Consumers pay for necessities out of their discretionary income

Indicate whether the statement is true or false


FALSE

Business

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When a fully depreciated asset with a residual value is discarded

A) a loss equal to its residual value may be recognized. B) a gain equal to its residual value may be recognized. C) no gain or loss may be recognized. D) a gain for its carrying value may be recognized.

Business

Duty-based ethical standards often come from religious precepts or through philosophical reasoning

Indicate whether the statement is true or false

Business

A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If the firm's tax rate is 35%, what is the after-tax cost of debt?

A) 9.00% B) 7.84% C) 6.07% D) 5.85% E) 5.10%

Business

The type of solicitation that is most heavily restricted is ____________________.

Fill in the blank(s) with the appropriate word(s).

Business