Multi-state businesses can reduce their overall tax cost to the extent they can shift income from a low-tax state to a high-tax state.
Answer the following statement true (T) or false (F)
False
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A purchase of goods is made with a list price of $4,110.00, a trade discount of 10%, and credit terms of 3/15, n/30 . If the invoice is not paid within the discount period, the amount that would be paid would be
a. $4,110.00; b. $3,699.00; c. $3,986.70; d. $3,588.03; e. $3,575.70
A ________ is defined as a name, term, sign, symbol, or design, or a combination of these, that identifies the maker or seller of a product or service
A) prototype B) paradigm C) framework D) patent E) brand
Markets that will do well in the future include telecommunications and the energy sector
What will be an ideal response?
A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into. The loan is at 8% interest compounded annually. The present value of 1 (single sum) at 8% for 3 years is 0.7938. The present value of an annuity (series of payments) at 8% for 3 years is 2.5771. The present value of the loan (rounded) is:
A. $15,876. B. $7,761. C. $51,542. D. $20,000. E. $25,195.