A company exhibits strategic intent when
A. it aggressively pursues financial objectives, establishing a priority on meeting the performance metrics and instilling a sense of urgency throughout the company.
B. management crafts and adopts a strategic plan.
C. it capitalizes on its primary competitive advantage and ensures resources are allocated to maintain its strategy.
D. it relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective.
E. management establishes a comprehensive set of financial objectives that meet stockholder expectations.
Answer: D
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When creating a message about a series of events or a process, the minor details should be listed
a. in order by process. b. in order from the most important to the least important. c. in random order. d. in order of simple to complex.
A creditor may petition the court to judicially dissolve a corporation if he has an unsatisfied judgment against the corporation and:
A) the corporation is insolvent. B) the creditor will become insolvent if not paid. C) the debt is over $5,000. D) All of these.
Maurer Corporation is considering a capital budgeting project that would involve investing $200,000 in equipment with an estimated useful life of 4 years and no salvage value at the end of the useful life. Annual incremental sales from the project would be $550,000 and the annual incremental cash operating expenses would be $440,000. A one-time renovation expense of $40,000 would be required in year 3. The company's income tax rate is 30%.The company uses straight-line depreciation on all equipment.The income tax expense in year 3 is:
A. $21,000 B. $33,000 C. $18,000 D. $6,000