Why should income taxes be considered by corporate decision-makers?
The payment of income taxes affects a company's cash flow, so a company's management has an incentive to minimize tax expense. The different alternatives considered when making a decision may have different tax consequences, thus, it is in management's best interest to consider taxes when making a decision. Also the structure of a transaction may affect the deductibility of expenses, so taxes should be considered in the decision-making process.
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If fixed costs are $300,000, the unit selling price is $31, and the unit variable costs are $22, what is the break-even sales (units) if fixed costs are reduced by $30,000?
A) 30,000 units B) 8,710 units C) 12,273 units D) 20,000 units
If the defendant does not answer the complaint, it will be dismissed
Indicate whether the statement is true or false
The components of internal control do not directly include:
A. Control activities. B. Risk assessment. C. Inflation adjustment. D. Monitoring.
Which of the following statement(s) is(are) true regarding the selection of a portfolio from those that lie on the capital allocation line?
I) Less risk-averse investors will invest more in the risk-free security and less in the optimal risky portfolio than more risk-averse investors. II) More risk-averse investors will invest less in the optimal risky portfolio and more in the risk-free security than less risk-averse investors. III) Investors choose the portfolio that maximizes their expected utility. A. I only B. II only C. III only D. I and III E. II and III