17. B-Box Berhad had net income of RM150,000 on sales of RM5,000,000 during 2019. The...
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17. B-Box Berhad had net income of RM150,000 on sales of RM5,000,000 during 2019. The firms total assets were RM2,500,000 and its capital structure is comprised of 40% debt and 60% equity. What was B-Box retuen on equity in 2019? A. 15%. B. 2.5% C. 10% D. 8.5%.
18. Which of the following statements is FALSE? A. A dollar received one year from now will be worth more than a dollar received today. B. A dollar received one year from now will be worth more than a dollar received two years from now. C. Compounding essentially means earning interest on interest on an initial balance. D. Perpetuities pay an equal payment forever.
19. Money has a greater time value time value __________. A. when rates of return are higher. B. when rates of return are lower. C. when the future is uncertain. D. when investors are willing to assume greater risks.
20. At 8% compounded annually, how long will it take $750 to double? A. 6.5 years B. 48 months C. 9 years D. 12 years
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