Martin Company purchases a machine at the beginning of the year at a cost of $60,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $5,000 salvage value. The machine's book value at the end of year 3 is:
A. $30,000.
B. $52,500.
C. $6,875.
D. $45,000.
E. $7,500.
Answer: E
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Much of the most critical communication between a company and its customers is about
A) production issues. B) quality issues. C) unique problems that may arise. D) routine matters. E) personnel issues.
Nicholas Industries can issue a 20-year bond with a 6% annual coupon. This bond is not convertible, is not callable, and has no sinking fund. Alternatively, Nicholas could issue a 20-year bond that is convertible into common equity, may be called, and has a sinking fund. Which of the following most accurately describes the coupon rate that Nicholas would have to pay on the convertible, callable bond?
A. It could be less than, equal to, or greater than 6%. B. Greater than 6%. C. Exactly equal to 8%. D. Less than 6%. E. Exactly equal to 6%.
Answer the following statements true (T) or false (F)
The conceptual framework is an attempt to provide a metatheoretical structure for financial accounting.
A "customer centered" approach to handling the media by a public relations manager means that the PR person
a. must persuade journalists that it is in their interest to run a particular story b. determines the needs and wants of the journalist and modifies the story to meet those needs c. must combat journalists rejecting a story because they just don't understand the value d. go over the head of the journalists to the editor to convince the media outlet to run the story e. tell the journalists that he or she has many years of experience and that should be good enough to know whether the story is newsworthy or not