft sweaters shows how manufacturing can create ________ utility.
A. place B. possession C. market D. form E. time
____________________ skills, such as the ability to use Microsoft Word or to prepare an income statement, refer to the technical skills in your field
Fill in the blank(s) with correct word
A major purpose of feedback in interpersonal communication is to
A) know whether a message has been received and understood. B) prevent noise from taking place. C) make the sender appear more impressive. D) size up the climate for communication.
Spot-Free Car Wash is considering a new project whose data are shown below. The equipment to be used has a 3-year tax life, would be depreciated on a straight-line basis over the project's 3-year life, and would have a zero salvage value after Year 3. No new working capital would be required. Revenues and other operating costs will be constant over the project's life, and this is just one of the firm's many projects, so any losses on it can be used to offset profits in other units. If the number of cars washed declined by 40% from the expected level, by how much would the project's NPV decline? (Hint: Note that cash flows are constant at the Year 1 level, whatever that level is.)
Project cost of capital (r)10.0% Net investment cost (depreciable basis)$60,000 Number of cars washed2,800 Average price per car$25.00 Fixed op. cost (excl. deprec.)$10,000 Variable op. cost/unit (i.e., VC per car washed)$5.375 Annual depreciation$20,000 Tax rate25.0% A. $33,391 B. $35,149 C. $36,999 D. $38,946 E. $40,996