If the federal income tax rate were increased, the impact of the tax increase on acceptable investment proposals would be to (ignore the impact of the tax change on the cost of capital)
A) decrease the tax shelter from depreciation.
B) decrease net present value but the internal rate of return would stay the same.
C) increase net present value because the tax shelter from interest and depreciation becomes more valuable.
D) decrease both net present value. and internal rate of return.
Answer: D
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Explain why it is important to have many “pictures” of yourself when you attempt to strengthen your self-concept.
What will be an ideal response?
On September 12, Vander Company sold merchandise in the amount of $3950.00 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $2725.00. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $340 and the cost of the merchandise returned is $240. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:
A.
| Cash | 3877.80? | |
| Accounts receivable | 3877.80? |
B.
| Cash | 3877.80? | |
| Sales discounts | 72.20? | |
| Accounts receivable | 3950.00? |
C.
| Cash | 3950.00? | |
| Accounts receivable | 3950.00? |
D.
| Cash | 3537.80? | |
| Sales discounts | 72.20? | |
| Accounts receivable | 3610.00? |
E.
| Cash | 2725.00? | |
| Accounts receivable | 2725.00? |
In an effort to manage the stress of coping with culture shock, one can create a(n) ________ zone or an environment that closely relates to home.
Fill in the blank(s) with the appropriate word(s).
Which of the following allows a domestic firm to maintain the greatest control over its foreign operations?
A) wholly-owned subsidiaries B) licensing C) foreign distributorships D) agency arrangements