In most bilateral contracts, the performances of the parties are __________
A) conditions precedent
B) conditions subsequent
C) recurrent conditions
D) concurrent conditions
D
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Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an
annuity of $1 at 10 percent and eight years is 5.335. The project earns a rate of return of a. Unable to determine from the data given b. greater than 10 percent. c. less than 10 percent. d. 10 percent.
A buyer of $5,000 in merchandise inventory does not take advantage of a supplier's credit terms of 2/10, n/30, and instead pays the invoice in full at the end of 30 days. The buyer will pay $4,900.
Answer the following statement true (T) or false (F)
Which of the following is a characteristic of the Sarbanes-Oxley Act of 2002?
A) It offers protection to employees who act as whistleblowers. B) It allows any person to recover treble damages plus attorney's fees in a civil action. C) It prohibits persons employed by or associated with an enterprise from engaging in white-collar crimes or acts of violence. D) It offers protection to federal employees who report illegal governmental activities.
A refund anticipation loan is associated with
A) electronic tax filing. B) an automatic extension for late filing. C) a tax refund in excess of $10,000. D) an unsuccessful IRS audit.