A delivery truck that cost $26,000 has been owned for 3 years and is traded in for another delivery truck to be used for a similar purpose. Depreciation in the amount of $5,200 has been taken each year?a total of $15,600 . If the trade-in value of the old truck is $12,000 and the new truck has a fair market value of $30,000, the new truck would be recorded at
a. $10,400.
b. $12,000.
c. $29,400.
d. $30,000.
d
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Because communication often depends on ______, we tend to use different vocabulary depending on the situation or the person we are talking to.
A. high context B. social context C. slang context D. low context
Programs to manage diversity problems in organizations show that:
a. training programs sometimes backfire and increase polarization of attitudes. b. increasing awareness of minority issues is more important than improving communication skills. c. unequal status interactions among different types of people reduces prejudice. d. minority groups should be given different goals within the organization.
Answer the following statement(s) true (T) or false (F)
1. The financial manager is always referred to as the Chief Financial Officer (CFO). 2. Most new businesses pay costs such as payroll and rent out of a cash reserve. 3. All sales transactions, regardless of payment terms, are considered a part of the firm’s cash flow. 4. Treasury bills (T-bills) are, basically, short-term loans from the company to the U.S. Treasury. 5. Because T-bills are virtually risk free, they are best suited for the small investor that cannot afford to take a large risk.
"The last three years of severe drought conditions have been brutal to our lawn care business. We survived, but our business is too concentrated," said Rocco Camanetti, owner of Camanetti & Sons. "I propose that we expand in new areas-trucking, catering, and dry cleaning-to minimize our risks due to market fluctuations in one industry." Rocco is advocating a(n) ________ strategy.
A. horizontal integration B. related diversification C. lateral integration D. unrelated diversification E. vertical integration