Mutual funds are used extensively as retirement investments
Indicate whether the statement is true or false.
Answer: TRUE
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Expenses are often called the cost of doing business or expired costs
Indicate whether the statement is true or false
When FedEx communicates with its target markets through the use of a print medium such as Newsweek magazine, it is using which element of the promotion mix?
A) sales promotion B) personal selling C) word of mouth marketing D) direct marketing E) advertising
Future costs that differ across alternatives are
A) opportunity costs. B) sunk costs. C) relevant costs. D) variable costs. E) product costs.
The Charleston Company is a relatively small, privately owned firm. Last year, the company had an after-tax income of $15,000 and 10,000 shares were outstanding. The owners were trying to determine the market value for the stock prior to taking the company public. A similar firm, which is publicly traded, had a price/earnings ratio of 5.0. Using only the information given, the market value of one share of Charleston's stock is estimated as:
A. $10.00. B. $7.50. C. $5.00. D. $2.50. E. $1.50.