Which sentence illustrates appropriate use of the active voice?
A) The academic reports were prepared by the associate vice president.
B) The office contest was suggested by Nick Anderson.
C) The First Bank and National Bank announced that they will merge.
D) The national budget reform will be announced later this week by the president.
E) The application for the loan extension is being processed today.
C
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The denominator of a return ratio will be some measure of the company's income for the period
a. True b. False Indicate whether the statement is true or false
Which of the following existing agreements includes Costa Rica, Nicaragua, and the United States?
A. NAFTA B. FTAA C. APEC D. ASEAN E. CAFTA-DR
Division A produces a part with the following characteristics: Capacity in units 50,000 Selling price per unit$30 Variable cost per unit$18 Fixed cost per unit$3 Division B, another division in the company, would like to buy this part from Division A. Division B is presently purchasing the part from an outside source at $28 per unit. If Division A sells to Division B, $1 in variable costs can be avoided. Suppose Division A is currently operating at capacity and can sell all of the units it produces on the outside market for its usual selling price. From the point of view of Division A, any sales to Division B should be priced no lower than:
A. $27 B. $28 C. $29 D. $21 E. $20
Mays Industries was established in 2013. Since its inception, the company has generated the following levels of taxable income (EBT): YearTaxable Income2013$50,0002014$40,0002015$30,0002016$20,0002017-$52,5002018$60,000? Assume that each year the company has faced a 40% income tax rate. Also, assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions, and assume that the current provisions were applicable in 2013. What is the company's tax liability for 2018?
A. $19,780 B. $27,830 C. $23,000 D. $25,990 E. $17,250