In 2010, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years. It was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2014 that the useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for 2014 is
a. $11,636
b. $16,00
c. $11,00
d. $8,000
b
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The general formulation of linear programming models always includes which of the following?
a. A maximization objective function b. A set of less-than-or equal-to (?) constraints c. A set of non-negativity constraints d. All of the above
Patterson and Clay Companies both use cost-plus pricing formulas and arrived at a selling price of $1,000 for the same product. Patterson uses absorption manufacturing cost as the basis for computing its dollar markup whereas Clay uses total cost. Which of the following choices correctly denotes the company that would have (1) the higher cost basis for deriving its dollar markup and (2) the higher markup percentage? Cost BasisMarkup PercentageA.PattersonPattersonB.PattersonClayC.ClayPattersonD.ClayClayE.More information is needed to judge.
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
Your firm has preferred stock outstanding that pays a current dividend of $2.00 per year and has a current price of $21.50. Currently, preferred stock makes up approximately 15% of your firm's long-term financing
What is the market required rate of return on your firm's preferred stock? A) 8.70% B) 9.00% C) 9.30% D) 15.00%
An employer might be liable for intentional torts when the conduct constitutes a risk attributable to the employer's business
Indicate whether the statement is true or false