Which of the following is an advantage of leasing from a lessee's perspective?
A) The return to the lessor is quite high.
B) prohibition on leasehold improvements
C) Maximum claim of the lessor in the event of bankruptcy is ten years of lease payments.
D) Maximum claim of the lessor in the event of bankruptcy is three years of lease payments.
D) Maximum claim of the lessor in the event of bankruptcy is three years of lease payments.
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Jackson Incorporate purchased a truck for $36,000. The truck had a useful life of 150,000 miles over 4 years and a $6,000 salvage value. Jackson drove the truck 40,000 miles in Year 1 and 24,000 miles in Year 2. If Jackson uses the units-of-production method, what is the accumulated depreciation at the end of Year 2?
A. $4,800 B. $12,800 C. $8,000 D. $16,000
Investing activities involve the buying and selling of assets such as land and equipment that are held for long-term use in the business.
Answer the following statement true (T) or false (F)
A ________ group is characterized by members who share similar backgrounds and who generally perceive, interpret, and evaluate events in similar ways.
A. multicultural B. homogeneous C. token D. bicultural
A tire manufacturer has been producing tires with an average life expectancy of 26,000 miles. Now the company is advertising that its new tires' life expectancy has increased. In order to test the legitimacy of the advertising campaign, an independent testing agency tested a sample of 6 of their tires and has provided the following data. Life Expectancy (In Thousands of Miles) 28 27 25 28 29 25 ? a.Determine the mean and the standard deviation.b. At the .01 level of significance using the critical value approach, test to determine whether or not the tire company is using legitimate advertising. Assume the population is normally distributed.c. Repeat the test using the p-value approach.
What will be an ideal response?