Personal observation is an observational research strategy in which human observers record the phenomenon being observed as it occurs
Indicate whether the statement is true or false
TRUE
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Suppose you are an investor facing a choice between three investments that are identical in every way except in terms of their rates of return and taxability. Which investment provides the highest after-tax return? Investment A:interest rate 10 percent, tax rate 40 percent of interest income.Investment B:interest rate 8 percent, tax rate 25 percent of interest income.Investment C:interest rate 6.5 percent, tax rate 0 percent. Investment D:interest rate 5 percent, tax rate 1 percent.
A. Investment A B. Investment B C. Investment C D. Investment D
Which of the following is true of the engineering method of separating costs?
A) It is generally used to estimate the cost of activities and new products. B) It is sometimes called a time and motion study. C) It separates costs by performing a step-by-step analysis of various elements involved. D) All of these choices are correct.
To assist in detecting illegal bribes, Cut Rite Contractors, Inc., and all U.S. companies, must
A. conceal financial records that reveal past bribes. B. keep records that "accurately and fairly" reflect financial activities. C. make bribes through third parties rather than directly to officials. D. permit payments to foreign officials that are unlawful in that country.
Robert and Melissa own a home in Big Bear Lake, California. During the year, they rented it for 55 days for $11,000 and used it for 12 days for personal use. The expenses for the house included $12,000 in mortgage interest, $2,000 in property taxes, $1,000 in utilities, $600 in maintenance, and $4,000 in depreciation. What is their income or loss from their cabin (without considering the passive loss limitation)? Use the IRS method for allocation of expenses. (Round your answer to the nearest whole number.)
A. $11,000 net income. B. $5,090 net loss. C. $0. D. $2,947 net loss.