15. A m with A $72.00 8$15.0 C667 D $3 00 16. How many of the folowing items are found on the Notes payable (due in six months Capital in excess of par value Common Bonds payable (mature in 10 years Net income (earnings after taxes) these items are found on the income statement B. Three of these items are found on the income statement tems are found on the income statement D. Five of these tems are found on the income statement sound C Four of these 17. The return measure that an investor demands for giving up current use of funds, without adjusting for purchasing power changes or the real rate of retum, is the A, risk premium. B Inflation premium. C. dividend yield. D. discount rate 18.How much must you invest today at 8% interest in Order to see your mestment vow to S8.000 in 10 years? C. $3,105 D. $17,272 A$3.070 B, $3.704 15.9% 19. The cost of not taking the discount on trade credit of 3/20, net 90 is approximately B. 16.3% C. 18.0% D. 17.4% 20. Samuelson has a beginning inventory balance on January 1 of 12,000 units and desres an ending balance of 20% next month's sales. If sales are expected to be 17,000 for January and 20,000 for February, what amount of units does Samuelson have to produce during the month of January? A 4,000 units 8. 9,000 units C. 3,400 units D. 8,400 units 21. If a frm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40.000 units, fxed ofthe costs are equal to A $27,000 B. $90,000 C. $80,000 D. $50,000 22. A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. t sales were 800 units, what is the value of the ending inventory using LIFO? A. $2,750 B $3,600 C. $3,300 D. $3,850 23. Fishermen's Corp. is purchasing a boat. If purchased, it is expected to receive $20,000 at the end of the first year, $40,000 at the end of the second year, and $60,000 at the end of the third year within its business. What is the boat worth to Fishermen's Corp today, assume an 8% discount rate. A $120,000 .$100,440 C, $47,640 D. $98,758 24. Mr. Jones borrows $4,500 for 90 days and pays $75 interest.What is his approximate effective rate of interest? A. 9.3% B, 6.7% C.11.796 D. 1.7% 25. If a firm has fixed costs of $30,000, a variable cost per unit of $.75, and a break-even point of 5,000 units, the sales price per unit is A $2.50 B. $6.75 C. $4.00 D. $4.50
