You're investing $1 million in a 1-month money market instrument today, August 12, at a rate of 2.25%. What must be the reinvestment rate at maturity when you roll over your investment into another 1-month instrument in order to achieve proceeds of $1,010,000?

A company is evaluating three possible investments

Each uses the straight-line method of depreciation. Following information is provided by the company: Project A Project B Project C Investment $230,000 $54,000 $230,000 Residual value 0 12,000 36,000 Net cash flows: Year 1 56,000 38,000 94,000 Year 2 56,000 29,000 64,000 Year 3 56,000 25,000 74,000 Year 4 56,000 22,000 34,000 Year 5 56,000 0 0 What is the accounting rate of return for Project B? (Round your answer to two decimal places.) A) 38.14% B) 26.19% C) 54.55% D) 51.83%

Which of the following chain-of-command systems was developed to address the need to combine specialization with management control?

A) line organization B) line-and-staff organization C) agile organization D) formal organization E) informal organization