Please answer 13 simple finance multiple choice! ( NO EXPLAINATION NEEDED) Thank you in advance!
The sales revenue on the October 1, 2012-September 30, 2013 income statement for Diane's thrift store is as $1,200,000. Cost of goods sold for Diane's thrift store was 30% of sales, operating expenses were 25% of sales, and total interest expense was $10,000,00. Her tax rate is 6%. What was the net profit for Diane's thrift store during that period? Select one: In the second quarter of 2013, Norma's Apple retail store sold 3000 iPhone5s at $200/phone. She expects that a 10% decrease in price would result in a 20% increase in sales during the fourth quarter. What is the anticipated increase in sales revenue for the iPhone5s during the fourth quarter? Select one: At an interest rate of 8%, how much would a $6000 annuity that is paid at the end of each year for five years cost? Select one: All of the following are types of business plans except Select one: All of the following are sources of financial risk except Select one: If Natalie wanted to purchase a $1000 face value bond in five years from now, how much would she have to deposit in an account paying 8% annually today? At an interst rate of 8%, how much would a $6000 annuity that is paid at the begining of each year for five years cost? Select one: Dustin has a client that would like to have $35,000 available for his son to go to college in five years. Dustin suggests that his client deposit $6000 into an annuity due at the beginning of each year. If that annuity pays 8% interest, how much would Dustin's client have in the annuity in five years? Select one: US Government debt obligations only have this kind of risk Select one: Chernell is planning to deposit $1000 into a five year Certificate of Deposit (CD) which is paying an interest rate of 8% annually. How much will the CD balance be in five years? Select one: A long-term bond would be purchased in a Select one: The sales revenue on the Octooer 1, 2012-September 30, 2013 income statement for Dianes Thrift Store is as $1,200,000. Cost of goods sold for Diane's Thrift Store was 30% of sales, operating expenses were 25% of sales, and total interest expense was $10,000,00. Her tax rate is 6%. Diane anticipates that between October 1, 2013 and September 30, 2014. Sales and cost of goods sold will increase 20% and expenses will decrease 10% from the prior year. Because Diane did not incur any additional debt, interest will remain at $10,000 and Diane's Thrift Store will remain in the 6% tax bracket. What is the anticipated net profit for Diane's Thrift Store between October 1, 2013 and September 30, 2014? Select one: Rick, CFO of a half way house, is planning a $26,000,000 acquisition of an unused hotel on January 1, 2014. It will be depreciated on a straight line basis over the next 26 years. The current facilities of his company. New Life in Christ, purchased another unused hotel when it started busness on January 1, 2012 for $52,000,000 and it is also being depreciated on a straight line basis over 26 years. At the end of December 31, 2014, how much of fixed assets will be comprised of these facilities on the Balance Sheet of New Life in Christ? Hint: Calculate how much each buying depreciates per year and multiply this figure from the number of years the building has been owned. Subtract the depreciation from the total amount of the facilities. Select one
