Which of the following affects the cost of a bond?
A) maturity of a bond
B) dividend policy
C) fixed assets purchased from the proceeds of bond issue
D) money market regulations
A
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Exhibit 20-3 On January 1, 2016, Quinn Company enters into a five-year sales-type lease with Andy Company. The lease requires Andy to make five annual payments at the beginning of the year, with the first payment due January 1, 2016. The lease includes a bargain purchase price of $10,000. Quinn requires a 10% rate of return. The cost to Quinn of the property is $100,000, and it has a fair value
of $150,000. Present value factors for a 10% interest rate are as follows: Present value of $1 for n = 1 0.909091 Present value of $1 for n = 5 0.620921 Present value of an ordinary annuity for n = 5 3.790787 Present value of an annuity due for n = 5 4.169865 ? Refer to Exhibit 20-3. What is the amount of the annual lease payment Quinn would require (round the answer to the nearest dollar)? A) $35,972 B) $39,570 C) $34,483 D) $37,931
A truck costs $316,000 and is expected to be driven 116,000 miles during its five-year life. Residual value is expected to be zero. If the truck is driven 27,000 miles during the first year, how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $98,600 B) $24,480 C) $73,440 D) $44,440
Which of the following is typically NOT true of work teams?
a. While the concept of work teams has been widely used in the U.S. for some time, it has also gained significant support in other countries. b. Work teams can help firms to become globally competitive. c. Employees in a self-directed work team handle a wide array of functions and work with a minimum of direct supervision. d. Work team members typically set their own goals without management input and plan how to work to achieve those goals.
The companies that lead change most effectively establish a sense of
A. competition. B. cooperation. C. empathy. D. complacency. E. urgency.