QUESTION 15 Following is Stanley Black & Decker’s income statement for 2016 (in millions): STANLEY BLACK & DECKER, INC. Income Statement For the year ended December 31, 2016 ($ millions) Sales $11,406.9 Cost of goods sold 7,139.7 Gross profit $ 4,267.2 Selling, general and administrative expenses 2,602.0 Other operating expenses 268.2 Operating income 1,397.0 Interest and other nonoperating expenses 171.3 Income before income tax 1,225.7 Income tax expense 261.2 Net income $ 964.5 Compute Stanley Black & Decker’s gross profit margin. A. 63.6% B. 12.2% C. 37.4% D. 8.5% E. None of the above

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51