A Firm's Net Income Last Year Was $1

question 131

Multiple Choice

A firm's net income last year was $1.5 million. Its net income grew 5 percent during the last "5" years. If that growth rate continues, how long will it take for the firm's net income to double?

• A) 7.6 years
• B) 10.47 years
• C) 14.21 years
• D) 14.55 years

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Definitions:

Primary Health Care

Basic or essential health care based on practically acceptable and scientifically sound methods and technology, accessible to individuals and families in the community.

National Primary Health Care Awareness Strategy

A campaign or initiative designed to increase awareness and understanding of primary health care's role and importance in the community.

Canada Health Act

The statute that sets out the primary objective of Canadian healthcare policy, to ensure that all residents have reasonable access to medically necessary services without direct charges.

Surgical

Surgical refers to anything related to or involving surgery, which is a medical intervention involving manual and instrumental techniques to treat diseases, injuries, or deformations.