In modern organizations the stature of supervisors has been elevated because ________
A) there is increased diversity in the workforce
B) many middle management positions have been eliminated
C) international competition has increased
D) upper management expects better performance
E) they are provided with advanced training
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Five years ago, Frater Zahn's Company invested 38 million (30 million in fixed capital and another 8 million in working capital) in a bakery. Today, Frater Zahn's is selling the fixed assets for 21 million and liquidating the investment in working capital. The book value of the fixed assets is 15 million and the marginal tax rate is 40%. The fifth year's after tax nonoperating cash flow to Frater Zahn's is closest to:
a. 20.6 million b. 23.0 million c. 26.6 million
If the owner of real estate dies and leaves no will and has no heirs, the property will revert to the government through a process known as:
a. eminent domain b. reversion c. escheat d. inverse condemnation