Wasp Corporation has a loan agreement that provides it with cash today, and the company must pay $25,000 one year from today, $15,000 two years from today, and $5,000 three years from today. Wasp agrees to pay 10% interest. The following are factors from a present value table:? Interest ratePeriods 10%1 0.90912 0.82643 0.7513What is the amount of cash that Wasp receives today?
What will be an ideal response?
| Periods | Payments | Present value at 10% | Present value of payments |
| 1 | $25,000 | 0.9091 | $22,727.50 |
| 2 | 15,000 | 0.8264 | 12,396.00 |
| 3 | 5,000 | 0.7513 | 3,756.50 |
| Total cash received | $38,880.00 |
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News releases that communicate directly with the customers and other audiences and include network links are called what?
A) Press releases B) Direct to consumer releases C) Social media releases D) Blog releases E) World wide web releases
Inger Associates, which manufactures plastic containers, recently sold 12,000 containers to R&A Inc. The selling price per container was $18. R&A paid for the containers by transferring 864 shares of its common stock to Inger. On date of payment, R&A stock was selling on Nasdaq at $250 per share. Compute Inger's tax basis in the R&A stock.
A. Inger's tax basis equals its manufacturing cost of the 12,000 containers. B. $216,000. C. -0-. D. None of the above
The FCPA is a multilateral agreement among member nations of the WTO to combat the practice of global bribery
Indicate whether the statement is true or false
An American manufacturer is setting up a manufacturing plant in China. A Chinese telecommunications worker has asked the American firm's agent to pay him a fee of $500 for setting up Internet service in the new plant. Under the FCPA, if the American agent pays the fee, it will be considered:
A) perfectly legal; the Chinese telecommunications firm deserves to be paid for its services B) questionable; the American agent should confirm that this is the appropriate amount and person to pay for the service. C) totally illegal; it is obviously a bribe. D) none of the above.