Grapes Of Wrath has a book value of $750 million. The delicatessen chain is a public company, with a market value equal to 3 times book. If its ROE was 20%, total earnings equaled:
a) $50 million
b) $150 million
c) $450 million
Answer: b) $150 million
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Nash, Owen, and Polk are co-sureties with maximum liabilities of $40,000, $60,000, and $80,000, respectively. The amount of the loan on which they have agreed to act as co-sureties is $180,000. The debtor defaulted at a time when the loan balance was $180,000. Nash paid the lender $36,000 in full settlement of all claims against Nash, Owen, and Polk. The total amount that Nash may recover from Owen and Polk is
A. $0 B. $24,000 C. $28,000 D. $140,000
When preparing the report to analyze a proposed quality improvement program, which of the following costs are included in the total costs of undertaking the quality improvement program?
A) warranty costs B) sales returns C) inspection of raw materials D) cost of rework