A Firm's Net Income Last Year Was $2

question 85

Multiple Choice

A firm's net income last year was $2.65 million. Its net income grew 8 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) 6.6 years
• B) 7.1 years
• C) 8.2 years
• D) 9 years

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Definitions:

Decentration

In Piagetian theory, the ability to consider multiple aspects of a situation rather than focusing on a single perspective.

Reversal

The act of changing something to its opposite direction, state, or position.

Imaginary Friends

Fictional characters created by children for companionship, often seen as a normal aspect of child development.

Peer Relationships

Social connections among individuals of approximately the same age, which are important for social development.