Critics claim bank ATMs take advantage of which customers who suffer a poverty of time and have a strong need for convenience?
a. customers with inelastic demand schedule
b. customers with elasticity of demand
c. customers with unitary supply and demand
d. customers with supply characteristics
Ans: a. customers with inelastic demand schedule
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Which of the following statements regarding leases and taxes is FALSE?
A) In a non-tax lease, the lessee can deduct the interest portion of the lease payments as an interest expense. B) In a true tax lease, the lease payments are treated as revenue for the lessor. C) In a true tax lease, the lessee receives the depreciation deductions associated with the ownership of the asset. D) The IRS separates leases into two broad categories: true tax leases and non-tax leases.
Benson Company's income statement showed rent expense of $16,000. The beginning balance in Prepaid Rent was $5,000. The ending balance in Prepaid Rent was $3,000. The cash paid for rent was ________
A) $14,000 B) $16,000 C) $19,000 D) $24,000