Last Year, a Firm Had Sales of $200,000

question 63

Multiple Choice

Last year, a firm had sales of $200,000. Its cost of goods sold was $75,000; administrative expenses were $25,000; marketing expenses were $25,000; depreciation expense was $10,000; and interest expense was $15,000. If the tax rate is 30%, what was the firm's NOPAT last year?]

• A)$19,500
• B)$35,000
• C)$45,500
• D)$52,500

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Definitions:

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Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it defines the cutoff between significant and non-significant results.

F-ratio

A statistic calculated in an ANOVA test representing the ratio of variance between the groups to the variance within the groups.

Predicted Exam Scores

Estimates or forecasts of the scores individuals are expected to achieve on an exam based on a model or prior performance.