A cash refund given for the purchase of a product during a specific period is called
A. cash discount.
B. quantity discount.
C. functional discount.
D. rebate.
Answer: D
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________ is the rearranging of the project network logic so that critical activities are done in parallel rather than sequentially.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true of liability cases in foreign countries?
A) In New Zealand, most claims for damages due to pain and suffering receive automatic compensation due to its Accident Compensation Act. B) U.S. manufacturers facing lawsuits in foreign countries are unlikely to be joined by foreign importers, retailers, and wholesalers. C) U.S. courts do not enforce the judgment rendered by a foreign court. D) U.S. manufacturers who sell their products abroad are not free from product liability considerations.
Port Harbor City enacts an ordinance that bans the distribu¬tion of all printed materials on city streets. Later, Quint protests a new "revenue-enhancing" measure also enacted by the city by distributing handbills. When Quint is charged with violating the printed-materials ban, he files a suit against the city. Most likely, the court will hold that the ban is
a. an unconstitutional restriction of speech. b. constitutional under the First Amendment. c. justified by the need to protect individual rights. d. necessary to protect national interests.
Eastern Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed depreciation percentages as follows: year 1 = 20.00%; year 2 = 32.00%; year 3 = 19.20%; year 4 = 11.52%
The firm has a tax rate of 40%. If the machine is sold at the end of two years for $50,000, what is the cash flow from disposal? A) $50,000 B) $43,440 C) $39,875 D) $33,600