Jill's Wigs Inc

question 72

Multiple Choice

Jill's Wigs Inc.had the following balance sheet last year: Jill has just invented a non-slip wig for men which she expects will cause sales to double, increasing after-tax net income to $1,000.She feels that she can handle the increase without adding any fixed assets.(1) Will Jill need any outside capital if she pays no dividends? (2) If so, how much?

• A) No; zero
• B) Yes; $7,700
• C) Yes; $1,700
• D) Yes; $700
• E) No; there will be a $700 surplus.

---

Definitions:

Tower of Hanoi

The Tower of Hanoi is a mathematical puzzle consisting of three rods and a number of disks of different sizes that need to be transferred from one rod to another under certain rules.

General Problem Solver

A computer program designed in the 1950s to address the thought processes involved in solving problems, aiming to simulate human problem-solving methods.

Crypt Arithmetic

A type of mathematical puzzle in which the digits are replaced by letters or symbols, and the aim is to figure out the original digits.

Logic

The study of principles of reasoning, including the structure of arguments and the correctness of inferences.