The manufacturer of Fast Peddle Bikes offers a warranty that states that the gear-shifting mechanism for its product will work consistently and be free of mechanical defects for five years. This is an example of a(n) ________ warranty.
A. specific
B. general
C. extended
D. additional
E. basic
Answer: A
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The accumulated benefit obligation measures
a. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. b. an estimated total benefit at retirement and then computes the level cost that will be sufficient, together with interest expected to accumulate at the assumed rate, to provide the total benefits at retirement. c. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. d. the shortest possible period for funding to maximize the tax deduction.
Accelerated depreciation assumes all of the following except that
A) asset benefit increases with each year of use. B) the asset provides more benefit in the early years. C) obsolescence makes an asset less valuable in its later years. D) repair expense is less in the early years than in the later years.
The infancy doctrine gives adults the right to disaffirm contracts they have entered into with minors.
Answer the following statement true (T) or false (F)
How does opportunity cost affect an investor's required rate of return?
What will be an ideal response?