An investment of $150,000 is expected to generate an after-tax cash flow of $100,000 in one year and another $120,000 in two years. The cost of capital is 10%. What is the internal rate of return?

If Hayes Corporation sells and issues 100 shares of its $1 par value common stock at $15 per share, the entry to record the sale will not include a

A. Debit to cash of $1,500. B. Credit to contributed capital in excess of par of $1,400. C. Credit to common stock of $100. D. Credit to retained earnings of $1,500. E. All of the above would be included.

When Tool Trade, an American company, uses qualified Brazilian manufacturers to produce many of the products it sells to retailers in South America, Tool Trade is using contract manufacturing

Indicate whether the statement is true or false