Which of the following mathematical expressions is used to calculate the after-tax cost of debt, rdT?
A. rdT = Firm's internal rate of return-Tax payments
B. rdT = Firm's internal rate of return-Tax savings
C. rdT = Bondholders' required rate of return (YTM)-Tax savings
D. rdT = Firm's internal rate of return-Dividendpayments
E. rdT = Bondholders' required rate of return (YTM) -Interest payments
Answer: C
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The Roger Company leased a machine at the beginning of 2016. The machine was properly capitalized by Roger at $73,735. A lease payment of $16,563 is due at the end of each year. The expected life of the machine is seven years, and the term of the lease is five years. At the beginning of 2021, the machine will be returned to the lessor. Both Roger and the lessor use the straight-line method of
depreciation. What amount of depreciation expense should Roger record in 2016 for the machine (round calculations up to the nearest dollar)? A) $14,600 B) $14,747 C) $16,563 D) $17,000
Which of the following statements about group and organizational norms is false?
A. The pressures of escalating commitment may predispose parties to commit more unethical actions. B. Organizations may exert direct pressures on an individual to breach ethics or even break the law in the service of achieving some corporate or organizational goal. C. Job related pressures within particular work groups, departments, or divisions may be such that marginally ethical behavior is not only tolerated, but even condoned. D. The more loyalty and commitment people feel toward an organization, the less likely they may be to suspend their own ethical judgment and engage in unethical behavior.
As recommended by the text, when should the last step in the code development process--code revision--occur?
a. a few weeks to a month after adoption b. constantly c. annually d. with every ethics training workshop
In the context of the key distribution strategies, the wheel of retailing accounts for stores that retain their niche as deep discounters.
Answer the following statement true (T) or false (F)