1.A firm has a return on equity of 22 percent. The total asset turnover is 3.0 and the profit margin is 9 percent. The total equity is $4,500. What is the net income?

Select one:

a.$990

b.$330

c.$2,970

d.$1,215

e.$405

2.Beatrice invests $1,400 in an account that pays 5 percent simple interest. How much more could she have earned over a 6-year period if the interest had been compounded annually?

Select one:

a.$56.13

b.$23.14

c.$33.22

d.$39.87

e.$336.80

3.You are going to deposit $3,000 in an account that pays .36 percent interest compounded monthly. How much will you have in 6 years?

Select one:

a.$3,889.76

b.$3,899.86

c.$3,885.87

d.$3,866.58

e.$3,871.93

4.The most recent census for a city indicated that there were 961,272 residents. The population of the city is expected to increase at an annual rate of 4.1 percent each year for the next 7 years. What will the population be at that time?

Select one:

a.1,325,721

b.1,380,076

c.1,293,821

d.1,273,507

e.1,316,946

5.Bob bought some land costing $15,440. Today, that same land is valued at $44,917. How long has Bob owned this land if the price of land has been increasing at 6 percent per year?

Select one:

a.16.46 years

b.17.45 years

c.18.33 years

d.20.51 years

e.19.35 years