MVB IncObtains a Return of 9

question 31

Multiple Choice

MVB Inc.obtains a return of 9.8% from assets worth $248.5 million.Calculate its net profit.

• A)$105.9 million
• B)$36.8 million
• C)$24.3 million
• D)$76.2 million
• E)$60.4 million

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Definitions:

Fire Extinguishers

Portable devices that emit substances to extinguish a fire by cooling the burning material, depriving the flame of oxygen, or interfering with the chemical reactions occurring.

Sale Of Goods

The transfer of ownership of goods from a seller to a buyer for a price.

Specific Quantity

A precise amount or number of items designated in an agreement or contract.

Promise To Ship

A commitment or agreement to dispatch goods to a buyer within a specified period.