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LEau Ltd. Reported sales of $56,000,000 for the year ended December 31, 2009. Accounts receivable balances were $8,560,000 at January 1, 2009, $9,600,000 at December 31, 2009. The companys cash collec

A. $42,500,000
B. $48,750,000
C. $54,960,000

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You need to estimate the market value of an income producing property located in your town. Through research you have found that the property should have net operating income of $900,000, taxes of $13

A. $8,281,756.
B. $6,428,571.
C. $5,464,387.

BIM Technologies, Inc., is a large firm in a competitive industry. The company has above-average investment opportunities and its return on investments has been above the companys required rate of ret

A. Cyclicalcompanythatfollowsalow-coststrategy.
B. Speculativecompanythatfollowsadifferentiationstrategy.
C. Growthcompanythatfollowsadefensivecompetitivestrategy.

Portfolios located to the right of the market portfolio on the capital market line are:

A. Lendingportfolios.
B. Low-riskportfolios.
C. Borrowingportfolios.

In a period of declining prices and stable or increasing inventory quantities, which of the following descriptions on the impact of LIFO and FIFO on financial statements (is) are true?LIFO FIFO

A. Ⅲ only.
B. Ⅰ and Ⅱ only.
C. Ⅰ and Ⅲ only.

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