The Labor Department announces that the unemployment rate has fallen. Which of the following is(are) a proper conclusion?
a) The economy created additional jobs last month
b) The economy expanded last month
c) Potential GDP expanded last month
d) The economy contracted last month
e) The labor force contracted last month
f) None of the above
Answer: f) None of the above
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CN Railways is North America's fifth largest railway. Forecast the financial statements for CN for Year 11. Use the percent of sales method based on Year 10 and the assumptions listed below
Please note the ratios to sales provided in the table which are useful for making the forecast. Sales growth of 10%. The cost of debt is 4.59%. The tax rate is 31.943%. The depreciation rate is 3%. CAPEX is $1,600 Million. The following accounts are constant: Intangible assets, Deferred taxes, and Common Stock. Long term debt is the PLUG variable. No dividends. Forecast the financial statements for CN. What are the additional funds needed (AFN) in Year 11? The AFN is the change in the plug account from Year 10 to Year 11. CN Railway Company Income Statement and Balance Sheet As of December 31, Year 10 ($ 000,000's) Year 10 Ratios Forecast Revenue $6,110 $6,721 COGS 2,550 0.417349 Dep. Exp. 499 SG&A 1,945 0.318331 EBIT 1,116 Int. Exp. 277 Income before Taxes 839 Income Taxes 268 Net income $571 ASSETS Year 10 Ratios Forecast Total Current Assets 1,163 0.190344 PP&E 16,898 Intangible assets 863 863 Total assets $18,924 Total Current liabilities 2,134 0.349264 Deferred Taxes 5,160 5,160 Long-term debt 5,003 Common Stock 3,558 3,558 Retained earnings 2,762 Total Owner's Equity 6,627 Total liabilities and Owner's equity 18,924 A) $64 million B) $165 million C) $342 million D) $580 million E) $965 million
Most ERP vendors and consultants try to compete against each other by having different:
A) databases. B) application servers. C) implementation methodologies. D) APIs. E) GUIs.