Appellate courts include courts of appeals and supreme courts
Indicate whether the statement is true or false
True
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The advantages of "contract manufacturing" include all of the following except:
A) access to technical specifications by subcontractors. B) access to technical specifications by local manufacturers. C) a licensing firm can specialize in product marketing. D) limited commitment of financial resources. E) considerable commitment of management resources.
At the beginning of the year, Clampett, Inc., had $100,000 in its AAA and $60,000 of earnings and profits from prior C corporation years. During the year, Clampett, Inc., earned $50,000 of ordinary income and paid $200,000 in distributions to its shareholders. Assume that J.D. owns 25 percent of Clampett, Inc., his basis in Clampett, Inc., at the beginning of the year is $10,000, and his share of the distribution was $50,000. How much, if any, of the distribution is taxable as a capital gain?
A. $27,500. B. $40,000. C. $15,000. D. $0. E. None of the choices are correct.
Which of the following would be a benefit to a franchiser, such as Pep Boys, in expanding into international marketing?
A. There are no risks involved with allowing a foreign franchisee. B. The franchiser does not have to put up a large capital investment. C. The franchiser does not have to share its name or operational procedures. D. The franchisee only pays a set fee every month to the franchiser. E. An equal partnership is formed between the franchiser and franchisee.
Assuming that their NPVs based on the firm's cost of capital are equal, the NPV of a project whose cash flows accrue relatively rapidly will be more sensitive to changes in the discount rate than the NPV of a project whose cash flows come in later in its life.
Answer the following statement true (T) or false (F)