Which of the following statements concerning taxation is accurate?
a. Corporations pay federal income taxes but not state income taxes.
b. Corporations pay federal and state income taxes.
c. Only the owners must pay taxes on corporate income.
d. Corporations pay income taxes but their owners do not.
b
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Self-managed teams use leadership based on:
a. cooperation b. consideration c. shared responsibility d. facilitation
Which statement best describes the concept of equivalent units of production?
A) Equivalent units are the measure of a period's output B) Equivalent units are the units completed in a department C) Equivalent units are the total of the units produced by all departments D) Equivalent units are the number of units completed at the end of the last process
The PMI, Inc. processes an estimated 200,000 checks per year from its customers. Total revenue
collected by check is $40,000,000. The average float time until the funds are credited to PMI's checking account is 6 days. For an extra cost of $ .06/check, PMI's bank will install a lock-box system that will reduce float time from 6 days to 2.5 days. If PMI earns 3.5% on its checking account, how much per check will PMI make if it uses the lock-box system? A) $.005 B) $.008 C) $.006 D) $.007
Nominal interest rates are the sum of two major components: the real interest rate and the maturity premium
Indicate whether the statement is true or false.