An investor in a 28% tax bracket is trying to decide whether to invest in a municipal bond or a corporate bond. She looks up municipal bond yields (rm) but wishes to calculate the taxable equivalent yield r. The formula she should use is given by ________.

A) r = rm × (1 - 28%)
B) r = rm / (1 - 72%)
C) r = rm × (1 - 72%)
D) r = rm / (1 - 28%)

Cardle Corporation makes one product.Budgeted unit sales are shown below: The ending finished goods inventory should equal 30% of the following month's sales.The budgeted required production for February is closest to:

A) 11,630 units
B) 14,210 units
C) 9,050 units
D) 8,600 units

What is the responsibility of a designated category leader?

A) The category leader manages replenishment decisions for all suppliers.
B) The category leader manages purchasing decisions for all retailers.
C) The category leader manages purchasing decisions for all customers.
D) The category leader manages replenishment decisions for all retailers.

Common size balance sheets make it easier to compare firms

A) with different degrees of leverage.
B) of different sizes.
C) in different industries.
D) that use different inventory valuation methods (FIFO vs. LIFO) .

Refer to Figure 6-18. If the government set a price floor at $17, would there be a shortage or surplus, and how large would be the shortage/surplus?

If the average total cost curve and the average variable cost curve are both U-shaped,and fixed costs are nonzero,then the minimum point of the average total cost curve must lie above the minimum point of the average variable cost curve.

If the price of apples rises, when is the price elasticity of demand likely to be the highest?

A) Immediately after the price increase
B) One month after the price increase
C) Three months after the price increase
D) One year after the price increase