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  • 2022-06-05
    Iftaxationis$100million,GDPis$800millionandGovernmentexpenditureis$200million,then:
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    • The number of people living in the UK is approximately_________________. A: 100 million B: 200 million C: 20 million D: 60 million
    • Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million If ECE reported $15 millio A: 5.0% B: 7.5% C: 10.0% D: 15.0%
    • Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million If ECE reported $15 million in net income, then ECE's Return on Equity (ROE) is: A: 5.0% B: 7.5% C: 10.0% D: 15.0%
    • If the reserve ratio is 10% and the Fed sells 10 million worth of bonds to a commercial bank, its deposits A: Increase by 10 million B: Decrease by 10 million C: Increase by 100 million D: Decrease by 100 million
    • In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?( ) A: 300 million dollars B: 250 million dollars C: 350 million dollars D: 150 million dollars

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