Perry Company has a tax rate of 30 percent and is considering a capital project that will make the following annual contribution to operating income before income taxes: Cash revenues $250,000 Cash expenses (150,000) Depreciation (75,000) Operating income before income taxes $25,000 The impact of income taxes on net cash flows will be
A) $(7,500).
B) $(22,500).
C) $(45,000).
D) $(75,000).
C
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Phil, the store manager, recently had to fire Sue, an employee who graduated from North College. He felt that Sue was not well trained at her school. So when Steven, also a graduate from North College, applied for Sue's old position, he did not want to consider hiring him, feeling Steven also probably did not receive the proper training. Phil was affected by _____ bias.
A. blind B. training C. confirmation D. representativeness E. adjustment
The following information is available on TGR Enterprises, a partnership, for the most recent fiscal year: Total partnership capital at beginning of the year$180,000Partnership net income for the year$150,000Withdrawals by partners during the year$120,000Additional investments by partners during the year$60,000There are three partners in TGR Enterprises: Tracey, Gregory and Rodgers. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners.
A. Tracey = $90,000; Gregory = $90,000; Rodgers = $90,000. B. Tracey = $108,000; Gregory = $54,000; Rodgers = $108,000. C. Tracey = $204,000; Gregory = $102,000; Rodgers = $204,000. D. Tracey = $84,000; Gregory = $102,000; Rodgers = $84,000. E. Tracey = $60,000; Gregory = $30,000; Rodgers = $60,000.
Baby boomers are consumers who have been "wired" almost from birth—playing computer games, navigating the Web, downloading music, connecting with friends via instant messaging and mobile phones
Indicate whether the statement is true or false
Older Workers Benefit Protection Act of 1990 provides protection only for employees over 60 years of age.
Answer the following statement true (T) or false (F)