Counterfeiting goods and exporting them from China is:
A. ethical and legal.
B. unethical but legal.
C. ethical but illegal.
D. unethical and illegal.
Answer: D
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Suppose that Japan levies a 40 percent tariff on pickup trucks and a 20 percent tariff on engines. The effective rate of protection on pickup trucks
a. is higher with the tariff on engines. b. is lower with the tariff on engines. c. is the same with or without the tariff on engines. d. is equal to the tariff on engines.
he Cold Experience, Inc., a leading manufacturer of frozen dessert products, is considering the addition of a new product: frozen yogurt. The firm estimates that each cup will sell for $2 and that the variable costs per cup will be 70% of the selling price. The firm expects to sell at least 10M cups the first year and that the marginal tax rate will be 40%. The firm wants to maintain its current degree of financial leverage of 1.5 and a maximum degree of combined leverage of 4.5. The firm expects to pay $300,000 in preferred dividends and has 1 million shares of common stock outstanding.
a) Create an income statement for the new frozen yogurt’s first year using the information provided. b) Determine the operating break-even point in units and also in dollars. c) How many cups would The Cold Experience, Inc. need to sell in order to achieve earnings before interest and taxes of $3M?
Dougan Corporation's stockholders' equity equals one-half of the company's total assets. The company's liabilities are $173,000 . What is the amount of the company's stockholders' equity?
Which of the following is not an application of accrual accounting?
A) Recording advertising fees earned at the time the work is done. B) Adjusting unearned advertising fees to the proper balance at the end of the month. C) Recording advertising fees earned at the time the cash payment is received. D) Recording telephone expense in the accounting period covered by the monthly bill.