Answer:
B. 10%
Explanation:
Given that
Tax rate = 40%
Net tax rate = 6%
Recall that
Gross interest = Net of tax rate / ( 1 - tax rate)
Therefore,
= 0.06 ÷ ( 1 - 0.40)
= 0.06 ÷ 0.60
= 0.1
= 10%
Answer:
In this case, 21st Century would probably win the lawsuit since its brochure never stated a specific amount of time, for example, 3, 5, or 10 years. So it cannot be considered an express warranty. Besides, the fact that the wheelchair actually lasted a few years (doesn't specify how many), it is more than consumer protection laws generally require.
Answer:
In fact these loans are basically short term loans which do not require any collateral pledging to get its approval. ... Instead, the criterion for availing these loans is very simple.
Answer:
Salespeople, who are on the front line interacting with customers, assume one of the most important roles in the product differentiation process. A well-informed customer will usually choose the product that offers the most value. There- fore, salespeople need to position their product with a value proposition.
Answer:
The statement is: True.
Explanation:
The matching principle of the Generally Accepted Accounting Principles (<em>GAAP</em>) states that the expenses a company incurs during a period must match with the revenues those expenses were incurred during the same period. This principle is usually implemented with the accrual accounting method leaving in clear that expenses are incurred to generate profit.
