The advantages of holding companies include ________.
A) reduced federal corporate taxes due to the holding company status
B) decreased risk resulting from the leverage effect
C) possible state tax benefits realized by each subsidiary in its state of incorporation
D) low cost of administration
C) possible state tax benefits realized by each subsidiary in its state of incorporation
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Logan is compiling data on the sales of video game consoles over the last five years, with proportionate sales reflected for four age categories for each of those years. He wants to use a graphic to make the data more understandable. This data will be best represented on _____.?
A) ?a segmented bar chart B) ?a map C) ?a line chart D) ?the Gantt chart
For a single server, single queue system with an arrival rate of 6 customers per hour and a service rate of 15 customers per hour, what is the probability of exactly one customer in the system (to two decimal places)?
a. 0.90 b. 0.40 c. 0.24 d. Cannot be determined from the information given
Seth told the salesperson at Outdoor Times that he wanted the sleeping bag that was advertised in the Sunday paper; one that would keep him comfortable if the temperature drops to 10 degrees Fahrenheit. The salesperson told Seth they were sold out of that bag, but there were two other styles that would meet his needs and were the same price. Seth insisted he wanted the advertised bag and
threatened to sue for breach of contract. Which is true? a. Outdoor Times is guilty of "bait and swap.". b. Seth will prevail in his case, as Outdoor Times is responsible for having sufficient stock of advertised items. c. Seth will not prevail, as the advertisement was simply a request for offers. d. Outdoor Times must provide Seth with a raincheck, ensuring he can buy the same bag at the sales price at a later date.
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:
A. Debit Bond Interest Expense $14,000; debit Discount on Bonds Payable $200; credit Cash $14,200. B. Debit Bond Interest Expense $14,200; credit Cash $14,000; credit Discount on Bonds Payable $200. C. Debit Bond Interest Expense $28,000; credit Cash $28,000. D. Debit Bond Interest Expense $13,800; debit Discount on Bonds Payable $200; credit Cash $14,000. E. Debit Bond Interest Expense $14,000; credit Cash $14,000.