Janice has $5,000 invested in a bank that pays 6.2% annually. How long will it take for her funds to triple?
A. 13.70 years
B. 18.26 years
C. 22.10 years
D. 19.36 years
E. 15.16 years
Answer: B
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Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$40,000 $36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total stockholders' equity 240,000 225,000 Net income 32,500 28,000 Stealth Company's 2021 return on assets is: (Round your answer to 1 decimal place.)
A. 7.1%. B. 44.7%. C. 13.5%. D. 7.8%.
Which of the following is the best example of an effective buffer in a bad-news letter telling a job applicant that she didn't get the position for which she interviewed?
A) Thank you for your application of March 13, wherein you applied for the medical clerk position. B) We are very sorry to have to tell you that the medical clerk position has been filled. C) We enjoyed meeting you last week to discuss your qualifications for the medical clerk position. D) We are absolutely thrilled to have an applicant with your exceptional qualifications.
Cheong Automobiles Company fabricates automobiles
Each vehicle includes one wiring harness, which is currently made in-house. Details of the harness fabrication are as follows: Volume 1,300 units per month Variable cost per unit $12.50 per unit Fixed costs $15,000 per month An Indonesian factory has offered to supply Cheong Company with ready-made units for a cost of $17 for each harness. Assume that Cheong's fixed costs are unavoidable and that Cheong will not be able to use the excess capacity in any profitable manner. If Cheong decides to outsource, monthly operating income will ________. A) increase by $5,850 B) decrease by $15,000 C) increase by $15,000 D) decrease by $5,850
Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the two divisions for the current year: Retail Division Wholesale DivisionOperating income$6,800,000? $3,300,000? Operating assets$36,800,000? $16,800,000? Assuming that these are the only divisions of Terra Company, what is the ROI for the company as a whole?
A. 38.12% B. 18.48% C. 19.64% D. 18.84%