3. If you consume $1 for every $2 you earn in income, your average propensity to consume

(APC) is

A. 30%

B. 20%

C. 50%

D. 100%

Suppose the college administrators estimate that the beautification initiative will cost $6,300. to decide whether the initiative should be undertaken, administrators conduct a survey of the college's 470 students, asking each of them their

Between projects A and B, project A will be considered a superior financial undertaking if it has: a. A shorter payback period than project B. b. A lower net present value than project B. c. A lower average rate of return than project B. d.

Amanda Company is considering the replacement of a machine that is presently used in production. The following data are available: Old Machine New Machine Original cost $200,000 $160,000 Useful life in years 10 5 Current age in years 5 0 Book value

Pfizer-warner-lambert spent large sums of money developing its popular cholesterol-lowering drug, lipitor, which is currently protected under a patent

Convention planners and managers must posses what skill? (1) Organization (2) Attractiveness (3) Empathy (4) Creativity

Assume a company has $200 in its petty cash fund. It expends $155 as follows: $80 for delivery expenses, $40 for postage, $35 for office supplies. There is $30 of cash remaining in the fund after these disbursements.

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%. Show work

If a petty cash fund is established in the amount of $250, and contains $151 in cash and $94 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts a.

Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided an 8 percent yield at the time of issue. The preferred stock is now selling for $74. What is the current yield or cost of the preferred stock?

Select the items from the following list that are included in financial literacy. applying for a credit card using a credit card to make a purchase paying taxes opening a checking account selecting a college deciding to rent an apartment