A government agency charges motorists a toll for using a bridge. The toll is dropped when the cost of the bridge is paid. In other words, the government's target return figure was
A. 100 percent.
B. 20 percent.
C. 10 percent.
D. one.
E. zero.
Answer: E
You might also like to view...
Of the following practices, which of the following is most likely to be viewed by both salesperson and customer as unethical?
A) The salesperson gives the customer a cut glass paperweight with the company's name engraved on it at the end of December. B) A salesperson gives a potential customer tickets for front-row seats at a sold-out concert of the potential customer's favorite singer. C) The company throws an annual party for its clients at company headquarters that includes a buffet and open bar. D) At a software convention, a software sales rep takes its top five clients out for dinner at an expensive steakhouse. E) A railway company gives all of its vendors a 20% discount on passenger rail services.
The lender in a credit transaction is known as the ________.
A. debtor B. creditor C. debtee D. surety
South Penn Tracking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying?
A) 7% B) 8% C) 9% D) 10% E) 11%
Manthei University, a private university, has provided the following information concerning selected transactions. Prepare in general journal form the entries required for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)1. The university was awarded a federal grant in the amount of $1,800,000 to be used for a specified research project (determined to be a nonexchange transaction). During the year the entire $1,800,000 was received and expenses for the specified project totaled $1,000,000. 2. Ira Beaker, a renowned chemist and alumnus, donated $7,000,000 to be used for the construction of new chemistry building to be named Beaker Hall. The gift is to be paid to the university in equal installments
over a two-year period; the sum for the current year was received in cash. 3. Cash outlays of $2,750,000 were made during the year for construction in progress on the new chemistry building. Other construction projects completed during the year, also financed by restricted resources, amounted to $1,500,000 for buildings and $500,000 for improvements other than buildings. There was no debt financing used for these projects. 4. During the year bonds with a face value of $180,000 were retired. What will be an ideal response?