The transfer of title from the government to an individual is called:

a) public grant
b) dedication
c) foreclosure
d) accession

Answer: a) public grant

Business

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What is the undiscounted cash flow in the final year of an investment, assuming: 10,000 after-tax cash flows from operations, the fully depreciated machine, the sole asset in the pool, is sold for $1,000, the project had required $2,000 in additional working capital, and a 35 percent tax rate?

A) $14,000 B) $12,600 C) $12,650 D) $8,450

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The homestead exemption for a homeowner who is a member of a family unit is at LEAST

a. $175,000. b. $150,000. c. $125,000. d. $100,000.

Business