Stories company purchased equipment and these costs were incurred: cash price $22,500sales taxes 1,800insurance during transit 320installation and testing 430total costs $25,050stories will record the acquisition cost of the equipment asa. $22,500.b. $24,300.c. $24,620.d. $25,050.

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?

Which of the following is the best illustration of executive restraint? a)a president appoints a cabinet of advisors and takes their advice on a matter of national security. b)a chief executive has respect for senators who are not in the same political party but does not tell them so. c)a president believes that people should be self-sufficient but does not block a program that is providing aid to the poor. d)a chief executive delivers papers to congress to explain support for a program that encourages construction of roads.