Retailer promotions are ineffective in getting customers to increase their purchase quantities
Indicate whether the statement is true or false
FALSE
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Which of the following control activities is not usually performed in the accounts payable department?
A. Matching the receiving report with the purchase order. B. Controlling the mailing of the check and remittance advice. C. Having an authorized person approve the voucher. D. Determining the mathematical accuracy of the vendor's invoice.
If a manufacturer produces a defective product, sells it to a wholesaler, who sells it to a retailer,
who sells it to a consumer who is injured, which parties in the chain of distribution are potentially liable under strict liability? A) Only the retailer B) Only the party at fault C) Only the manufacturer and wholesaler D) Only the manufacturer E) The manufacturer, wholesaler, and retailer
Spot-Free Car Wash is considering a new project whose data are shown below. The equipment to be used has a 3-year tax life, would be depreciated on a straight-line basis over the project's 3-year life, and would have a zero salvage value after Year 3. No new working capital would be required. Revenues and other operating costs will be constant over the project's life, and this is just one of the firm's many projects, so any losses on it can be used to offset profits in other units. If the number of cars washed declined by 40% from the expected level, by how much would the project's NPV decline? (Hint: Note that cash flows are constant at the Year 1 level, whatever that level is.)
Project cost of capital (r)10.0% Net investment cost (depreciable basis)$60,000 Number of cars washed2,800 Average price per car$25.00 Fixed op. cost (excl. deprec.)$10,000 Variable op. cost/unit (i.e., VC per car washed)$5.375 Annual depreciation$20,000 Tax rate25.0% A. $33,391 B. $35,149 C. $36,999 D. $38,946 E. $40,996
What identifies the geographic location of features and boundaries on earth, such as natural or constructed features, oceans, and more?
A. Cartography B. Spatial data C. Automatic vehicle location D. Geographic information system