A facility that creates new products, processes, and technologies for the entire network is
A) a lead facility.
B) a source facility.
C) a server facility.
D) an outpost facility.
Answer: A
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In general, which of the following statements regarding self-employed retirement accounts is true?
A. In general, SEP IRAs have higher contribution limits than individual 401(k)s no matter the age of the contributing taxpayer. B. In general, SEP IRAs have higher contribution limits than individual 401(k)s if the contributing taxpayer is at least 50 years of age at year-end. C. In general, individual 401(k)s have higher contribution limits than SEP IRAs. D. None of the choices are true. In general, both SEP IRAs and individual 401(k)s have exactly the same annual contribution limits.
A positive financial leverage indicates that:
a. the return on borrowed funds exceeds the cost of borrowing those funds. b. the company sold more inventory while maintaining less inventory on hand. c. the days to collect receivable is less than the days to pay creditors. d. the cost of borrowing funds exceeds the return on those borrowed funds.
If transportation costs were a huge portion of a firm's expenses and the firm expected gas prices to increase greatly in the next year, then in preparing its pro forma income statement the firm should ________
A) use the percentage of transportation costs from last year's sales B) decrease the percentage of transportation costs from the percentage of last year's sales C) increase the percentage of transportation costs from the percentage of last year's sales D) double the percentage of transportation costs from the percentage of last year's sales
Alice and Ray Cramden purchased a home from Mary and Ralph Norton for $270,000. Mary and Ralph had purchased their home from the developer for the subdivision. After closing, the title company discovered that there were two liens on the home from the landscaper for the subdivision developer for $12,000 and from the appliance wholesaler for the developer for the subdivision for $8,000. Which
statement best describes the rights of Alice and Ray? A) They took the home free and clear of the liens B) Alice and Ray took the property subject to the liens C) Alice and Ray can have the liens removed from their property title D) Both a and c