All of the following are needed for the computation of depreciation except
a. residual value.
b. estimated useful life.
c. cost.
d. current market value.
D
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Wrongful Interference. California Consumers Co purchased from S. L. Coker an ice distributing business in the city of Santa Monica. In the purchase agreement, Coker agreed that he would not engage in the business of selling or distributing ice either
directly or indirectly in Santa Monica, so long as the purchasers or any later purchasers remained in the business. Imperial Ice Co acquired the ice distributing business from California Consumers. Coker subsequently began selling ice in the same territory. The ice was supplied to him by a company owned by Rossier and Matheson on very attractive terms, because they wished to break into that area. Imperial Ice sued to obtain an injunction to restrain Coker from violating his original contract. Did Rossier and Matheson induce Coker to violate his contract, and were they therefore guilty of the tort of wrongful interference with contractual relations?
A firm has a committed line of credit with a maximum of $1.2 million and an interest rate of 12% (EAR) with a certain bank. The commitment fee is 0.6% (EAR)
The firm borrows $500,000 at the start of the year and then repays it at the end of the year. What is the total cost of the loan? A) $60,000 B) $64,200 C) $76,300 D) $95,000
Belmont Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $200,000. The equipment will have an initial cost of $1,000,000 and have an 8-year life. If there is no salvage value of the equipment, what is the accounting rate of return?
A. 15% B. 40% C. 20% D. 12.5%
In the context of note-taking, the _____ involves citing the exact words from a source.
A. paraphrase method B. explanatory method C. direct quotation method D. summary method