Which of the following is included in Gross Income?
A) interest earned on savings accounts
B) rental income on property
C) wages and tips
D) profit made by an entrepreneur
E) all of the above
E
You might also like to view...
Projects C and D both have normal cash flows and are mutually exclusive. Project C has a higher NPV if the WACC is less than 12%, whereas Project D has a higher NPV if the WACC exceeds 12%. Which of the following statements is CORRECT?
a. Project D is probably larger in scale than Project C. b. Project C probably has a faster payback. c. Project C probably has a higher IRR. d. The crossover rate between the two projects is below 12%. e. Project D probably has a higher IRR.
Marshall Manufacturing has an ACP of 60 days, an inventory turnover of 6, and turns its payables over once a month. How long is Marshall's cash conversion cycle? (Assume a 360-day year)
A) 30 days B) 60 days C) 90 days D) 120 days