Adding gourmet coffee stations to my convenience store is expected to increase sales of my
breakfast sandwiches;
however, the sales of breakfast sandwiches should not be included in the
evaluation of the gourmet coffee project because only relevant, incremental cash flows should be
considered.
FALSE
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Michelle, an Italian fashion designer, sells her merchandise by exporting them to the United States, United Kingdom, and Brazil. According to this information, Michelle is most likely involved in:
A. foreign direct investment. B. globalization of production. C. international trade. D. multinational enterprise. E. outsourcing.
Which of the following statements about Section 401(k) plans is true?
A) Elective salary deferrals to these plans are free of federal income taxation until the funds are actually withdrawn. B) These plans are exempt from rules that prevent discrimination in favor of highly compensated employees. C) There is no limit on the actual percentage of salary that can be deferred by highly compensated employees under a qualified plan. D) If an employee takes the funds made available to him or her in cash, the money received is not taxable.