An investing firm consolidates the variable interest entity if it absorbs the majority of the entity's expected ____________________ if they occur, receives a majority of the entity's expected ______________________________ if they occur, or both
Fill in the blank(s) with correct word
losses, residual returns
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The key factor that makes technology leadership attractive for some companies is the potential for
A. higher profits. B. lower infrastructure costs. C. lower risks. D. conflict resolution. E. lower market development costs.
In the ______ stage of the cycle of adjustment to the foreign environment, everything is new, exciting, and interesting and the new environment intrigues the expatriate in much the same way as if the expatriate was a tourist.
Fill in the blank(s) with the appropriate word(s).
Which of the following salutations should you use in a cover letter when you cannot determine the name of the person who will interview you?
A) Dear Sir B) Dear Human Resources Manager C) To Whom It May Concern D) Madam or Sir
Boynes Corporation is considering a capital budgeting project that would require investing $200,000 in equipment with an expected life of 4 years and zero salvage value. Annual incremental sales would be $490,000 and annual incremental cash operating expenses would be $330,000. The project would also require an immediate investment in working capital of $10,000 which would be released for use elsewhere at the end of the project. The project would also require a one-time renovation cost of $70,000 in year 3. The company's income tax rate is 30% and its after-tax discount rate is 14%. The company uses straight-line depreciation. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total
cash flow net of income taxes in year 2 is: A. $110,000 B. $78,000 C. $160,000 D. $127,000