The current market value of a property is $35,000. For tax purposes, it is assessed at 40 percent of market value. The tax rate is $4 per $100 of assessed value. What is the amount of the tax due?

Which of the following is a step taken by automobile companies in situations where neither centralization nor decentralization of production is feasible?

A. Outsourcing production to developing countries B. Inshoring production into the home country C. Selling product patents and technology to competitors D. Refraining from international trade E. Establishing top-to-bottom manufacturing operations

The Omega Company is thinking of buying computers for all its work stations. It wants to test them for 30 days before agreeing to buy. The supplier, Dall Computers, agrees to this arrangement

Omega still has the computers after 40 days and has not said what is going to do. Who now owns the computers? Why? A) Omega. There was a contract between Omega and Dall, and ownership transferred to the purchaser as soon as the contract was made. B) Dall. Ownership does not transfer to the purchaser until the price has been determined. C) Dall. Ownership doesn't transfer to the purchaser in a sale on approval until he signifies his approval. D) Omega. Ownership transferred because it kept the goods after the time fixed for returning them. E) Since the contract was silent on when ownership transferred, the contract is void.