"All of the following are types of agent authority EXCEPT
A) dubious authority
B) express authority
C) implied authority
D) apparent authority"
Ans: A) dubious authority
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CPM stands for ________
A) cost per thousand B) cost per million C) consumer promoted media D) cost per media E) competitively priced media
Lasalle Industries is considering the purchase of a new machine that will cost $250,000, plus an
additional $10,000 to ship and install. The new machine will have a 5-year useful life and will be depreciated to zero using the straight-line method. The machine is expected to have a salvage value of $30,000 at the end of year five. LaSalle's income tax rate is 40%. The additional net working capital from this project of $50,000 is expected to return to its pre-project level upon termination. What is the non-operating terminal cash flow of the machine? A) $68,000 B) -$32,000 C) $48,000 D) $80,000