A form of collaboration between two firms to form a new, jointly owned enterprise is defined as a joint venture

Joanne, Inc is evaluating two possible investments in depreciable plant assets

The company uses the straight-line method of depreciation. The following information is available: Investment A Investment B Initial capital investment $107,000 $159,000 Estimated useful life 10 years 10 years Estimated residual value 0 $26,000 Estimated annual net cash inflow for 10 years $28,000 $46,000 Required rate of return 10% 14% Calculate the payback period for Investment B. (Round your answer to two decimal places.) A) 3.46 years B) 1.94 years C) 2.89 years D) 3.82 years

In contrast to organizational arrangements used by small independent retailers, the organizational arrangement used by department stores is categorized by _____

a. centralized decision making b. a flat organization c. specialization of functions d. simple organizational arrangements