Professor Willis noted that the popularity of his office hours mysteriously rose in the middle and the end of each semester, falling off to virtually no visitors throughout the rest of the year. The demand pattern at work is:

A) cyclical.
B) random.
C) seasonal.
D) trend.


C

Business

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Which of the following is included in the numerator of the acid-test ratio?

A) cash including cash equivalents, inventory, short-term investments, net current receivables B) accounts receivable and inventory C) cash including cash equivalents, short-term investments, net current receivables D) total current assets

Business

Which of the following is the formula to determine the return on investment for an advertisement?

A. (Advertising cost - Net sales)/Advertising cost B. (Net sales - Advertising cost)/Advertising cost C. (Net sales + Advertising cost)/Advertising cost D. Advertising cost/(Net sales + Advertising cost) E. Advertising cost/(Net sales - Advertising cost)

Business

At December 31, Year 1, Bolton Corporation has par value common stock with a par value of $1.50 per share, Additional paid-in capital of $60,000, total shareholders' equity of $100,000, and retained earnings of $25,000 . What is the number of common stock shares?

a. 5,000 b. 10,000 c. 15,000 d. 20,000 e. 25,000

Business

Beige Inc. is evaluating three capital budgeting projects whose internal rates of return (IRRs) are greater than the firm's marginal cost of capital (MCC). Beige should choose:

A. the projects that minimize its marginal cost of capital. B. all of the projects whose internal rates of return (IRRs) are greater than the firm's weighted average cost of capital WACC). C. the projects that maximize its dividend payout. D. the projects that generate the greatest combination of cash inflows. E. the one (single) project that has the highest net present value (NPV).

Business