Which economic trend below is not likely to exist in the future?
A)
Inflation at annual rates of 1-3%
B)
Persistent business cycles
C)
A tax system with high tax rates
D)
A tax system that does not favor some activities over others
D
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The _______________________________ clause establishes management's authority over traditional management functions such as hiring, firing, assigning work, determining job content, and deciding what to produce and how and where to make it.
Fill in the blank(s) with the appropriate word(s).
A margin call is a request from a brokerage firm for the investor to increase the cash in the account in order to bring the margin back up to the minimum level
Indicate whether the statement is true or false.
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
The ____ function returns the smallest value in a specified column
a. LOW b. LOWEST c. MIN d. MINIMUM