Question
Paint Inc. paid $420 in dividends and $600 in interest expense. The addition to retained earnings is $390. The tax rate is 34 percent. What
Paint Inc. paid $420 in dividends and $600 in interest expense. The addition to retained earnings is $390. The tax rate is 34 percent. What are the earnings before interest and taxes?
$1,326.67 | ||
$ 810.00 | ||
$1,500.00 | ||
$2,100.00 | ||
$1,827.27 |
invested $10,000 at a rate of 6% compounded annually. How long will it take for the investment to grow to $40,000?
4.00 years | ||
50.00 years | ||
23.79 years | ||
1.33 years | ||
21.88 years |
If $300 will grow to $400 in 10 years, using the same rate of interest, how much will $250 be in 25 years?
$489.43 | ||
$557.32 | ||
$513.20 | ||
$444.86 | ||
none of the proposed choices |
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