Mature and reflective people who seek durability, functionality, and value in products are most likely to be categorized as ________ in the VALS system
A) Innovators
B) Thinkers
C) Achievers
D) Experiencers
E) Strivers
B
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On February 1, 2015, Vermont Corp pays $50,000 for shares of Stream, Inc common stock and another $1,000 in commissions. Assume that Vermont sells the Stream stock on May 20, 2015, for $53,000 . In this case, Vermont recognizes
a. An increase in assets and stockholders' equity for $2,000. b. An decrease in assets and an increase in stockholders' equity for $2,000. c. An increase and decrease in assets by the same amount. d. An increase in assets and stockholders' equity for $3,000.
Which of the following is a permanent member of the Security Council?
A. the United States B. India C. Brazil D. Germany
The goal of all committees is to facilitate prompt decision making.
Answer the following statement true (T) or false (F)
The tax effect of the sale of the existing asset is ________. (See Table 11.5)
Table 11.5 Nuff Folding Box Company, Inc. is considering purchasing a new gluing machine. The gluing machine costs $50,000 and requires installation costs of $2,500. This outlay would be partially offset by the sale of an existing gluer. The existing gluer originally cost $10,000 and is four years old. It is being depreciated under MACRS using a five-year recovery schedule and can currently be sold for $15,000. The existing gluer has a remaining useful life of five years. If held until year 5, the existing machine's market value would be zero. Over its five-year life, the new machine should reduce operating costs (excluding depreciation) by $17,000 per year. Training costs of employees who will operate the new machine will be a one-time cost of $5,000 which should be included in the initial outlay. The new machine will be depreciated under MACRS using a five-year recovery period. The firm has a 12 percent cost of capital and a 40 percent tax on ordinary income and capital gains. A) a tax liability of $2,340 B) a tax benefit of $1,500 C) a tax liability of $3,320 D) a tax liability of $5,320