KK company bought a delivery truck for $62,000 on January 1, 2009. They installed a rear hydraulic lift for $8,000 and paid sales tax of $3,000. In addition, KK paid $2,400 for a one-year insurance policy and $500 for registration fees. They estimate the useful life of the truck to be 10 years and its residual value to be $8,000. If KK uses the double-declining balance method, how much is depreciation expense in 2010?

A project manager is using the payback method to make the final decision on which project to undertake. The company has a 10% required rate of return and expects a 4% rate of inflation for the following four years

What is the non-discounted payback of a project that has cash flows as shown in the table? Year Cash Flow 0 -$250,000 1 $50,000 2 $60,000 3 $70,000 4 $80,000 A) 3.875 years B) 3.625 years C) 3.750 years D) 3.500 years

Which personality trait shows considerable adaptability in adjusting behavior to external situational factors?

A) locus of control B) self-monitoring C) risk propensity D) Machiavellianism E) willingness to take chances