If a written lease does not state the length of the lease term, the lease is
a. unenforceable.
b. enforceable for one year.
c. considered complete in spite of the omission.
d. considered a tenancy at sufferance.
A
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For years, Mercedes-Benz utilized a ________ pricing strategy; however, this created an opportunity for Toyota to introduce its luxury Lexus line and undercut Mercedes
A) gray market B) skimming C) penetration D) market holding E) cost-based
Lexington Corporation conducts business in four states. In state A, its sales factor is 50%, its payroll factor is 14%, and its property factor is 29%. State A uses an equally-weighted three-factor apportionment formula, but plans to change to a formula that double-weight the sales factor. Which is of the following statements is true?
A. Any increase in Lexington's tax liability to state A will be offset by a decline in tax liability to other states. B. Lexington's tax liability to state A will decrease. C. Lexington's tax liability to state A will increase. D. Lexington's tax liability to state A will be unaffected by this change.
Since the observer does not interact with the subject in observation studies, observation is an error-free method of data collection.
Answer the following statement true (T) or false (F)
The Fortune Company reported the following income for Year 2: Sales$130,000 Cost of good sold 80,000 Gross margin$50,000 Selling and administrative expense 15,000 Operating income$35,000 Interest expense 5,000 Income before taxes$30,000 Income tax expense 10,000 Net income$20,000 What is the company's number of times interest is earned ratio?
A. 4 times B. 7 times C. 6 times D. None of these answers is correct.