Genetech Has $4,000,000 in Assets

question 35

Multiple Choice

Genetech has $4,000,000 in assets. It has decided to finance 30% with long-term financing (9% rate) and 70% with short-term financing (7%) rate. What will be its annual interest costs?

• A) $78,000
• B) $126,000
• C) $440,000
• D) $304,000

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Definitions:

Financial Losses

A decline in money, assets, or investments value experienced by an individual or organization.

Health Care

The organized provision of medical services to individuals or communities for the purpose of promoting, maintaining, monitoring, or restoring health.

Work Schedules

The allotted times and periods assigned for work activities and tasks.

Night Shifts

Night shifts are work periods scheduled during the nighttime, often requiring employees to work through the late hours until the morning.