If a corporation receives assets other than cash in exchange for stock, it records the assets received at their market value.
Answer the following statement true (T) or false (F)
True
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When doing business in China, it is important to remember that
a. persons of low rank never have any influence or power in a relationship. b. one must never give in to any demands of the Chinese hosts. c. exchanges are often uneven, working to the advantage of weaker members in the relationship. d. an emotional appeal to superiors will almost always be successful. e. obtaining the favor of subordinates will be seen as a sign of weakness.
Many of the world's companies use ________ ________ for activities that include some form of customer service whether it is through online chats, blogs or Facebook and Twitter pages.
Fill in the blank(s) with the appropriate word(s).
The first unit took 10 hours and the fourth unit 8.1 hours. What is the improvement rate?
A) 99% B) 95% C) 90% D) 15% E) 10%
You are analyzing the purchase of new equipment. Since you are not an expert on this type of
equipment, you hire a consulting firm to make recommendations. The consultant charged you $1,500 and recommended the purchase of the latest model from ACME Corp of America. The equipment costs $80,000, and it will cost another $10,000 to modify it for special use by your firm. The equipment will be depreciated on a straight-line basis over six years with no salvage value. You expect the equipment will be sold after three years for $28,000. Use of the equipment will require an increase in your company's net working capital of $4,000, but this $4,000 will be recovered at the end of year three. The use of the equipment will have no effect on revenues, but it is expected to save the firm $50,000 per year in before-tax operating costs. Your company's marginal tax rate is 35%. What is the terminal cash flow for this project? A) $24,500 B) $33,950 C) $37,950 D) ($17,000)