A salary survey showed the following data for secretaries:
Company No of Secretaries Av Salary/Month
A 10 $3000
B 10 3000
C 25 3000
D 50 3200
How does the weighted average salary compare with the unweighted average?
(a) it is $55 lower
(b) it is $45 lower
(c) it is $45 higher
(d) it is $55 higher
d
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What happens to the NPV of a one-year project if fixed costs are increased from $400 to $600, the firm is not profitable, has a 15% tax rate and employs a 12% cost of capital?
A) NPV decreases by $113.04 B) NPV decreases by $200.00 C) NPV decreases by $130.00 D) NPV decreases by $178.57
Which of the following is a characteristic of a public corporation?
A) The lifetime of the organization is limited to the lifetime of the decision-making committee or the Chief Executive Officer, whichever is longer. B) Profits are taxed as income to corporation and again as income to owners when distributed as dividends. C) Ownership interests are generally limited to no more than 35 shareholders. D) Owners can exert control over daily management decisions.