One advantage of leasing equipment is that lease payments represent an expense and can be used as a tax deduction.
Answer the following statement true (T) or false (F)
True
You might also like to view...
When someone accepts an offer by an exchange of mutual promises, what kind of contract has been formed?
a. implied b. unilateral c. executed d. commercial e. none of the other choices
Ogden Corp hired Thorp as a sales representative for nine months at a salary of $3,000 per month plus 4 percent of sales. Which of the following statements is correct?
a. Thorp is obligated to act solely in Ogden's interest in matters concerning Ogden's business. b. The agreement between Ogden and Thorp formed an agency coupled with an interest. c. Ogden does not have the power to dismiss Thorp during the nine-month period without cause. d. The agreement between Ogden and Thorp is not enforceable unless it is in writing and signed by Thorp.
Replacement charts can be used to forecast the external supply of candidates for senior managerial positions in the organization
Indicate whether the statement is true or false.
Bux Corporation produces and sells one product. In November it expects to sell 10,600 units of this product. The company's variable selling and administrative expense is $3.70 per unit sold and its fixed selling and administrative expense is $50,000 per month. The estimated selling and administrative expense for November is closest to:
A. $59,480 B. $89,220 C. $50,000 D. $39,220