It was tough to be optimistic, but the cold, calculating father did exactly that, inspired by a particularly smooth single malt scotch. Which alternative would be the best choice given this rare state of optimism?
The cold, calculating father did exactly that when examining the 27 year old failure to launch man child that had turned his walk in closet into a bedroom. As he saw it, there were five alternatives; each had its advantages and disadvantages, and under different circumstances, each had a different financial incentive. He laid it all out neatly in a table, but as not to arouse suspicion, he left the table's labels very generic, so the alternatives were simply labeled A through E while the different circumstances were simply numbered one through three. He flicked the gray ash off of his favorite purple smoking jacket and pondered the best course of action under each possible future. It was good to be devious, he decided.
One Two Three
A 19 6 20
B 26 5 48
C 24 18 17
D 43 34 15
E 36 34 15
A) A
B) B
C) C
D) D
Answer: B
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Hyde Company traded in an old machine with a book value of $15,000 on a new machine. The exchange did not have commercial substance. The new machine, which had a cash price of $75,000, was purchased for $64,000 cash plus the old machine. Hyde should record the cost of the new machine as
a. $64,000. b. $71,000. c. $75,000. d. $79,000.
The constraint for the North American supply region is:
A) X11 + X21 + X31 + X34 - 5Y11 - 10Y21 ? 0. B) X11 + X12 + X13 + X14 - 5Y11 - 10Y12 ? 0. C) X11 + X12 + X13 + X14 - 3200Y11 - 4800Y12 ? 0. D) X11 + X12 + X13 + X14 - 5Y11 - 10Y12 = 0.
Sly includes in his song "Sneaky" a few seconds of Wily's copyrighted sound recording "Wits" without permission. Some federal courts have found that such digital sampling is
a. a violation of copyright law. b. a "fair use" exception to the provisions of the act. c. not a "fair use" exception to the provisions of the act. d. all of the choices.
In the context of financial accounting, the external stakeholders of a firm:
A. are seldom interested in analyzing detailed accounting information about the individual departments within the firm. B. are least interested in looking at the firm at a macro level. C. are not affected by the financial performance of the firm. D. seldom want to know how the firm's financial condition has changed over a period of several years by looking at its account statements.