The internal rate of return equals the rate that yields a net present value of zero for an investment.
Answer the following statement true (T) or false (F)
True
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Cash received from the sale of property, plant, and equipment is classified in which section of the statement of cash flows?
A) Operating B) Investing C) Financing D) Noncash
____ reports typically present data, analysis, and a conclusion.
A. Informational B. Analytical C. External D. Internal
An individual with $700,000 taxable income has the same marginal rate as a single taxpayer or as a head of household.
Answer the following statement true (T) or false (F)
Daniel and Annie signed a contract providing that Annie would sell craft beers to Daniel's grocery stores at a price of $20 per case. During negotiations, Daniel and Annie agreed that the price would go up to $22 per case once he had bought 1,000 cases. This provision never made it into the contract. After the contract had been signed, Daniel agreed to a price of $23 per case once volume exceeded
1,000 cases. The contract had an integration provision but no modification clause. What price must Daniel pay for cases in excess of 1,000? a. $20 b. $22 c. $23 d. The contract is void because the terms are unclear. NOTE: Because there is an integration clause, the agreement to pay $22 is unenforceable. Because there is no modification clause, the subsequent oral agreement is enforceable.