If an old asset is sold for less than its book value, the resulting loss will save the company taxes,
hence lowering the cost of the project.
Indicate whether the statement is true or false
TRUE
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The micro view of marketing is mainly concerned with the activities performed by organizations.
Answer the following statement true (T) or false (F)
Brad started a pest control business. To protect his personal assets against liability arising out of the business, Brad incorporated the business. Brad's use of the corporate form of organization to shield against personal liability claims illustrates
A) fundamental risk. B) noninsurance transfer. C) risk retention. D) objective risk.
Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical research.2. The entity received pledges of $700,000 for its endowment fund. All pledges will be collected next year.3. The entity received donated services of $1,200 from medical researchers who helped with the entity's on-going drug development research. It also received $300 in donated services from students, who helped clean the research facilities.4. The entity paid medical research operating expenses of $5,000 that were related to restricted net
assets it had received in prior years. What will be an ideal response?
A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 8 percent annual dividend. The firm also has 5,000 shares of common stock outstanding. If the stock is cumulative and the board of directors has not paid the preferred dividend for the prior two years, how much must the preferred stockholders be paid (in total, not per share) prior to paying dividends to common stockholders at the end of third year?
A) $8,000 B) $16,000 C) $24,000 D) $25,000