In chapter four we focus on the Financial Management Framework and examine the three key decision-making areas of:
A) investing, dividends, and operations.
B) financing, investing, and dividends.
C) operating, investing, and financing.
D) dividends, operations, and investing.
C
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KK company bought a delivery truck for $62,000 on January 1, 2009. They installed a rear hydraulic lift for $8,000 and paid sales tax of $3,000. In addition, KK paid $2,400 for a one-year insurance policy and $500 for registration fees. They estimate the useful life of the truck to be 10 years and its residual value to be $8,000. If KK uses the double-declining balance method, how much is depreciation expense in 2010?
a. $12,144 b. $11,680 c. $10,400 d. $11,760
The Hydro-Quebec decision of the Supreme Court (p. 26 ) established the principle that if an employee
A) has been discriminated against large punitive damages can be awarded B) is over age 70 they can be terminated C) is an alcoholic they cannot be terminated unless the company offers them rehabilitation assistance first D) had been accommodated many times over many years and there is no reasonably foreseeable time they can return to work their contract can be ended E) consents to sexual advances by a co-worker than they cannot launch a successful claim for sexual harassment