Under the current law, lenders must meet quotas in extending credit to women and minorities
Indicate whether the statement is true or false
FALSE
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Which amortization method should be used for intangibles that are amortized?
A) a method based on the expected pattern of benefits to be produced by the asset B) a method based on an annual review for impairment C) the straight-line method; all others are inappropriate D) any method is appropriate
For price discrimination to work ________
A) the market must be segmentable and the segments must show similar intensities of demand B) members in the lower-price segment must be able to resell the product to the higher-price segment C) competitors must be able to undersell the firm in the higher-price segment D) the practice must not breed customer resentment and ill will E) the extra revenue derived from price discrimination must not exceed the cost of segmenting and policing the market
On January 2, 2014, Sanders Corporation granted stock options to key employees for the purchase of 60,000 shares of the company's common stock at $25 per share. The options are intended to compensate employees for the next two years. The options are exercisable within a four-year period beginning January 1 . 2016, by grantees still in the employ of the company. The fair value of the option
determined by an option pricing model is $7 at the grant date. Sanders plans to distribute up to 60,000 shares of treasury stock when options are exercised. The treasury stock was acquired by Sanders at a cost of $28 per share and was recorded under the cost method. Assume that no stock options were terminated during the year. How much should Sanders charge to Compensation Expense for the year ended December 31 . 2014? a. $420,000 b. $210,000 c. $180,000 d. $90,000
Ellis Retail is considering an investment in a delivery truck. Ellis has found a used truck that he can purchase for $8,000 . He estimates the truck would last six years and increase his store's net cash revenues by $2,000 per year. At the end of six years, the truck would have no salvage value and would be discarded. Ellis will depreciate the truck using the straight-line method. Refer to Ellis
Retail. What is the payback period on the investment in the new truck? a. 12 years b. 6 years c. 4 years d. 2 years