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Question
A firm has the following financial statement data: Sales = $2,000, COGS = $800, Operating Expenses = $600, and Taxes = $400. What is the firm's profit margin?a. 10%
b. 20%
c. 30%
d. 40%
e. 60%
Answer
This answer is hidden. It contains 64 characters.
Related questions
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Which of the following is not true regarding collateralized mortgage obligations (CMOs)?
a. Interest earned on CMOs is exempt from state income taxes.
b. CMO yields are generally higher than comparable Treasury yields.
c. CMOs exhibit little default risk.
d. All of the above are true.
e. Only a. and c. are true.
Q:
Regulators generally prohibit banks from purchasing ____________ for income purposes.
a. Treasury bills
b. commercial paper
c. common stock
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b. A Lubbock County general obligation bond to build a new sewer plant.
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c. currencies in the future at an unspecified time at an unknown exchange rate.
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Q:
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Historically, what has prevented universal banks from operating in the United States?
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Q:
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Q:
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Q:
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b. are limited to "negative" provisions.
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d. are seldom enforced.
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Q:
In the credit process, which of the following activities falls under Credit Execution and Administration?
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Q:
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a. a good faith deposit.
b. a loan against the repurchase agreement.
c. a risk-free guarantee.
d. the difference between the market value of the collateral and the amount of the loan.
e. all of the above.