Valley corporation pays for a trip to barbados for its top two salespersons. this expense is not subject to the 50 percent rule.

a. True

b. False

Cost ConceptOn February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $400,000. On February 28, Clairemont Repair Service accepted the seller's counteroffer of $380,000.

A central bank that follows a dual mandate A. places equal weight on two coequal objectives. B. will first achieve its primary goal before it pursues it secondary goals. C. mostly uses open-market operations and occasionally uses the discount rate.

If a new-car loan costs 6%, a used-car loan would cost approximately ___ percent

Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic investment, but should be counted as production of final goods and services.

Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has let it be known that he would prefer to sign with a club located in Florida, Texas, or Washington.

What should be used to keep a tablet dry? Digitizer Plastic bag Protective cover Waterproofing seal

Housing prices have begun to drop. New home construction has stopped and fewer run-down houses are being repaired. (Use the graphs from the Supply and Demand Guide.)

Bustillo Inc. is working on its cash budget for March. The budgeted. 3 Bustillo Inc. ts working on ts cash budget for March. The budgeted beginning cash balance is $40,000.

Transfer payments are: a. a redistribution of funds from one individual to another individual in the economy. b. another term for government taxation. c. a means by which government raises funds. d. counted in gdp.

A corporation owns many acres of timber, which it acquired three years ago, and which has a $120,000 basis. The timber was cut last year for use in the corporation's business. The FMV of the timber on the first day of last year was $270,000.