Rick owns and operates his own UPS shipping store. He has licensed the right to use UPS's business systems. Rick's shipping store is a:
A. doubly managed outlet
B. chain store
C. franchise
D. independent retailer
E. licensor
Answer: C
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Which of the following is NOT an acceptable basis for the recognition of expenses?
a. Cash disbursement b. Direct matching c. Immediate recognition d. Systematic and rational allocation
Nahanni Treasures Corporation is planning a new common stock issue of five million shares to fund a new project. The increase in shares will bring the number of shares outstanding to 25 million. Nahanni's long-term growth rate is 6 percent, and its current required rate of return is 12.6 percent. The firm just paid a $1.00 dividend and the stock sells for $16.06 in the market. On the announcement of the new equity issue, the firm's stock price dropped. Nahanni estimates that the company's growth rate will increase to 6.5 percent with the new project, but since the project is riskier than average, the firm's required return on stock will increase to 13.5 percent. Using the DDM constant growth model, what is the change in the equilibrium stock price?
A. -$1.77 B. -$1.06 C. -$0.85 D. -$0.66 E. -$0.08
The interval labeled "D" in the diagram is:
A) production cycle. B) order receipt period. C) shipping lead time. D) inventory fill rate.
The depreciable value of an asset, under MACRS, is the ________
A) current cost B) current cost minus salvage value C) the original cost plus installation D) the original cost plus installation costs, minus salvage value