In order to increase the net profit of a business, the NMC of any proposed strategy must ________
A) be equal to the current NMC
B) be equal to the difference of the current NMC and the marketing and sales expenses
C) be equal to the total operating income
D) be lower than the current NMC
E) exceed the current NMC
E
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Which of the following is true of a subsidiary?
A. A subsidiary is used to operate a parent company's holding company. B. A subsidiary does not actually conduct business; rather, it functions as a foreign contact point. C. A subsidiary insulates the parent company from unlimited liability. D. A subsidiary is a part of the parent company and is not separately incorporated.
A recent advertisement in the financial section of a magazine carried the following claim: "Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner than you imagine"
Ignoring taxes, how long would it take to double your money at a nominal rate of 14 percent, compounded annually? A) 3.66 years B) 5.29 years C) 7.00 years D) 10.24 years E) 14.00 years