On january 1, 2020, swifty, inc. signed a fixed-price contract to have builder associates construct a major plant facility at a cost of $4,108,000. it was estimated that it would take 3 years to complete the project. also on january 1, 2020, to finance the construction cost, swifty borrowed $4,108,000 payable in 10 annual installments of $410,800, plus interest at the rate of 10%. during 2020, swifty made deposit and progress payments totaling $1,540,500 under the contract; the weighted-average amount of accumulated expenditures was $821,600 for the year. the excess borrowed funds were invested in short-term securities, from which swifty realized investment income of $254,300.

In which of the following situations would the price of a good be most likely to increase? a. a breakthrough in productive technology enables a company to increase its output. b. an increase in production costs results from a rise in wages. c. there's a sudden increase in the number of companies competing to sell the good. d. a drop in demand happens too quickly for producers to decrease production to keep up.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment