According to the textbook, it is ________
A) not inevitable that a business enter the decline stage of the organizational life cycle
B) inevitable that a business enter the decline stage of the organizational life cycle
C) not inevitable that service firms enter the decline stage of the organizational life cycle but is inevitable for manufacturing firms
D) not inevitable that manufacturing firms enter the decline stage of the organizational life cycle but is inevitable for service firms
E) not inevitable that international firms enter the decline stage of the organizational life cycle but is inevitable for strictly domestic firms
A
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Clyde operated a food distribution business. He leased a small warehouse in 2014 for $60,000 per year for a 3-year term. The lease was to start on July 1, 2014. Clyde paid the first 2 years' rent in advance in May 2014. Clyde then began to make monthly payments of $5,000 starting on July 1, 2016, and continuing on the first of the month for the balance of 2016. What rent expense may Clyde claim in 2016?
a) None of the answers are correct. b) $50,000 c) $60,000 d) $30,000
Which of the following parcels of land is the smallest?
A) 2 sections B) 5 percent of a township C) 2 square miles D) 1,280 acres