While acquiring firms on average ______ around the merger announcements, target firms _____ .
A. neither gain nor lose; suffer substantial losses.
B. Suffer significant losses
C. Reap substantial gains substantial gams u]suffer substantial losses
D. Neither gain nor lose; reap substantial gains
E. None of the above
D. Neither gain nor lose; reap substantial gains
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A company is evaluating three possible investments
Each uses the straight-line method of depreciation. Following information is provided by the company: Project A Project B Project C Investment $230,000 $54,000 $230,000 Residual value 0 12,000 36,000 Net cash flows: Year 1 56,000 38,000 94,000 Year 2 56,000 29,000 64,000 Year 3 56,000 25,000 74,000 Year 4 56,000 22,000 34,000 Year 5 56,000 0 0 What is the accounting rate of return for Project B? (Round your answer to two decimal places.) A) 38.14% B) 26.19% C) 54.55% D) 51.83%
In his book The Wealth of Nations, Adam Smith supported the mercantilist assumption that trade is a zero-sum game
Indicate whether the statement is true or false.