ACCT125 Quiz 3 of 3 2023 Business Finance
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Question 2 |
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Question 6 |
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Question 7 |
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Question 8 |
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Question 9 |
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Question 10 |
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Question 11 |
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Question 12 |
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Unit Selling
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Unit Variable
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Unit Contribution
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Product
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Price
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Cost
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Margin
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Arks
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$80
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$20
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$60
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Bins
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120
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40
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$80
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Question 13 |
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Question 14 |
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Question 15 |
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Question 16 |
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Question 17 |
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Question 18 |
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Question 19 |
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Question 20 |
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Question 21 |
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Question 22 |
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Question 23 |
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Question 24 |
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Question 25 |
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Question 26 |
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Question 27 |
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Question 28 |
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Cost
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Machine Hours
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January |
$52,600
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20,000
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February |
75,100
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29,000
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March |
57,000
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22,000
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April |
64,000
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24,500
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Question 29 |
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Question 30 |
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Question 31 |
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Question 32 |
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Question 33 |
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Question 34 |
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Question 35 |
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Bonds payable, 12% (issued 1998, due 2022) |
$1,000,000
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Preferred 5% stock, $100 par (no change during year) |
300,000
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Common stock, $50 par (no change during year) |
2,000,000
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Income before income tax for year |
300,000
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Income tax for year |
80,000
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Common dividends paid |
50,000
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Preferred dividends paid |
15,000
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Question 36 |
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Question 37 |
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Question 38 |
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Net sales on account during year |
$ 500,000
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Cost of merchandise sold during year |
300,000
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Accounts receivable, beginning of year |
45,000
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Accounts receivable, end of year |
35,000
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Inventory, beginning of year |
90,000
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Inventory, end of year |
110,000
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Question 39 |
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Question 40 |
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Question 41 |
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Net sales on account during year |
$1,204,000
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Cost of merchandise sold during year |
630,000
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Accounts receivable, beginning of year |
75,000
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Accounts receivable, end of year |
85,000
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Inventory, beginning of year |
81,600
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Inventory, end of year |
98,600
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Question 42 |
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Question 43 |
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Question 44 |
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Question 45 |
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Question 46 |
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Question 47 |
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Question 48 |
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Question 49 |
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Question 50 |
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Question 51 |
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Net sales on account during year |
$1,095,000
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Cost of merchandise sold during year |
700,000
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Accounts receivable, beginning of year |
47,500
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Accounts receivable, end of year |
37,500
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Inventory, beginning of year |
190,000
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Inventory, end of year |
220,000
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Question 52 |
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Question 53 |
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Question 54 |
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Question 55 |
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Question 56 |
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Question 57 |
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Net sales on account during year |
$ 525,500
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Cost of merchandise sold during year |
375,000
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Accounts receivable, beginning of year |
50,000
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Accounts receivable, end of year |
40,000
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Inventory, beginning of year |
110,000
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Inventory, end of year |
140,000
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Question 58 |
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Question 59 |
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Question 60 |
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2010
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Market price per share of common stock |
$25.00
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Earnings per share on common stock |
1.25
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Question 61 |
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Question 62 |
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Net sales on account during year |
$ 500,000
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Cost of merchandise sold during year |
300,000
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Accounts receivable, beginning of year |
45,000
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Accounts receivable, end of year |
35,000
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Inventory, beginning of year |
90,000
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Inventory, end of year |
110,000
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Question 63 |
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Question 64 |
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Question 65 |
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Question 66 |
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Question 67 |
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Question 68 |
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Question 69 |
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Income from
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Net Cash
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Year
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Operations
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Flow
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1
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$37,500
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$187,500
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2
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37,500
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187,500
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3
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37,500
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187,500
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4
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37,500
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187,500
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5
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37,500
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187,500
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Question 70 |
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Question 71 |
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Question 72 |
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Question 73 |
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Question 74 |
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Question 75 |
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Question 76 |
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Income from
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Net Cash
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Year
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Operations
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Flow
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1
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$37,500
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$187,500
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2
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37,500
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187,500
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3
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37,500
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187,500
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4
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37,500
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187,500
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5
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37,500
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187,500
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Question 77 |
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Question 78 |
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Question 79 |
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Question 80 |
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Question 81 |
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Question 82 |
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Question 83 |
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Year
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6%
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10%
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12%
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1
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.943
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.909
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.893
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2
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.890
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.826
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.797
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3
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.840
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.751
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.712
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4
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.792
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.683
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.636
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Question 84 |
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Question 85 |
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Question 86 |
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Question 87 |
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Question 88 |
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Year
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10%
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15%
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20%
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1
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0.909
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0.870
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0.833
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2
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1.736
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1.626
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1.528
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3
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2.487
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2.283
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2.106
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4
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3.170
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2.855
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2.589
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5
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3.791
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3.353
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2.991
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6
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4.355
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3.785
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3.326
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7
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4.868
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4.160
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3.605
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Question 89 |
1 points |
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Year
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Present Value of $1 at 10%
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1
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0.909
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2
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0.826
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3
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0.751
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4
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0.683
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5
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0.621
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6
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0.513
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Question 90 |
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Question 91 |
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Question 92 |
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Income from
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Net Cash
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Year
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Operations
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Flow
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1
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$37,500
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$187,500
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2
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37,500
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187,500
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3
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37,500
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187,500
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4
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37,500
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187,500
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5
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37,500
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187,500
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Question 93 |
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Question 94 |
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Question 95 |
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Question 96 |
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Question 97 |
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Income from
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Net Cash
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Year
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Operations
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Flow
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1
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$37,500
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$187,500
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2
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37,500
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187,500
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3
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37,500
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187,500
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4
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37,500
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187,500
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5
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37,500
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187,500
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Question 98 |
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Question 99 |
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Question 100 |
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Year
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6%
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10%
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12%
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1
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.943
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.909
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.893
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2
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.890
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.826
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.797
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3
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.840
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.751
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.712
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4
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.792
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.683
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.636
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