An understanding of how the company's cost of capital is determined is one of the fundamental concepts that a nonfinancial manager should understand in order to:
A) better assess the current environment in which the firm operates.
B) better assess future financing requirements.
C) better understand the role of capital markets in raising long-term funds.
D) better measure and create value for the shareholders.
B
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The Accumulated Depreciation account is ________
A) a record of the sum of all the depreciation expense recorded B) the price quoted to the buyer of a used asset C) an expense account D) the expense account used to expense the cost of an asset
Baker, a sole proprietor CPA, has several clients that do business in Spain. While on a 4-week vacation in Spain, Baker took a 5-day seminar on Spanish business practices that cost $700. Baker's round-trip airfare to Spain was $600. While in Spain, Baker spent an average of $100 per day on accommodations, local travel, and other incidental expenses, for total expenses of $2,800. What amount of educational expense can Baker deduct on Form 1040, Schedule C, Profit or Loss From Business?
a. $700 b. $1,200 c. $1,800 d. $4,100