If all columns of a completed work sheet balance, you can be sure that no errors were made in its preparation.

Answer the following statement true (T) or false (F)


False

Business

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Weston Company is considering a capital project that delivers a $50,000 annual net cash flow before tax. The investment will result in annual depreciation expense of $10,000 over the project's four-year useful life. Assuming a tax rate of 40%, what amount of annual after-tax net cash flow will be provided by this project?

A. $34,000 B. $24,000 C. $16,000 D. $40,000

Business

A company purchases merchandise with a catalog price of $20,000. The company receives a 35% trade discount from the seller. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?

A. $13,000. B. $13,720. C. $6,860. D. $12,740. E. $19,600.

Business

________ refers to the integration made by express reference in one document that refers to and incorporates another document within it

A) Implied integration B) Incorporation by reference C) Executory contract D) Merger clause

Business

Who makes justice appointments to the United States Supreme Court?

A) The Chief Justice B) The Solicitor General C) The FBI Director D) The president

Business