The Total Assets of the Philbin Company on January 1,20

question 111

Multiple Choice

The total assets of the Philbin Company on January 1,20 × 9 were $2.3 million and on December 31,20 × 9 were $2.5 million.Net income for 20 × 9 was $188,000.Dividends for 19 × 9 totalled $75,000,interest expenses totalled $70,000,and the tax rate was 30%.The return on total assets for 20 × 9 was closest to:

• A) 6.8%.
• B) 9.5%.
• C) 9.9%.
• D) 10.8%.

Interpret data to identify the modal value in different contexts.

Understand the concept of the 'balancing point' in the context of mean.

Understand the variability in employee selection processes across organizations.

Recognize the limitations and expenses associated with different selection methods, including interviews.

---

Definitions:

Temperature Inversion

A meteorological condition where the temperature of the air increases with altitude, contrary to the norm, which can lead to pollution events and smog.

Leeward Side

The side of a mountain or hill sheltered from the wind, usually having a milder climate and receiving less precipitation than the windward side.

Thermal Inversion

A weather condition where a layer of warm air traps cold air and pollutants near the surface of the Earth, often leading to poor air quality.

Stagnant Air

Air that lacks movement or flow, often leading to poor air quality and discomfort in indoor and outdoor environments due to accumulation of pollutants and humidity.