Refer to Table 3.1 above. How much will you have if you deposit $1,000 today in an account paying 7% and you leave it on deposit for 5 years?
A) $1,403
B) $713
C) $5,751
D) $4,100
Answer: A
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Stan's Cans, Inc expects to earn $150,000 next year after taxes on sales of $2,200,000. Stan's manufactures only
one size of garbage can. Stan sells his cans for $8 apiece and they have a variable cost of $2.40 apiece. Stan's tax rate is currently 34%. a. What are the firm's expected fixed costs for next year? b. What is the break-even point in units?
The salience of the target in the situation is the extent to which the target stands out in a group of people or things. Which of the following cases makes the BEST argument for using salience to one's advantage in the workplace?
A) Jerry, knowing his supervisor's tendency to praise and promote outspoken sales reps, makes it a point to voice his opinion confidently and enthusiastically at all sales meetings, corporate get-aways, and multi-level conference calls. B) Joyce knew that her clothing was a distraction to some of her co-workers, but she did not care. Joyce could not understand why her co-workers held little regard for her thoughts and ideas. C) Yolanda's position requires that she speak before large groups of potential buyers with great skill and knowledge, but she is by nature a shy and timid person. To overcome this, she takes a night course on public speaking but ultimately decides that she simply lacks the requisite skills to do her job. D) Sharon knows that her supervisor appreciates staff members who take the role of devil's advocate during meetings. She refuses to disagree with her boss in public.