The ____________________ keyword must be used with the CREATE TABLE command if the table is being created from a subquery
Fill in the blank(s) with correct word
AS
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Article 2A authorizes liquidated damages payable by either party for default or any other act or omission
a. True b. False Indicate whether the statement is true or false
The purpose of bail is to keep someone in jail until trial
Indicate whether the statement is true or false
Which method of business buying is necessary when products are highly homogeneous and examination of each item is not feasible?
A. Negotiation B. Sampling C. Description D. Inspection E. Homogeneous selection
The tax effect of the sale of the existing asset is ________. (See Table 11.5)
Table 11.5 Nuff Folding Box Company, Inc. is considering purchasing a new gluing machine. The gluing machine costs $50,000 and requires installation costs of $2,500. This outlay would be partially offset by the sale of an existing gluer. The existing gluer originally cost $10,000 and is four years old. It is being depreciated under MACRS using a five-year recovery schedule and can currently be sold for $15,000. The existing gluer has a remaining useful life of five years. If held until year 5, the existing machine's market value would be zero. Over its five-year life, the new machine should reduce operating costs (excluding depreciation) by $17,000 per year. Training costs of employees who will operate the new machine will be a one-time cost of $5,000 which should be included in the initial outlay. The new machine will be depreciated under MACRS using a five-year recovery period. The firm has a 12 percent cost of capital and a 40 percent tax on ordinary income and capital gains. A) a tax liability of $2,340 B) a tax benefit of $1,500 C) a tax liability of $3,320 D) a tax liability of $5,320