Profitability is an absolute number that appears on the bottom line of an income statement

Indicate whether the statement is true or false

FALSE

Business

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Which of the following is NOT a step in the forecasting process?

A) Determine the use of the forecast. B) Eliminate any assumptions. C) Determine the time horizon of the forecast. D) Select the forecasting model. E) Validate and implement the results.

Business

A U.S. investor makes an investment in Britain and earns 14% on the investment while the British pound appreciates against the U.S. dollar by 8%. What is the investor's total return?

A) 22.00% B) 23.12% C) 6.00% D) 4.88%

Business