If you sell an asset that you owned for less than 12 months for more than you paid for it, you will report a(n) ________
Fill in the blank(s) with the appropriate word(s).
Answer: short-term capital gain
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Which of the following statements concerning liquidated damages is NOT TRUE?
a. A liquidated damages clause will be enforced, if, when the contract was made, it was difficult to estimate actual damages. b. The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach. c. Nominal damages are not the same thing as liquidated damages. d. Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.
First Buy Television Antenna Company provided the following manufacturing costs for the month of June
Direct labor cost $132,000 Direct materials cost 84,000 Equipment depreciation (straight-line) 24,000 Factory insurance 10,000 Factory manager's salary 10,200 Janitor's salary 4,000 Packaging costs 18,600 Property taxes 16,000 From the above information, calculate First Buy's total fixed costs. A) $298,800 B) $40,200 C) $60,200 D) $64,200
Wayne Enterprises Inc pays a regular annual dividend on its common shares which is expected to grow annually in perpetuity at the rate of 3%. Today is Dec 31 and Wayne pays its dividend on January 1 (tomorrow). Last year, the dividend was $0
75 per share. Ignoring settlement, taxes and other institutional issues, what is a fair price for the stock today if investors expect an annual return of 9%? A) $12.88 B) $13.26 C) $13.41 D) $13.63 E) $14.03
The ________ schedule will usually be based on the ________ forecast
A) sales; production B) production; sales C) forecast; scheduled D) production; cash