Grid Tool Company makes and sells tools. One of the tools is believed to be haz¬ardous. The appropriate government agency may require Grid to
a. export the tool and sell it only abroad.
b. increase the price to cover the cost of any injuries or damage.
c. reduce the price to indicate the hazard to consumers.
d. remove the tool from the market.
D
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Net income equals revenues plus ____________________ minus expenses and ____________________
Fill in the blank(s) with correct word
In comparison to lifestyles, demographics are _____
a. easier to measure b. more likely to be profiles c. more difficult to measure d. growing at a faster rate
A voluntary petition is a petition filed by a creditor that states that the debtor has debts.
Answer the following statement true (T) or false (F)
Agri-Industries purchased some agricultural land at the edge of a large metropolitan area for $250,000 five
years ago. In order to have the land classified as agricultural for property tax purposes, the company has been leasing the property to neighboring farmers. The before-tax return from leasing the property is $12,000 per year. This company's corporate tax rate is 35 percent. If the company sells the land for $400,000 today, what is the internal rate of return on this investment?