Halwick Corporation is considering a capital budgeting project that would have a useful life of 4 years and would involve investing $120,000 in equipment that would have zero salvage value at the end of the project. Annual incremental sales would be $360,000 and annual cash operating expenses would be $280,000. The company uses straight-line depreciation on all equipment. Its income tax rate is 30%.The income tax expense in year 2 is:
A. $9,000
B. $6,000
C. $15,000
D. $24,000
Answer: C
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Which of the following best describes allowances?
A. percentage increment to base pay provided to all employees regardless of performance B. pay calculated at an annual or monthly rate C. programs that help employees better integrate their work and life responsibilities D. one-time payments for meeting previously established performance objectives E. compensation to provide for items that are in short supply
First introduced in 1935 and highly popular in the early 1980s, Sperry Top-Sider shoes are once again a hit with young adult consumers. These shoes are an example of a
A. fashion product. B. low-learning product. C. fad product. D. slow-learning product. E. high-learning product.
Any relevant material, except information stored electronically, can be the object of a discovery request
a. True b. False Indicate whether the statement is true or false
In the context of financial securities,identify a true statement about certificates of deposit.
A. Certificates of deposit with longer maturities typically earn a lower interest rate than certificates of deposit that have shorter terms. B. They can be cashed in before they mature without incurring any penalty. C. They offer higher returns than most other types of investments. D. The rate of interest paid oncertificates of depositis usually lower than the interest rate on corporate bonds and most government securities.