The clause prohibiting the Federal Government from taxing exports is:
a. the Commerce Clause.
b. the Import-Export Clause.
c. the International Trade Clause.
d. the Export Taxation Clause.
b
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Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an
annuity of $1 at 10 percent and eight years is 5.335. The net present value of the project is a. $74,520. b. $120,100. c. $93,400. d. $22,740.
Last year Sheeder Company's cash account decreased by $10,000. Net cash flows from investing activities was $19,000. Net cash flows from financing activities was $(17,000). On the statement of cash flows, the net cash flows from operating activities was:
A) $(12,000). B) $(3,000). C) $(10,000). D) $7,000.
Marjam Company owns 41,000 shares of MacKenzie Company's 100,000 outstanding shares of common stock. MacKenzie Company pays $25,000 in total cash dividends to its shareholders. Marjam's entry to record the cash dividend received from MacKenzie would include a:
A. Debit to Dividend Revenue for $10,250. B. Credit to Equity Method Investments for $25,000. C. Credit to Dividend Revenue for $25,000. D. Credit to Equity Method Investments for $10,250. E. Debit to Interest Revenue for $10,250.
The Family and Medical Leave Act does not apply to:
a. key employees b. small employers with less than 50 employees c. new employees d. all of the other specific choices e. none of the other choices