1. This course in corporate finance has the following three components to help you gain a solid understanding of financial markets and institutions:
a. Lectures, textbook, and the Moodle site.
b. Lectures, textbook, and calculator.
c. Textbook, Moodle site, and live sessions.
d. Lectures, Moodle site, and New York Times.
2. MECCS Inc. has sales of $1,270,000; costs of $643,000; depreciation expense of $109,000; interest expense of $72,000; and tax rate of 35 percent. Calculate the net income of the firm.
A. $289,900
B. $371,700
C. $446,000
D. $336,700