Which of the following is a primary advantage for the consumer when using the internet for shopping?
A) Objective customer reviews
B) Faster delivery
C) Elimination of added costs of wholesalers and retailers
D) Efficient use of corporate resources
E) Cost-oriented pricing
Answer: C
Explanation: C) Because the Web provides a more direct link between producer and customer, buyers often avoid the added costs of wholesalers and retailers.
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Gordon Corporation is considering a 30 year project. The present value of all future cash flows from the project is $825,000. Its initial investment is $475,000. Calculate the Profitability Index on this project.
A) 1.14 B) 0.74 C) 0.84 D) 1.74
The operating cycle for this company is closest to:
Given the following financial statement data, calculate the operating cycle for this company. In millions Credit sales $25,000 Cost of goods sold $20,000 Accounts receivable $2,500 Inventory – Beginning balance $2,000 Inventory – Ending balance $2,300 Accounts payable $1,700 A. 42.0 days. B. 47.9 days. C. 78.5 days.