Courts have defined business necessity as a practice that is necessary to the safe and efficient operation of an organization.
Answer the following statement true (T) or false (F)
True
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______ are encouraged to hone their powerlessness while ______ are encouraged to develop their aggressiveness and strength.
Fill in the blank(s) with the appropriate word(s).
Galveston Excursons Corporation is considering the purchase of a new ocean-going vessel that could potentially reduce labor costs of its operation by a considerable margin. The new ship would cost $600,000 and would be fully depreciated by the straight-line method over 15 years. At the end of 15 years, the ship will have no value and will be scuttled. Galveston Excursons' cost of capital is 14
percent, and its marginal tax rate is 35 percent. Refer to Galveston Excursons Corporation. If the ship produces equal annual labor cost savings over its 10-year life, how much do the annual savings in labor costs need to be to generate a net present value of $0 on the project? (Round to the nearest dollar.) Present value tables or a financial calculator are required. a. $ 83,685 b. $ 97,685 c. $146,906 d. $226,008
The consumer decision process begins with a comparison of available alternatives.
Answer the following statement true (T) or false (F)
Bonds issued by BB&C Communications that have a coupon rate of interest equal to 10.65 percent currently have a yield to maturity (YTM) equal to 15.25 percent. Based on this information, it is understood that BB&C's bonds must currently be selling at _____ in the financial markets.
A. the par value B. a discount C. a premium D. the inflation adjusted interest rate E. a floating interest rate