Tub King is a small company that refinishes antique claw foot bathtubs, antique sinks, and provides training for bathtub refinishing. The company's management is currently conducting a formal study of its current strengths and weaknesses by looking at the company's profit and sales histories and searching for opportunities and threats by studying consumer trends. Tub King is conducting a(n):
A. marketing audit
B. SWOT analysis
C. environmental scan
D. market differentiation scan
E. strategic window search
Answer: B
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a. True b. False Indicate whether the statement is true or false
Sand engaged in operations at the start of 2018 and reported $550,000 in pre-tax book income for the year. Tax depreciation for Sand exceeded book depreciation by $50,000. The tax rate for 2018 was 30%, and Congress had enacted a tax rate of 20% for the years after 2018.What is the deferred tax liability for Sand at December 31, 2018?
A. $15,000 B. $20,000 C. $40,000 D. $10,000
A security interest in consumer goods is always automatically perfected upon attachment
a. True b. False Indicate whether the statement is true or false
A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. Calculate the bond's yield to maturity.
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