The Fed consists of how many district banks?
a. 50
b. 10
c. 5
d. 30
e. 12
e. 12
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The natural progression in items from one statement to another and preparation of financial statements is best represented by the following order:
a. Balance sheet and statement of cash flows > statement of retained earnings > income statement b. Balance sheet and statement of cash flows > income statement > statement of retained earnings. c. Statement of retained earnings > income statement > balance sheet and statement of cash flows d. Income statement > statement of retained earnings > balance sheet and statement of cash flows
A form that serves as a communications link with persons who can assist with customer service is called a:
A) service card B) follow-up card C) product service card D) call report E) product service report
Which of the following is not a characteristic of a mechanistic organization?
a. Tasks are broken down into separate parts b. There is a narrow span of control c. There is a straightforward planning process d. Communication is abundant and flows horizontally
Corbett and Sullivan Enterprises (CSE) use the Modified Internal Rate of Return (MIRR) when evaluating projects. CSE's cost of capital is 9.5%
What is the MIRR of a project if the initial costs are $10,200,000 and the project lasts seven years, with each year producing the same after-tax cash inflows of $1,900,000? A) About 7.95% B) About 8.01% C) About 8.24% D) About 8.88%