19) Which of the following is a non-cash expense? A. Administrative salaries B.

Question

19) Which of the following is a non-cash expense?

A. Administrative salaries
B. Packaging costs
C. Depreciation expenses
D. Interest expense



20) A plant can remain operating when sales are depressed:

A. unless variable costs are zero when production is zero.
B. in an effort to cover at least some of the variable cost.
C. if the selling price per unit exceeds the variable cost per unit.
D. to help the local economy.



21) The break-even model enables the manager of a firm to:

A. determine the optimal amount of debt financing to use.
B. determine the quantity of output that must be sold to cover all operating costs.
C. calculate the minimum price of common stock for certain situations.
D. set appropriate equilibrium thresholds.



22) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?

A. 8%
B. 7%
C. 6%
D. 5%



23) If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of five years?

A. $2,465.78
B. $3,408.88
C. $3,525.62
D. $5,008.76



24) The present value of a single future sum:

A. increases as the discount rate increases.
B. depends upon the number of discount periods.
C. increases as the number of discount periods increas.
D. is generally larger than the future sum.

Explanation / Answer

19. C 20.C 21.B 22.C 23.D 24.B

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