Which is true regarding the trade-off a firm makes when it spends money on an investment project? a. the trade-off a firm faces when using retained earnings or borrowed funds is the same. b. borrowing money will always be more expensive than using retained earnings. c. using retained earnings has a higher opportunity cost than does using borrowed money because retained earnings come from past profits. d. the cost of retained earnings is unrelated to the cost of borrowing money.

Which type of investment offers both capital gains and interest income? a. property b. cds c. stocks d. bonds

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.