If a sole proprietorship business sustains a loss for the period, the closing entries will include a debit to the Capital account and a credit to the Income Summary account
Indicate whether the statement is true or false
true
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Carlson Inc. is evaluating a project in India that would require a $5.8 million investment today (t = 0). The after-tax cash flows would depend on whether India imposes a new property tax. There is a 50-50 chance that the tax will pass, in which case the project will produce after-tax cash flows of $1,350,000 at the end of each of the next 5 years. If the tax doesn't pass, the after-tax cash flows will be $1,800,000 for 5 years. The project has a WACC of 10.4%. The firm would have the option to abandon the project 1 year from now, and if it is abandoned, the firm would receive the expected $1.35 million cash flow at t = 1 and would also sell the property for $4.45 million at t = 1. If the project is abandoned, the company would receive no further cash inflows from it. What is the value
(in thousands) of this abandonment option? Do not round intermediate calculations. A. $99 B. $70 C. $94 D. $108 E. $89
The primary reason that individuals and firms choose to borrow long-term is to reduce the risk that interest rates will ________ before they pay off their debt
A) rise B) fall C) become more volatile D) become more stable
Rachel has decided to quit social media due to increasing privacy concerns and social media fatigue. She deletes all of her social media posts and profiles including Facebook, Twitter, and LinkedIn. What term best describes her actions?
a. Lifestream closure. b. Social identity suicide. c. Internalization. d. Social media review. e. Social data revocation.
Describe the state of an object and explain its relation to attribute and object identity
What will be an ideal response?