ABC Corp. leases two buildings. The first lease started January 1, 2016, and was for 3 years at $10,000 per year rent. ABC paid $30,000 in January for the entire 3-year term. The second lease started July 1, 2016, and was for 5 years at $6,000 per year rent. ABC paid $30,000 in June for the entire 5-year term. What is the total rent expense ABC Corp. may deduct in 2016?

________ companies top the list of big global advertising spenders

A) B2B B) Financial services C) Consumer products D) Industrial goods

Electronics International has experienced a significant decline in sales for SweetTunes, its MP3 player, during the past two years

In response, the company has reduced its advertising and sales expenditures for SweetTunes in an attempt to improve short-run profits. Which term best describes Electronics International's strategy for SweetTunes? A) sales outsourcing B) product modification C) industry repositioning D) product harvesting E) marketing mix modification