Powerball (Scenario)Colleen invested a dollar in the Powerball Lottery and won $60 million. Subsequently, she decides to start her own business selling lawn mowers.A business broker hears that Colleen is interested in purchasing a business and approaches her with an offer to sell her a company that owns a patent on a new roofing product and who installs this new roofing in the southwestern United States. If she buys this firm, she will be using a(n) ________ strategy.
A. unrelated diversification
B. horizontal integration
C. vertical integration
D. related diversification
Answer: A
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Artis Sales has two store locations. Store A has fixed costs of $125,000 per month and a variable cost ratio of 60%. Store B has fixed costs of $200,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits or losses?
A. $325,000. B. $250,000. C. $361,111. D. Cannot determine with the information given.
The approach to situational leadership that considers various factors simultaneously and uses a decision-tree analysis is ______.
a. path-goal b. Hersey/Blanchard c. Vroom/Jago d. none of these
[The following information applies to the questions displayed below.]The City of Charlestown levied property taxes in the amount of $10,000,000. The taxes were levied July 1, 2016 for the fiscal year ended June 30, 2017. During the year ended June 30, 2017, $8,900,000 in property taxes were collected from this levy. It is estimated that $620,000 will be collected during the next 60 days, $300,000 will be collected more than 60 days after June 30, 2017, and $180,000 will never be collected.When preparing the General Fund financial statements, how much property tax revenue should be recognized from this levy for the year ended June 30, 2017?
A. $ 8,900,000. B. $10,000,000. C. $ 9,820,000. D. $ 9,520,000.
The main purpose of a bond ladder is to
A) lessen the effects of changes in interest rates. B) achieve the highest level of capital gains possible. C) maintain a highly liquid portfolio. D) offset the effects of bond duration.