Which of the following describes an unsought product?
A. a new type of "health food" produced by a new, small company
B. gravestones aimed at senior citizens
C. encyclopedias aimed at new parents
D. life insurance aimed at college students
E. All these answers are correct.
Answer: E
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If $110,000 of 12 percent bonds are issued (at face value) one month after the last semi-annual interest date, the entry made to record the issue is:
a. Cash 111,100 Bonds Payable 110,000 Bond Interest Expense 1,100 b. Cash 111,100 Bonds Payable 111,100 c. Cash 105,600 Bond Interest Expense 5,500 Bonds Payable 111,100 d. Cash 115,500 Bonds Payable 110,000 Bond Interest Expense 5,500
What is meant by merchandise breadth and depth? Give an example of a store for each of the following: narrow assortment, broad assortment, shallow assortment, and deep assortment
What will be an ideal response?
Alieia Boat Company manufactures 10 luxury yachts per month. A navigation system is included in each yacht. Alieia Boat manufactures the navigation system in-house but is considering the possibility of outsourcing this function. At present, the variable cost per unit is $300, and the fixed costs are $38,000 per month. If it outsources the security system, fixed costs could be reduced by half, and the vacant facilities could be rented out to earn $3000 per month of rental income. What is the maximum contract cost that Alieia should pay for outsourcing?
A) any cost lower than $2500 per unit B) any cost lower than $2200 per unit C) any cost lower than $300 per unit D) any cost lower than $3800 per unit
Carolina Trucking Company (CTC) is evaluating a potential lease for a truck with a 4-year life that costs $41,000 and falls into the MACRS 3-year class. If the firm borrows and buys the truck, the loan rate would be 9.6%, and the loan would be amortized over the truck's 4-year life. The loan payments would be made at the end of each year. The truck will be used for 4 years, at the end of which it will be sold at an estimated residual value of $12,800. If CTC buys the truck, it would purchase a maintenance contract that costs $1,900 per year, payable at the end of each year. The lease terms, which include maintenance, call for a $10,000 lease payment (4 payments total) at the beginning of each year. CTC's tax rate is 35%. What is the net advantage to leasing? (Note: MACRS rates for Years 1
to 4 are 0.33, 0.45, 0.15, and 0.07.) Do not round your intermediate calculations. A. $2,490 B. $1,840 C. $2,707 D. $2,165 E. $1,732